Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
Hong Kong’s SmarTone has contracted Ericsson as its sole supplier for core and RAN equipment over the next five years, as part of a partnership aimed at paving the way for 5G deployment. The companies plan to conduct early trials and pilot deployments of key…
US apparel brand Brooks Brothers has opened a flagship store at Gateway Harbour City in Tsim Sha Tsui, as well as a concept store at Times Square, Causeway Bay. Brooks Brothers is known for creating the button-down collar and seersucker suits, and its new…
HKBN has expanded its relationship with broadcaster TVB covering the delivery of TVB’s myTV SUPER set-top box service. The operator has ordered an additional 450,000 set top boxes from TVB to meet customer demand, and has raised its target for the number of…
While China’s economy goes through a sluggish patch, internet shopping mall giant Alibaba Group has announced a sparkling quarter in which profit beat expectations, its fledgling cloud computing business more than doubled sales, and its entertainment income…
Singapore-based Japanese restaurant chain Japan Food Holding achieved 10.8 per cent growth in net profit for the six months to September 30. This took its net profit to S$2.7 million (US$1.95 million) on the back of a 5.5 per cent increase in revenue to…
The heavy rate of decline in Hong Kong retail sales may be over, with September figures showing a relatively small contraction. According to data released by the Census and Statistics Department (C&SD), the value retail sales in September, provisionally…
Siam Makro, which runs the Makro cash-and-carry store chain, has clinched a 3-billion-baht (US$85.75 million) deal to acquire four food companies. Through its wholly owned subsidiary Siam Food Services, Siam Makro has entered into an agreement to acquire an…
Rebounding luxury goods sales in Mainland China and improvements in Hong Kong have boosted third-quarter Hermes results. Analysts are pointing to these and last week’s strong Kering numbers in tipping the worst may now be over for both luxury markets. Hermes…
A former Executive Director, Wealth Management at UBS, Singapore, has crossed the street to take up a senior role with rival HSBC Private Bank. In a statement HSBC Private Bank said: «We can confirm the appointment of Shang-Wei Chow as a Market Head, Domestic…
Showcasing innovative fintech solutions that leverage artificial intelligence, blockchain technology, gamification and more, the founders of seven startups from Hong Kong and around the world met with hundreds of potential investors at DBS Accelerator Demo…
Nothing lasts forever. Fashion retailer Forever 21 is to withdraw from its Causeway Bay mega flagship store, billed as the most expensive commercial store by rent in Hong Kong. The iconic location on Jardine Crescent, which serves as a meeting point for young…
Jollibee Foods (JFC) has opened the 991st branch of its flagship brand Jollibee in the Philippines, in the Ma-a area of Davao. It marks the start of its countdown to its 1000th store, to be unveiled in the first quarter of next year. Its expansion is spread…
Airport Authority Hong Kong (AA) has launched tenders for two anchor retail licences of liquor and tobacco concession and, perfume & cosmetics and fashion accessories concession in Hong Kong International Airport (HKIA). Over the past years, the AA has been…
Personal care retailer Watsons Personal Care Store (Philippines) Inc. is expanding its branch network by boosting its presence both in shopping malls and community locations. The company recently opened its 500th store and chose to celebrate this achievement…
While Asia Pacific millennial consumers shop online, only physical stores and particularly shopping centres give them the experiences and social elements they want, says a new report. Millennials shop online an average of 4.7 days a month, but visit shopping…
Hong Kong Broadband Network’s new Mobile Services MVNO division has launched a line of Greater China 4G plans for corporate customers who frequently travel between mainland China, Hong Kong, Macau and Taiwan. The new mobile plans include data allocations…
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