Retail
Li Ning’s earnings drop 49% to RMB 294m in 1H11
HSBC projects its net profit will plunge 55% in 2011.
Li Ning’s earnings drop 49% to RMB 294m in 1H11
HSBC projects its net profit will plunge 55% in 2011.
China to outgrow Hong Kong in luxury markets: report
The growth of luxury markets in China will outperform Hong Kong in the long term, based on a financial report.
Recall of Neurolite for Inj with Buffer Vial
The Department of Health instructed a licensed drug importer, Global Medical Solutions, to recall two batches of Neurolite for Inj with Buffer Vial...
Three reasons why mainland tourists shop in Hong Kong
HSBC cites the reasons why mainland tourists have been flocking to the country to satisfy their shopping needs.
Long live the “walking ATM’s”: Hong Kong's retail sales surge 24%
HSBC says the high demand is driven by the “walking ATMs”, or the Chinese mainlanders who pay with cash.
Sun Art Retail Group profit up 41.5%
The hypermarket operator, which debuted in Hong Kong trading in July, reported $122.7m profit for the first half of 2011.
Retail sales value up to over $35b
The value of total retail sales in July 2011 increased by more than 29% compared to the same period in 2010.
Golden Shield profit up 2.9% to RMB48.8mn
The group focuses on expanding business of higher profit combed cotton yarns.
AEON Stores profit up 90% TO HK$219mn
The group looks forward to opening at least eight new stores in the coming months in Hong Kong.
Eternite earns HK$100mn via placing and subscription pacts
62mn shares and subscription of 73mn shares by founder of Larry Jewelry strengthened the company’s capital base to accelerate development of retail...
US retailers expanding in HK will push shop rents up
Shop rents in the Central business district could rise almost 50% by 2014.
LEE KEE first half profit up 157% HK$26mn
The company continues to fortify all areas of operation to ensure further development in the future amidst volatility in the global economy.
Bonjour Holdings profit up 67%
Profit amounted to HK$496m.
Daphne International targets 15% growth in same-store sales
The projected year-on-year rise will counter increasing expenses.
Mid-Autumn Festival gift sets made available
Hongkong Post announced that new 2011 Mid-Autumn Festival gift sets will be available under the Mainland-Hong Kong-Macau Gift Fulfilment Service...
Customs arrests 12 for selling pirated textbooks
Customs seized 185 suspected pirated textbooks and arrested 12 people during a raid seven second-hand book shops.
Heavy metal-tainted Chinese medicines recalled
The Department of Health warned against buying three proprietary Chinese medicines, namely, Specific Hou Ton Qing, Bi Yan Pian and Pe Min Kan Wan.
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