Johnson Electric sales down as demand weakens

Industrial demand has fallen.

Johnson Electric posted a 4 per cent fall in total sales, which the electronic component manufacturer blamed on weaker demand and currency movements. The company's sales declined to US$2.06 billion year on year for the 12 months up to March 31, while net profit rose 2.5 per cent to a record US$191 million.

Friday, 17 May, 2013, 4:06am

China car sales jump 16pc in first four months

Mainland carmakers had 39 per cent of sales in April .Photo: Reuters

The decline in sales of domestic brands was marked. Mainland companies sold 570,120 cars in April, a market share of 39.62 per cent. Cui Dongshu, an analyst at the China Passenger Car Association (CPCA), said on his blog that while the market for medium-priced and luxury cars would grow this year, the outlook for imported high-end vehicles and cheap sedans was dim.

10 May 2013 - 5:33am

Prada bullish despite consumer slowdown fears

Prada's sales of luxury goods continued to enjoy healthy growth in the Asia-Pacific region last year, where revenues increased by 32.9 per cent to €1.16 billion. Photo: Bloomberg

Prada remains confident about its prospects this year, despite fears of poor consumer demand in Asia because of the weakening yen and Beijing's clampdown on lavish gift-giving.

6 Apr 2013 - 4:46am

Giordano sales pushed down by weak China demand

Peter Lau expects price competition to continue. Photo: Paul Yeong

Casual clothing chain Giordano International posted a 1 per cent increase in annual revenue to HK$5.67 billion last year despite sales on the mainland and Taiwan declining amid weaker demand.

1 Mar 2013 - 5:53am

Baijiu sales hit by China's crackdown on extravagance

Baijiu is traditionally drunk during Lunar New Year. Photo: Bloomberg

Baijiu, particularly the more expensive brands, was not in great demand this festive season as a result of the central government's crackdown on extravagance ahead of the Lunar New Year, said Liu Yuan, the secretary-general of the China National Association for Liquor and Spirits Circulation. As a result, liquor retailers were heavily discounting their stock.

13 Feb 2013 - 5:33am

McDonald’s sales fall again amid weakness in Asia

The MacDonald's logo. Photo: Edward Wong.

McDonald’s says a key sales figure dropped again in January as the world’s biggest hamburger chain struggled with ongoing weakness in Japan and supply chain issues in China.

9 Feb 2013 - 7:48pm

Jewellers lose out in Beijing's anti-graft drive

Uncertainty grows over jewellery sales in Hong Kong after Beijing bans the airing of advertisements suggesting 'gift giving' before the Lunar New Year.Photo: AP

Shares of high-end jewellery and watch retailers slumped yesterday amid concerns that the anti-corruption push on the mainland would take its toll on sales of luxury goods. Emperor Watch & Jewellery, which fell the most in more than a year, ended down 7.14 per cent at 91 HK cents. Chow Sang Sang dropped 7.2 per cent to HK$20.60, while Luk Fook slid 5.6 per cent to HK$25.45.

8 Feb 2013 - 3:53am

Shanghai developers cut sweeteners as sales rise

Shui On Land's Rui Hung Xing Cheng project in Honghou saw sales rise more than 30 per cent last month. Photo: Sandy Li

Shanghai developers are cutting incentives and discounts after a strong rebound in sales in the primary and secondary market.

16 Jan 2013 - 6:06am

Singyes Solar targets 33pc surge in sales

Beijing boosted incentives for the installation of solar power panels in recent months.

Buildings curtain walls and solar power projects engineering firm China Singyes Solar Technologies aims to grow sales by a third this year, after Beijing stepped up policies to develop the nascent domestic market to counter slowing overseas sales.

10 Jan 2013 - 4:21am

Briefs, November 25, 2012

The row between ATV and Citi Telecom (CTI) has intensified, after ATV executive director James Shing Pan-yu accused CTI head Ricky Wong Wai-kay of obtaining confidential information from ATV.

25 Nov 2012 - 3:35am

Apple sets new high in mainland personal computer market share

Notebooks are key to Apple's mainland sales. Photo: Bloomberg

Apple's personal computer sales on the mainland advanced to a record high in the third quarter, allowing the technology giant to step up as the market's eighth largest computer brand.

20 Nov 2012 - 3:51am

Hong Kong estate agents beef up sales staff, networks for rush of launches

Agents brace for rush of launches.

Hong Kong estate agents are expanding their sales staff as they prepare for a rush of new property launches in the final quarter of the year.

17 Oct 2012 - 3:12am

Kerry Properties profits from strong Hong Kong sales

Kerry Properties, a developer of upmarket real estate in Hong Kong and on the mainland, posted 10 per cent year-on-year growth in net profit to about HK$3.39 billion for the six months to June 30.

24 Aug 2012 - 2:47am

Prognosis is healthy for medical sales

Andrew Hui

As the global middle class continues to grow - especially in Asia - health awareness is improving and the demand for pharmaceutical products has never been higher. Professional sales staff with good knowledge of medicine play an important role in providing medical practitioners with the latest drug developments.

20 Aug 2012 - 10:18am

Cultural awareness can avert perils and pitfalls

One point I stress when teaching EMBA students about leadership is the need for a clear process for making business decisions. This is particularly important in organisations where people from different backgrounds and cultures work alongside each other, creating the potential for simple misunderstandings or more serious conflict.

14 Jul 2012 - 12:00am