Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
Asia has led a decline in global sales for US jeweller Tiffany & Co in both the first half year and the second quarter periods to July 31. Same-store Tiffany sales plunged 13 per cent in the six months in Asia-Pacific – excluding Japan where they rose 10 per…
Outbound shipments of Korean food, beauty, fashion and personal care products soared in the first half of the year on the back of the growing popularity of the Korean Wave, or hallyu. Official data released today by the Korea International Trade Association…
DJI, the world leader in unmanned aerial vehicle technology, said Monday it will soon open a flagship store in Hong Kong featuring flight cages, experience zones, an aerial photo gallery, technical support center and DJI’s full range of consumer and…
The Italian-headquartered, Hong Kong-listed luxury brand says its Asia Pacific sales slumped 18 per cent on a constant currency basis in the first half of this year. “The negative economic backdrop continued to impact performance in both Hong Kong and Macau,…
Hong Kong’s SmarTone has reported a 15% slump in net profit for the financial year ending in June, as the company felt the brunt of the ongoing maturation of the smartphone market. Net profit declined to HK$797 million ($102.7 million), as handset earnings…
Privacy commissioner for personal data Stephen Kai-yi Wong has urged Hong Kong residents to vigilantly keep control of their personal data in wake of the Hong Kong Monetary Authority’s (HKMA) decision to grant Stored Value Facilities (SVF) licensesto five…
Italian fashion brand Prada is suffering from shrinking demand in its largest market of China, with a 20%-plus drop in first-half sales dragging down overall profit to the same degree. The Hong Kong-listed, Milano-based company announced late Friday that net…
CENTRESTAGE, a brand new fashion promotion and launch platform, will be held from 7 to 10 September at the Hong Kong Convention and Exhibition Centre (HKCEC). Organised by the Hong Kong Trade Development Council (HKTDC), the trade show will feature some 200…
Korean beauty brand Innisfree China, known for its natural ingredients, has come up with a fresh idea to promote its new store in Shanghai Disneyland. Using the “Jeju flying bike”, it is offering customers a virtual visit to the company’s home base of Jeju…
Though its population of 7.5 million is equal to that of a mid-size mainland Chinese city like Hangzhou, Hong Kong makes up for lack of people with strength in its financial markets. And news today that the Hong Kong Monetary Authority has issued stored value…
Multibrand fashion group VF Corporation sees Asia – and especially China – as the primary driver of growth in the years ahead. VF Corporation brands include Vans, Kipling, Lee and The North Face. The US-headquartered company says it is focused on expanding…
Cosmetics maker Estee Lauder has forecast a lower-than-expected profit for the full year, hurt by fewer customer visits to department stores and uncertainties in some markets. “We believe the risk of other economic and political disruptions will remain high…
A new fashion app, New Arrival, aims to introduce Chinese travellers abroad to lesser-known boutiques abroad. The New Arrival app serves as a platform and guide for brick-and-mortar stores Chinese shoppers might otherwise miss in their travels. Founded by…
Hong Kong’s wealthiest man is putting his tallest building in the city up for sale, garnering bids from several Chinese buyers that point to the increasing trend of mainland companies with deep pockets snapping up local assets. Li’s Cheung Kong Property…
With vacancy at less than 1% in Hong Kong’s prime shopping malls, is it any wonder why brands, particularly those new to the market, are opting to grab a slice of the action by entering the market by doing a pop-up store. So what is a pop-up? Pop-up retail,…
While expecting a leap in profit because of a special circumstance, clothing retailer Bossini International Holdings had a “significant” decrease in revenue for its latest year of trading. The group reports an expected jump in profit ranging from 147 to 157…
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