Sincere Department Store

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Sincere Department Store (Chinese: ????; pinyin: Xi?nsh? B?ihuò; Wade-Giles: Hsien-shih Pai-huo) is a department store under the Sincere Company Limited and one of the oldest department chains in Hong Kong. Prior to 1949, its largest operation was in Shanghai, and along with Wing On (which survives in Hong Kong), Sun Sun (???? 1926-1951) and Da Sun (????) was one of the "four great department stores" of Shanghai, and therefore, China generally.

Video Sincere Department Store

History

Founded by Ma Ying Piu in 1900 after returning from Australia 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. and modelled Sincere after David Jones. Now, the company is owned by the Ma family.

Prior to 1949, Sincere operated in China with stores in Shanghai, Nanning and Guangzhou. But with the founding of the People's Republic of China these locations were taken over by the Communist state, along with all other private companies in the country.

Maps Sincere Department Store

Post 1997

Since 1997, Sincere's retailing arm is mostly in Hong Kong with four locations in Hong Kong (Central: Li Po Chun Chambers;Causeway Bay: Percival Street) and Kowloon (Mong Kok: Grand Century Place; Mong Kok: Kingwah Centre; Sham Shui Po: Dragon Centre;Yau Tong: Domain(Yau Tong); and Tsuen Wan: Citywalk 2); 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.