Entries Categorized as 'Macau Retail'
February 23, 2008
The value of retail sales for the fourth quarter of 2007 was estimated at MOP4.2 billion (US$525 million). Retail sales of watches, clocks & jewellery took the largest share of 17% of the total, which was followed by sales of motor vehicles (13%), goods in department stores (12%), goods in supermarkets (9%) and adults’ clothing (9%).
The value of retail sales in the fourth quarter of 2007 registered an increase of 16% compared with the MOP3.6 billion in the preceding quarter. As against the MOP3.0 billion sales in the fourth quarter of 2006, the value of retail sales in this quarter grew remarkably by 40%.
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Posted in Macau News, Macau Retail, Macau Tourism, Shopping 
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February 21, 2008
Asia’s first Manchester United merchandising store opened its doors yesterday to a throng of fans and media pushing for a glimpse of retired star Ole Gunner Solskjaer. Many of the more than 150 local and Hong Kong fans waited for more than four hours for the former English Premier League star to open the first floor of the almost 1,400 square metre “Manchester United Experience”.
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Posted in Cotai Strip, Macau Events, Macau Retail, Macau Tourism, Man U Experience, Venetian Macao 2 Comments »
November 9, 2007
May 24, 2007
After Lisbon, Luanda, Maputo and Praia, the capital of Guinea Bissau, Bissau could be the next step for Macau businessman Stanley Ho and his holding company Geocapital, created in order to invest in Portuguese-speaking countries.
The “king” of Macau and Lisbon’s gaming sector is focused on Caravela Island, in the Bijago’s archipelago, which is considered by UNESCO to be an Ecological Biospheric Reserve, where Ho wants to set up a tourist resort with a casino, according to the Africa Monitor newsletter.
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Posted in Construction, Economy & Business, Employment, Hengqin Island, Macau Property, Macau Real Estate, Shopping, eSun No Comments »
April 28, 2007
Morgan Stanley strategist Rob Hart is cautious about Macau gaming stocks.
Competition is intensifying as established casino operators compete in a relatively small area, but at the same time new casinos are creating job opportunities which are going to boost Macau’s residential property sector, according to a Morgan Stanley strategist.
Additional casinos, retailers and hotel spaces in Asia’s Las Vegas will outstrip demand over the next three years, the US investment bank argues in a research report. VIP revenue per table will halve and mass revenue per table will fall 40% over the coming three to four years.
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Posted in Macau Casino, Macau Gaming, Macau Property, Macau Retail, Singapore Casino No Comments »
April 26, 2007
Here are snippets as reported by Bloomberg outlining the poor performance of shopping malls in China. Surely this is going to affect Macau as well and must send off warning bells to the developers planning shopping center here. Macau is China after all and most of the rules apply here as 60% of the visitors are mainland Chinese.
The world’s largest shopping center looked almost deserted on a recent afternoon. While schoolchildren rode the sidewinder and roller coaster, there were few shoppers and fewer tenants at South China Mall in central Dongguan, a city of six million north of Hong Kong.
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Posted in Economy & Business, Macau Business, Macau General, Macau Retail, Shopping No Comments »
April 23, 2007
Ahead of the 86,000 sq. ft. DFS (Duty Free Shoppers) store at the new Four Seasons in Cotai, Charles David, Managing Director of DFS Hong Kong urged the audience at the Asia/Pacific Travel Partnership Symposium to work together to promote Macau with one collective voice.
The challenges for Macau are in working out a promotional strategy, extending average lengths of stay and manpower, he said.
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Posted in Cotai Strip, Macau Business, Macau General, Macau Retail, Shopping, Social and Politics, Venetian Macao No Comments »
April 17, 2007
Tourist Price Index (TPI) for the first quarter of 2007 was 126.68, up by 3.63% over the previous quarter. All the section indices moved upwards. Attributable to price increases of jewellery and watches, the index of Miscellaneous goods rose most significantly by 5.78%. On account of the higher price of air ticket, the index of Transport and communications went up by 3.71%. The indices of Restaurant service and Accommodation increased by 3.66% and 2.90% respectively, due to upward prices of restaurant food and hotel rooms during the Chinese New Year.
Compared with the first quarter of 2006, TPI rose by 9.91% in this quarter, with notable increases in the indices of Miscellaneous goods (+18.98%), Accommodation (+14.03%), and Clothing & footwear (+7.84%). The average TPI for the last 4 quarters ended in the 1st quarter of 2007 increased by 9.93% over the previous period.
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Posted in Economy & Business, Macau General, Macau Retail, Macau Tourism, Social and Politics, Travel No Comments »
