Retail | South China Morning Post
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  • Mar 6, 2015
  • Updated: 3:16am

Retail

Three mainland retailers probed over promotional strategies in price war

Suning is among the three retailers being probed.

Beijing launched an investigation into a high-profile price war on electrical appliances amid complaints from consumers that they were cheated by three mainland retailers.

Thursday, 6 September, 2012, 3:08am

Market Opener: Chinese retailers, hotels in focus as Beijing mulls boosting consumption

Chinese retailers, car makers and food and beverage producers may see near-term upside after  news reports that Beijing has drafted a new plan to sharply boost domestic consumption.

4 Sep 2012 - 10:45am

Samsonite interim profits hit record, powered by travel demand, Asia and North America

Samsonite store in Causeway Bay. File photo: SCMP

 US luggage maker Samsonite on Tuesday posted record first-half sales, boosted by strong global travel demand as well as growth in Asia and North America.

The firm, which makes suitcases, casual bags and other travel products, said profit for the six months to June 30 jumped 263 per cent to US$90.1 million, up from US$24.8 million during the same period a year ago.

28 Aug 2012 - 1:06pm

Relaxed travel rules spark rally in shares of HK retailers

The share prices of Hong Kong retailers surged yesterday on expectations that eased regulations for mainlanders visiting the city would bring more shoppers from across the border.

Cosmetics retailers, department store operators, and high-end jewellery and watch sellers, which may benefit from the new policy, rose up to 7 per cent despite a 0.41 per cent fall in the Hang Seng Index.

28 Aug 2012 - 3:38am

Low prices of online booksellers killing small stores in China

An O2Sun bookstore in better times. The chain was forced to shut down in October. Photo: SCMP

For Zhang Yu, going to a little bookshop called O2Sun was one of her favourite activities while at university. She would read for hours in the shop on days without classes.

27 Aug 2012 - 7:21am

Giordano sees lower rents in store for Hong Kong

Giordano chairman Peter Lau says the mainland is still Giordano's key market for growth and operations will expand there. Photo: May Tse

Casual wear chain Giordano International expects rents in Hong Kong to soften due to a slowdown in retailing, after the company reported a better-than-expected 1.7 per cent growth in interim net profit.

16 Aug 2012 - 1:12pm

Lilang to ease up on mainland expansion

Fujian-based menswear company China Lilang plans to slow the pace of its store expansion in the second half, despite posting double-digit growth in both turnover and profit in the first six months of this year.

For the six months ended June, the company recorded a 22 per cent increase in turnover to 1.26 billion yuan (HK$1.54 billion) from a year earlier.

16 Aug 2012 - 3:54am

360buy fires first salvo in price war

Competition in the mainland's home appliance industry is heating up as major retailers Suning Appliance, Gome Electrical Appliances and e-commerce player 360buy wage a new round in their price war.

16 Aug 2012 - 3:54am

Passion and service in city'super list

Few companies have expanded as rapidly of late as the city'super Group. The Hong Kong-headquartered luxury-lifestyle chain now operates in three cities across Asia and is already laying the groundwork for several outlets on the mainland.

'We're expecting a multi-fold increase in size over the coming five years,' says company president Thomas Woo.

10 Feb 2012 - 12:00am

What's being said on facebook.com/southchinamorningpost

Experts have called for a crackdown on teenage alcohol abuse:

2 Nov 2011 - 12:00am

China Resources bracing for costlier second half

China Resources Enterprise (CRE) is bracing for a challenging second half, saying it will not fully pass on higher costs to consumers.

Frank Lai Ni-Hium, chief financial officer of the retail, food and beverage, and brewing group, said that from January to June, wages rose 15 per cent, rental costs increased 20 per cent on average, while raw material costs surged.

26 Aug 2011 - 12:00am

Hong Kong provides a laboratory for a new way to fund journalism - upmarket retail

Former Wallpaper editor Tyler Brule might have scored again with another magazine sensation called Monocle, but his real goal is to go into global retail. Teaming with Lane Crawford's home store, they've created a Monocle pop-up store (although they prefer the term seasonal shop).

19 Apr 2010 - 12:00am