Carrefour, France's biggest grocer, agreed to sell its Malaysian operations to Aeon, Japan's largest retailer, for €250 million (HK$2.5 billion).Friday, 2 November, 2012, 5:30am
Retail sales in Hong Kong rose more than expected in September but there were signs of a slowdown in some segments.
Sales amounted to HK$34.1 billion in September, up 9.4 per cent on the same period last year, driven by the holiday spending during the Mid-Autumn Festival, according to the Hong Kong Census and Statistics Department.2 Nov 2012 - 5:43am
Casual wear chain Giordano International reported a 5 per cent decline in sales for the third quarter as the weak economy and late arrival of cold weather weighed on consumer spending. Giordano shares fell more than 2 per cent yesterday afternoon after the company released the results. They closed at HK$6.44, down 0.92 per cent, while the benchmark Hang Seng Index gained 1 per cent.1 Nov 2012 - 4:48am
Visit a Hong Kong Records shop and there's a chance you'll encounter an amiable grey-haired man holding forth on what's hot and what's not in the music scene. That man is Siu King-chin, the founding owner of perhaps the city's biggest retailer of music and movies, doing what he loves most.29 Oct 2012 - 10:54am
The torrent of technological changes in the past couple of decades may have swept away the numerous music shops that once dotted Hong Kong, but some of the big retailers have managed to hold their ground.
Statistics from the International Federation of the Phonographic Industry show music sales in Hong Kong dropped to HK$400 million last year from HK$2.8 billion in 1989.29 Oct 2012 - 5:08am
Internet users across the border are enthusiastically discussing plans to shop in Hong Kong as the yuan climbs to a 19-year high.
The exchange rate has risen in the past few days, passing HK$1.25 as the yuan appreciated against the weak US dollar, to which the Hong Kong dollar is pegged. Beijing devalued its currency in late 1993.24 Oct 2012 - 4:41am
On a weekday this month at Huawei Centre, a popular shopping spot in Beijing's Xidan shopping district, sales assistants at a Li Ning shop are removing cotton-padded overcoats and down-filled garments from cartons and arranging them for sale. The range is not from the new winter collection, but is goods left over from last year.22 Oct 2012 - 4:47am
Li Ning, the founder and chairman of Li Ning Co, plans to sell a 25 per cent stake in the mainland sportswear retailer to Viva China Holdings, a sports talent management firm under his family's control.18 Oct 2012 - 4:47am
China is set to become the world’s second biggest market for luxury goods after the United States in five years, overtaking France, Britain, Italy and Japan, an industry report said on Tuesday.29 Aug 2013 - 4:13am
In addition to the tragic news about the Lamma Island ferry accident, the deadliest boat accident in Hong Kong in 40 years, retailers didn’t have a great holiday season either.23 Oct 2012 - 3:30pm
The average price of everyday goods in Sheung Shui is 10 to 20 per cent higher than in nearby districts as mainlanders flood in to snap up products to take across the border.17 Sep 2012 - 10:47am 3 comments
Second-hand bag trader Milan Station is finding it increasingly tough to find Hong Kong shoppers prepared to fork out HK$50,000 for a second-hand bag.17 Sep 2012 - 2:53am
Tight security as pope visits Lebanon14 Sep 2012 - 2:47am
Burberry Group's flagging sales growth suggests an end to a three-year rally in the luxury-goods industry as wealthy shoppers cut back on past indulgences.13 Sep 2012 - 4:53am
Hong Kong is the most expensive place in the world for shop rents, according to property consultants Cushman & Wakefield.
A dearth of prime shopping space and the lure of big-spending mainland tourists has driven up top rentals in key precincts to over US$927 per sq ft per year, says Cushman.12 Sep 2012 - 10:38am