Retail

People seek to cash in from Hostess' demise

A man hoards Twinkies after Hostess said it was closing. Photo: MCT

Twinkies are being marketed on the internet like exquisite delicacies.

Monday, 19 November, 2012, 3:39am

Causeway Bay shop rents lead world

Retail rents in Causeway Bay rose to more than HK$20,000 in the year to June. Photo: Bloomberg

Strong demand from international retailers and tight supply mean retail rents in Causeway Bay, Central and Tsim Sha Tsui are among the five most expensive shopping addresses in the world.

15 Nov 2012 - 5:02am

Mainland shoppers boost sales of Philips' lifestyle products in Hong Kong

Wiebo Vaartjes

Royal Philips Electronics is seeing brisk business for its "consumer lifestyle" products in Hong Kong, thanks to high demand from the growing numbers of mainland tourists shopping in the city.

15 Nov 2012 - 5:02am

Hong Kong most optimistic market in Asia-Pacific for luxury spending

The personal luxury goods market in Asia is booming. Photo: Reuters

Hong Kong is the most optimistic market in the Asia-Pacific region in terms of its luxury spending outlook; but the mainlanders still top the charts in terms of spending power and future growth potential.

15 Nov 2012 - 5:02am

Kowloon sites may relieve retail property shortage

West Kowloon

New and emerging commercial property locations including East Kowloon and the West Kowloon waterfront are expected to ease the shortage of retail space in Hong Kong, according to property consultant Jones Lang LaSalle (JLL).

5 May 2015 - 11:48am

Hong Kong retail demand spurs office conversions

The Harbour City complex in Tsim Sha Tsui is undergoing changes to convert office space to make it suitable for retail use. Photo: Felix Wong

Strong demand for retail space from the services industry and higher rents have encouraged Wharf (Holdings) to convert some office floors at Harbour City in Tsim Sha Tsui to semi-retail use.

14 Nov 2012 - 3:22am

Property Digest, November 14, 2012

With the improved liquidity resulting from further easing of monetary policy by the United States, investors were keen to snap up office units in Mong Kok.

US fiscal policy helps Hong Kong office sales

14 Nov 2012 - 3:22am

A Bad Week for … , November 11, 2012

Mitt Romney

Mitt Romney

His campaign team had planned fireworks, and media reports said he had already written a 1,118-word victory speech. Then Romney went and lost. Wife Ann was in tears and the US presidential candidate himself was said to be shell-shocked as he went to break the news to Republican supporters gathered at a Boston hotel.

 

DNA Galleria retailers

11 Nov 2012 - 2:51am

Chow Tai Fook Jewellery shares fall after profit warning

Chow Tai Fook has suffered losses from its gold hedging. Photo: AFP

Shares in Chow Tai Fook Jewellery fell yesterday as alarmed investors shed their holdings after a profit warning, which came within a year of its listing.

10 Nov 2012 - 5:24am

DNA Galleria buyer's ousting of tenants causes a shock

Protest posters at the DNA Galleria in Tsim Sha Tsui. Tenants are protesting over the new owner kicking them out. Photo: Jonathan Wong

The day that Lau Chun-kai signed an agreement to lease a 500 square foot shop on the second floor of the DNA Galleria shopping mall in Tsim Sha Tsui in August was one the 24-year-old hoped to celebrate for years to come.

7 Nov 2012 - 3:16am

Retail rents and sales mostly still rising in China

The mainland's rising middle class is fuelling high growth rates in the mass market sector. Photo: AFP

With consumer markets in Europe and the United States still suffering from the effects of the financial crisis of 2008, China had been the main beacon of hope for retailers looking for a boost to lacklustre sales elsewhere.

7 Nov 2012 - 3:16am

Malls to use art promotions to attract Christmas shoppers

Kwun Tong's APM shopping mall will have a "Christmas Kingdom" featuring a merry-go-round. Photo: Edward Wong

Dutch sculptor and local painters ... Italian lifestyle brand designer... No, that's not a line-up for an art festival, but attractions to be offered by local shopping arcades as part of their Christmas promotions.

7 Nov 2012 - 3:16am

Shop owners rage at pre-Christmas eviction from Tsim Sha Tsui galleria

Posters on display in the DNA Galleria in Tsim Sha Tsui as part of a protest by tenants against their eviction. Photo: Jonathan Wong

Tenants of the DNA Galleria shopping mall in Tsim Sha Tsui say they have been evicted with just over a month's notice after their landlord ignored their appeals to be allowed to stay until after the Christmas season.

5 Nov 2012 - 5:45am 1 comment

Mainland importers jump on milk train

Infant food from overseas has become more popular with mainland mothers after the local tainted milk scandal of 2008. Photo: Bloomberg

Chinese companies are flocking to bring overseas-brand baby formula into the mainland, where prices and profit margins are among the highest in the world.

Each month yet another batch of imported baby food is added to supermarket shelves around the nation, all packaged for mainland mothers with labels saying they are "tailor-made for Chinese babies".

5 Nov 2012 - 3:25am

Apple to step up store expansion in China

More people in China want an Apple, says Tim Cook. Photo: AP

Apple, the world's largest technology company, is poised to speed development of new retail stores and network of resellers across China, its second-biggest market.

The bullish forecast by technology analyst firm Forrester Research followed Apple's disclosure yesterday that it would open up to 35 new retail stores worldwide over the next 12 months.

2 Nov 2012 - 5:30am