Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
CapitaLand Limited has today announced a second half after tax group profit of S$464 million – 5.8 per cent up on the same period last year. The property giant, which derives 80 per cent of its revenue from Singapore and China, has a portfolio including…
British luxury apparel brand Burberry has opened two more Beauty Box stores in greater China. It follows the opening of Beauty Box’s first Asian store in Korea last December in Seoul’s Coex Mall. Burberry Beauty Box concepts are now trading in Hong Kong and…
Tag Heuer is to close one of its Hong Kong stores as it battles high rents and falling sales. Tag Heuer Hong Kong’s Causeway Bay store on Russell St will close soon, according to Jean-Claude Biver, the head of Tag Heuer’s parent LVMH’s watch unit. While local…
Jeweller Chow Tai Fook has reportedly re-signed a retail shop rental lease at a 40 per cent reduction. It’s a rent reduction which will energise the retail sector, but not doubt send shivers through Hong Kong’s property community. Several listed luxury…
Department store operator Lifestyle International says its Sogo department stores in Causeway Bay and Tsim Sha Tsui helped it achieve a 15.1 per cent boost in first half year profit. In the six months to June 30, group turnover increased 6.6 per cent to…
French fashion label Maison Kitsune has opened its first permanent store in Hong Kong. Kitsuné is a French electronic music record label and fashion label created in 2002 by Gildas Loaëc, Masaya Kuroki and the London-based company Åbäke. Kitsune is the…
Reports from Korea suggest Lotte Group has lost more than 1 trillion won (US$853 million) in China in just three years. Data assembled by CEO Score shows Lotte China made heavy losses between 2011 and 2014 as South Korea’s fifth largest company struggled to…
Hong Kong retail sales are not as depressing as many luxury retailers would have us believe. Figures for June released unusually late in the day on Friday show a year on year decrease of just 0.4 per cent, a figure low enough to adjust the first half year’s…
Uniqlo has announced a global collaboration with Disney Consumer Products, dubbed Magic For All. The initiative will see characters from Disney’s brands, including Marvel action, Star Wars adventure and Pixar creativity to everyday Uniqlo LifeWear fashions…
China Finance Online Co. Limited (“China Finance Online”, or the “Company”, “we”, “us” or “our”), a leading web-based financial services company that provides Chinese retail investors with online access to securities and commodities trading, wealth management…
Retail rents in Hong Kong have long been among the most expensive in the world, but for years the high operating costs have been worthwhile. Luxury brands could capture not only the highly sophisticated local shoppers, but also mainland Chinese and other…
Boosted by recent innovations, the aquarium industry is experiencing a period of rapid development in China both for export and the domestic market, urging the need for a modern, reliable trade platform that listens to the professionals and understands the…
Hong Kong retail sales fell for the fourth straight month in June as a drop in tourist arrivals continued to hit sales of big-ticket items such as jewellery and watches. Retail sale slipped 0.4 per cent from a year earlier in value terms to HK$37 billion…
From its base in Hong Kong, Hang Seng tops Bloomberg Markets’ ranking of the world’s strongest banks for the second year in a row —by being everything HSBC isn’t. While the two share roots in Hong Kong, HSBC embarked on a global expansion to become Europe’s…
Using extreme measures, the Chinese regime eventually managed to stabilize the stock market crash that started in mid-June, during which both the Shanghai and Shenzhen stock market indices fell more than 30 percent in three weeks. While many retail investors…
Tmall Global, part of the Alibaba Group B2C Tmall.com business in China is celebrating its relatively new partnership with The Shilla Duty Free and The King Power International Group of Thailand. As reported last May, the trio are aiming to enhance the duty…
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