date:Aug 23, 2013
nsumer sentiment are both likely to be affected by the volatile global economy, CRE said in the statement on Tuesday.
The overall economy is not good and the consumer price index has been pretty low and that hurt their retail business, said Charlie Chen, a Hong Kong-based analyst at BNP Paribas Securities Asia.
Profit in CRE's retail division, which includes its hypermarkets and coffee shops and accounted for more than half of the company's earnings in the first half, dropped 64 percent to HK$