Retail in Asia

In Sectors

HK’s Swire Resources pins growth hopes on smaller Chinese cities

Hong Kong sportswear retailer Swire Resources, operator of Marathon Sports, GigaSports, and Catalog, expects its Mainland Chinese business to contribute a growing share of revenue as it opens more outlets in second- and third-tier cities in China.

"We are confident we will achieve more than 10 percent growth in turnover in Hong Kong and 30 percent or even more in Mainland China this year," says Tam Lai-man, Managing Director of Swire Resources. The retailer currently has more than 200 stores in Hong Kong, Macau and Mainland China.

To view the full article (note: you must be an subscriber), visit