SPAR Canada and ReposiTrak Launch Touchless Retail™ for the Canadian Market to Deliver Professional Merchandising at Half the Traditional Cost
New fixed-rate merchandising and demand-driven automated ordering program is adapted to Canada’s concentrated retail landscape, vast geography and bilingual compliance requirements SPAR Canada, the Canadian operating arm of SPAR Group (OTCQB: SGRP), and ReposiTrak (NYSE: TRAK) today announced the Canadian launch of Touchless Retail™, an in-store merchandising program that gives Canadian brands…
Retail properties owned by prominent Hong Kong investors have been offloaded at a loss due to falling prices and banks enforcing strict debt collection policies. Centaline Commercial managing director Stanley Poon Chi-ming stated that retail property prices have dropped 30 to 70 percent since their 2018 peaks, resulting in losses for many sellers.
This has forced property owners to sell at low prices to meet mortgage shortfalls and repay their loans, leading to financial distress and defaults. Veteran investor Yeung Fun-bun recently sold a ground-floor shop at 250 Castle Peak Road for HK$22.8 million, a 58.5 percent reduction from its 2018 listing price. Another investor, Choi Pak-nang, incurred a HK$36 million paper loss on a ground-floor shop in Mong Kok after 14 years of ownership.
Property owners facing financial pressures are selling at lower prices, with some banks even taking possession and selling the properties as foreclosed properties.
Written by urgent.news from SCMP Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
