All Hong Kong articles – Page 2
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OpinionComment: Does Hong Kong still appeal to retailers?
For European retail, consumer and luxury goods companies looking to launch IPOs, the Hong Kong Stock Exchange (HKEx) once had tremendous appeal.
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News
Esprit appoints new chief executive officer
Listed clothing retailer Esprit has appointed Jose Manuel Martínez Gutiérrez as its new chief executive officer.The appointment, effective from the end of September, comes after the resignations in June of Esprit’s chief executive Ronald van der Vis and chairman Hans-Joachim Körber.Martínez was most recently group director of distribution and operations ...
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News
H&M to close flagship Hong Kong store
Swedish fashion retailer H&M plans to close its flagship store in Hong Kong, according to the The Wall Street Journal.The 30,000 sq ft shop will shut in autumn 2013 and be replaced by one operated by rival clothing retailer Zara.H&M spokeswoman Cher Chui said the retailer had been unable to ...
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AnalysisAnalysis: What does Sainsbury’s e-book acquisition mean for the market?
Sainsbury’s raised eyebrows this morning with the announcement of its acquisition of the 64% stake HMV had in etailer and social media platform Anobii.
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AnalysisHow to attract international shoppers
As a big summer of tourism approaches, Alison Clements finds out why the UK has such appeal to international shoppers, what they like to buy and how retailers can attract them.
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News
Beauty retailer Sa Sa reports sales increase
rise of 28.9% to HK$1.81bn (£152.1m) for the third quarter ended December 31, 2011. Sales soared 25.9% (20.7% on a like-for-like basis) in Hong Kong and Macau. Chairman and chief executive Dr Simon Kwok said of the performance: “The group remains cautiously optimistic on the retail sector of the Asian ...
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News
Gap launches flagship Hong Kong store
Gap has launched its first flagship in Hong Kong, the fashion retailer’s ninth store in Greater China. The shop spans more than 15,000 sq ft over four floors on Queen’s Road in Hong Kong’s Central District. In addition to Hong Kong, the company will open stores in Shanghai, Hangzhou and ...
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News
Sales uplift for Sa Sa International
Beauty retailer Sa Sa International generated a sales uplift of 32.7% to HKD2.79bn (£226m) for the six months ended September 30. The performance benefited from a strong performance in Sa Sa’s core Hong Kong and Macau market, with like-for-like sales rising by 24.1%.The retailer said the increase was driven mainly ...
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News
AS Watson reports total revenue rise
AS Watson reported total revenue rose 17% to HK$67.23bn (£5.28bn) in the first half to June 30. The health and beauty, and grocery retailer reported EBIT increased 25% to HK$3.55bn ($456m), which the company attributed to the management’s strong commitment to improving operating efficiencies, reducing inventory levels, increasing centralised purchasing ...
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News
Sales rise for Beauty retailer SaSa
Beauty retailer SaSa’s sales rose by 34.6% for its first quarter ended June 30, 2011.Like-for-like sales growth in Hong Kong and Macau was 26.3%. Other markets (comprising Mainland China, Singapore, Taiwan and sasa.com) had a year-on-year growth of 21.4%.
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NewsBurberry plots store refits and international flagship openings
Luxury retailer and brand Burberry is to plough £80m into store refurbishments this year and focus on high-profile flagship openings after reporting a surge in profits.
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News
Dairy Farm sales rocket 13.2% to £5.6bn
Dairy Farm experienced a solid 2010 fiscal year as “favourable trading conditions persisted in its Asian markets”.For the year ended December 31, 2010 total sales, including those from associates, rocketed 13.2% to $9.1bn (£5.6bn). Net profit jumped 12.9% to $411m (£253m).Dairy Farm continued to expand organically and through acquisitions in ...
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News
Hutchison Whampoa reports sales for its retail division grew 8% to £4.63bn
AS Watson’s parent, Hutchison Whampoa, has reported sales for its retail division grew 8% to HK$57.5bn (£4.63bn). EBIT increased 52% (54% in local currencies) to HK$2.8bn (£226m). The group reported weak consumer sentiment in some of its operating markets, but attributed the profit improvement to top line growth through organic ...
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News
Dairy Farm sales up 13%
Pan-Asian retailer Dairy Farm delivered a total sales rise of 13% to HK$4.3bn (£375m), for the six months ending June 30.Net profit was up by 17% to HK$181m (£16m).During the period Dairy Farm continued its expansion, adding 127 outlets to reach 5,198. Acquisitions agreed in Malaysia and Singapore will add ...
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News
Sa Sa profit up 20.6%
Asian beauty retailer Sa Sa reported group turnover for the year ended March 31 rising 13.9% to HK$4.11bn (£350.7m). The group’s profit for the year grew 20.6% to HK$381.1m (£32.5m).In Hong Kong and Macau, the group’s turnover increased 10.3% to HK$3.29bn (£280.8m). Sales in mainland China market increased 61.3% while ...
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NewsMarks & Spencer opens first Hong Kong food store
Marks & Spencer opened its first Hong Kong standalone food store today after a successful trial of its Food to Go range in four shops there.
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News
AS Watson total revenues down 2%
Total revenues at Hutchison Whampoa’s AS Watson retail division shrank 2% to HK$116.09bn (£9.81bn) for the 2009 full year, but climbed 5% on a constant currency basis.However, EBIT soared 30% to HK$5.69bn (£480.7m) due to continued improvement in costs, operational efficiency and cautious expansion. AS Watson plans to double its ...
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News
Deal between Suning and Citicall Retail Management
Suning, one of the leading electrical appliance retailers in China, has struck a deal to buy Hong Kong-based Citicall Retail Management for $4.5m (£2.76m), sources reported. Suning is due to complete its takeover of Citicall Retail Management by March. The Shenzhen-listed enterprise wants to extend its presence in Hong Kong ...
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News
China Resources Enterprise posted a 9.6% turnover increase
Grocer China Resources Enterprise posted a 9.6% turnover increase to HK$18.98bn (£1.5bn) at its retail division for the first half ending June 30, although profit attributable to shareholders fell 27.7% to HK$276m (£21.8m).Managing director Chen Lang said: “We will continue to focus on our core businesses in order to solidify ...
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NewsJaeger to make Hong Kong debut
Fashion retailer Jaeger is extending its international reach with plans for its first Hong Kong opening in September.
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