Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
Luxury goods and apparel giant Kering has reported a 10.5 per cent global rise in revenues in the latest quarter, with luxury sales up 11.3 per cent and sports and lifestyle brands up 9.3 per cent. Most significantly, at a time its peers are battling falling…
And in the simultaneous divestment process for the 20-year McDonald’s China franchise rights, TPG Capital has reportedly withdrawn leaving two rival private equity firms in the race – Bain Capital and Carlyle Group – competing with two Chinese companies…
Singapore’s Michelin-starred soya-sauce chicken rice-and-noodle stall Liao Fan may be going international. Shooting to fame in July after being awarded a star by the Singapore Michelin Guide, the hawker stall says it is collaborating with brand manager…
The 11th editions of Eco Expo Asia and the HKTDC Hong Kong International Building and Hardware Fair opened today at the AsiaWorld-Expo. The opening ceremony of Eco Expo Asia was officiated by Wong Kam-sing, Secretary for the Environment of the Hong Kong…
With the holiday season fast approaching, a study report reveals that retailers around the world will experience both their highest sales and shrink distributions during this period. According to the 2016 Retail Holiday Season Global Forecast, 30% of the…
Emmi, a Swiss milk processor and dairy products company headquartered in Lucerne, plans to expand its Asian sales through a strategic partnership with internet giant Amazon. Emmi has been relatively uninvolved in Asia, with only a turnover of around CHF 20…
Organised by the Hong Kong Trade Development Council (HKTDC), the 18th HKTDC Hong Kong International Lighting Fair (Autumn Edition) opened today and continues through 30 October at the Hong Kong Convention and Exhibition Centre (HKCEC). To encourage…
Hong Kong’s first online to offline (O2O) healthy meal delivery concept, NOSH announced its latest round of fund-raising with the Alibaba Entrepreneur Fund. The investment will support NOSH in further revolutionising the food delivery and takeaway industry,…
Sa Sa profit is expected to fall 35 to 45 per cent for the six months ended September 30. The Hong Kong-based cosmetics retailer has issued a profit warning, citing a drop in both sales and gross profit margin of its Hong Kong and Macau business, weaknesses…
Group net sales grew by 1.3 per cent for cosmetics and wellbeing products retailer L’Occitane International for the six months ended September 30 This figure was at constant exchange rates, being 0.9 per cent at reported rates – both an improvement from the…
CBRE’s semiannual Global Prime Retail Rents Report found that prime retail rents grew 3.7 percent globally in the second quarter of 2016 from a year earlier, buoyed by consumer confidence in the U.S. and limited supply in Europe’s top retail markets.…
Current retail thinking that the high and the low ends are driving the industry has gotten a boost from CBRE Group. High street rents are off the charts worldwide, according to company’s just-released Global Retail Rents report. Rents in prime shopping…
The data may be a little dated, but Asian cities are holding their own in the retail rent rankings. New York’s Fifth Avenue still tops the list with an average rent of US$3500 per sqft per year. Hong Kong’s Causeway Bay is cemented in second place at $2399…
Hong Kong mobile operator SmarTone is extending its 4G coverage to two new MTR rail network extensions. The operator announced it has provided full turnkey multi-operator integrated radio systems to the new Kwun Tong Line Extension, covering the Whampoa and…
Zurich Insurance has launched a solution in Hong Kong and Singapore which provides risk-assessment services and protects businesses against the risks associated with supply chain disruptions. Called Zurich Supply Chain Insurance, the product is the…
Bubble tea brand Gong Cha Korea is planning international expansion. Aided by the global passion for Hallyu, or the so-called Korean Wave, Gong Cha plans to open stores in the Middle East and Europe. It will also buy more than 1380 stores in 18 countries,…
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