https://www.scmp.com/rss/116220/feed Founded in 1900, The Sincere Company Ltd is one of Hong Kong’s oldest retail groups, and operates four four department stores in Hong Kong. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Leopold Chen,Connor Mycroft Leopold Chen,Connor Mycroft Loyal customers and bargain hunters crowded a landmark department store in Hong Kong on Sunday as it closed its doors after three decades of operations. The closure of Sincere Department Store’s Sham Shui Po branch, a neighbourhood fixture for 30 years, leaves the chain with only two remaining outlets. Founded in 1900, Sincere was the first Chinese-owned department store in Hong Kong and remains one of the city’s oldest retail groups. Its branches in Mong Kok and Central continued to operate. On... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3338695/hongkongers-flock-say-goodbye-landmark-sha-shui-po-department-store-closes?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3338695/hongkongers-flock-say-goodbye-landmark-sha-shui-po-department-store-closes?utm_source=rss_feed Sun, 04 Jan 2026 15:43:03 +0000 The Sincere Co expects its department store operation will turn around this year due to the retail boom after suffering seven consecutive years of losses. Managing director Philip Ma King-huen said sales for three of its Sincere department stores have registered 20 per cent increases in the first five months compared with a year ago. 'Our department stores business will probably return to the black,' he said. He was upbeat about the firm's second-half performance as it would be the peak... https://www.scmp.com/article/511134/sincere-believes-seven-year-losing-streak-over?utm_source=rss_feed https://www.scmp.com/article/511134/sincere-believes-seven-year-losing-streak-over?utm_source=rss_feed Fri, 05 Aug 2005 16:00:00 +0000 SELWYN Mar will resign as director of Sincere Co and all its subsidiaries and associates, effective December 31, and as general manager of Shanghai Sincere Co on September 30. A statement issued by Sincere last night said the board received his resignation notice last Wednesday. Sources earlier had said he would resign once a replacement was found. Howewer, the announcement did not say who would succeed Mr Mar or why he resigned. Before the announcement, there was speculation Mr... https://www.scmp.com/article/88487/mar-resign-sincere-director?utm_source=rss_feed https://www.scmp.com/article/88487/mar-resign-sincere-director?utm_source=rss_feed Wed, 14 Sep 1994 16:00:00 +0000 DESPITE a higher turnover, Sincere Co saw a drop in its interim after-tax profit by about five per cent to $26.23 million. Turnover went up by seven per cent to $299.48 million for the six months to August 31, from $279.56 million in the same period a year ago. Directors said the result was ''within expectations'' and the company was undergoing a ''period of consolidation''. https://www.scmp.com/article/54662/sincere-sees-5pc-drop?utm_source=rss_feed https://www.scmp.com/article/54662/sincere-sees-5pc-drop?utm_source=rss_feed Mon, 06 Dec 1993 16:00:00 +0000 THE Institute of Chartered Secretaries has stepped into the Sincere Co pay scandal, calling for the company directors' fitness to lead a listed company in Hong Kong to be examined. The professional body suggests that under Hong Kong law the controversial payment to directors of a total $115 million may constitute a sham transaction and be prejudicial to the interests of the shareholders. In a strongly worded editorial article to be published in the September issue of its magazine Company... https://www.scmp.com/article/39719/sincere-payments-lambasted?utm_source=rss_feed https://www.scmp.com/article/39719/sincere-payments-lambasted?utm_source=rss_feed Sun, 08 Aug 1993 16:00:00 +0000 SINCERE Co has agreed to purchase 81,000 square feet in the 650,000 sq ft Man Lok Godown Centre in Hunghom. The price has not been disclosed, but is believed to be about $100 million. Sincere would occupy the entire 11th and 12th floors, with an option on the 10th floor, said a spokesman for agent Richard Ellis. The 16-storey centre, developed by Evergo International Holdings, is between 60 and 70 per cent occupied. https://www.scmp.com/article/39165/sincere-purchase?utm_source=rss_feed https://www.scmp.com/article/39165/sincere-purchase?utm_source=rss_feed Tue, 03 Aug 1993 16:00:00 +0000