Sincere Department Store
Encyclopedia
Sincere Department Store (先施百貨) is a department store under the Sincere Company Limited and one of the oldest department chains in Hong Kong
. It is one of four major Chinese department stores (Wing On
of Hong Kong
, Sun Sun Department Store (新新公司 1926-1951) and Da Sun Company(大新公司) of China
)
and partnership with others to form the first Chinese department store in then British
Hong Kong
. Ma was inspired by his experience with retail stores in Sydney, Australia. and modelled Sincere after David Jones Limited
.
Prior to 1949, Sincere operated in China with stores in Shanghai, Nanning and Guangzhou. But with the establishment of the People's Republic of China
Sincere but theses locations were taken over by the State , along with Wing On as well as Chinese chains Sun Sun and Da Sun.
with four locations in Hong Kong (Central, Hong Kong
) and Kowloon
(Mong Kok
, Sham Shui Po
and Tseun Wan); there are Chinese location, including Dalian
. The Ma family still has a place on the corporate board (Board Chair Walter K.W. Ma, Managing Director/Executive Director
Philip K.H. Ma and board member King Wing Ma), but most day to day operations are run by non-family executives. Sincere is one of a few department stores that survived, many foreign and local firms have since disappeared.
property investment and property development
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
. It is one of four major Chinese department stores (Wing On
Wing On
Wing On is a department store company in Hong Kong.The company is currently owned by a Hong Kong listed company Wing On Company International Limited , incorporated in Bermuda...
of Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
, Sun Sun Department Store (新新公司 1926-1951) and Da Sun Company(大新公司) of China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
)
History
Founded by Ma Ying Piu in 1900 after returning from AustraliaAustralia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
and partnership with others to form the first Chinese department store in then British
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
. Ma was inspired by his experience with retail stores in Sydney, Australia. and modelled Sincere after David Jones Limited
David Jones Limited
David Jones Limited , colloquially known as DJs, is a high-end Australian department store chain.David Jones was founded in 1838 by David Jones, a Welsh immigrant, and is claimed to be the oldest continuously operating department store in the world still trading under its original name. It...
.
Prior to 1949, Sincere operated in China with stores in Shanghai, Nanning and Guangzhou. But with the establishment of the People's Republic of China
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
Sincere but theses locations were taken over by the State , along with Wing On as well as Chinese chains Sun Sun and Da Sun.
Post 1997
Since 1997, Sincere's retailing arm is mostly in Hong KongHong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
with four locations in Hong Kong (Central, Hong Kong
Central, Hong Kong
Central is the central business district of Hong Kong. It is located in Central and Western District, on the north shore of Hong Kong Island, across Victoria Harbour from Tsim Sha Tsui, the southernmost point of Kowloon Peninsula...
) and Kowloon
Kowloon
Kowloon is an urban area in Hong Kong comprising the Kowloon Peninsula and New Kowloon. It is bordered by the Lei Yue Mun strait in the east, Mei Foo Sun Chuen and Stonecutter's Island in the west, Tate's Cairn and Lion Rock in the north, and Victoria Harbour in the south. It had a population of...
(Mong Kok
Mong Kok
Mong Kok , less often known as Argyle , is an area in the Yau Tsim Mong District on Kowloon Peninsula, Hong Kong...
, Sham Shui Po
Sham Shui Po
Sham Shui Po, or Shamshuipo, is an area of Sham Shui Po District, Hong Kong, situated in the northwestern part of the Kowloon Peninsula, north of Tai Kok Tsui, east of Cheung Sha Wan and south of Shek Kip Mei. Sham Shui Po is known for its street market for electronic devices.-History:Sham Shui Po...
and Tseun Wan); there are Chinese location, including Dalian
Dalian
Dalian is a major city and seaport in the south of Liaoning province, Northeast China. It faces Shandong to the south, the Yellow Sea to the east and the Bohai Sea to the west and south. Holding sub-provincial administrative status, Dalian is the southernmost city of Northeast China and China's...
. The Ma family still has a place on the corporate board (Board Chair Walter K.W. Ma, Managing Director/Executive Director
Executive director
Executive director is a term sometimes applied to the chief executive officer or managing director of an organization, company, or corporation. It is widely used in North American non-profit organizations, though in recent decades many U.S. nonprofits have adopted the title "President/CEO"...
Philip K.H. Ma and board member King Wing Ma), but most day to day operations are run by non-family executives. Sincere is one of a few department stores that survived, many foreign and local firms have since disappeared.
Beyond Retailing
Today Sincere has grown beyond retailing and diversified it's portfolio:property investment and property development
- securities trading
- advertising agency - 360°C Advertising
- interior design - Pacific Falcon Design
- furniture manufacturing - Sincere Living Furniture
- travel agency franchising - Uniglobe Travel