Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
South Korean fashion brands are featuring in an online pop-up store on regional sites of online fashion portal Zalora. It’s all part of a concerted bid to expand recognition of Korean fashion bards across the broader Asia-Pacific region. Launched in…
More than 50% of local internet users believe it is important for the government to transform Hong Kong into a smart city, according to a HKIRC survey. Hong Kong internet users believe that a smart city transformation will help them save time (79.6%), enhance…
The Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC) today have given in-principle the approval of the structure of the proposed Shenzhen-Hong Kong Stock Connect. The project will provide mutual stock market access…
The Swedish fast-fashion brand, H&M has set September 10 as launch date for its beauty line in Asia. After making its debut late last year, H&M beauty line will come to its Asian customers this September, with Singapore as the first destination. The first two…
Shopping malls generate HK$1.3b rental income for Swire Properties Swire Properties (1972) shopping malls including The Mall at Pacific Place, Cityplaza in Taikoo Shing and Citygate Outlets at Tung Chung generated gross rental income of HK$1.35 billion in the…
7-Eleven Inc., the largest convenience retail chain in the world, keeps getting bigger with the opening of its 60,000th global store. The Irving-based company traces its roots to the 1927 opening of Southland Ice Co. in Oak Cliff, Texas. In 1946, with stores…
Watsons stores account for the bulk of more than 1000 new stores to be opened by parent CK Hutchison this year. Hutchison said in its six month results released Friday it has added 257 stores to its global network already this year and 800 more would open by…
Hong Kong based AsiaSat has reported largely flat profit and revenue for the first six months of 2016 amid challenging market conditions. The satellite operator reported revenue for the half-year period of HK$640 million ($82.5 million) and profit…
Hong Kong’s property market has yet to stabilize and could fall by 5-10% in the second half of the year, according to leading developer Wheelock. “Given the global uncertainties arising from Brexit and volatility in the currency market and oil prices, a 5-10%…
Lifestyle International (1212) non- executive chairman Thomas Lau Luen- hung said the company is looking to open a third SOGO department store in Hong Kong and expects the investment to be no less than HK$5 billion. There are so far two SOGO branches in Hong…
Circle K Hong Kong sales rose 4.7 per cent in the first half of this year, defying the retail downturn. Parent Convenience Retail Asia has reported an overall turnover boost of 3.4 per cent to HK$2.339 billion. Same-store sales grew 5.2 per cent year on year…
Building on the global success of the sharing economy and its poster child Airbnb, a team of experienced entrepreneurs is building GuestReady.com to professionalise hosting on home-sharing platforms. The service, which is aimed at busy Airbnb hosts launches…
Organised by the Hong Kong Trade Development Council (HKTDC), four concurrent fairs opened today at the Hong Kong Convention and Exhibition Centre (HKCEC); the 27th Food Expo, the eighth Hong Kong International Tea Fair, the third Home Delights Expo and the…
Michael Kors Asia sales are showing healthy growth – at the same time as same-store figures are falling heavily in its US home market. Michael Kors has kicked off its new financial year with a weak set of numbers this week. Total revenue was virtually flat,…
Cushions with cartoon dogs on, neatly rolled towels and fresh flowers are the small details that mean the most for Airbnb guests and hosts. For one host in Hong Kong, those personal touches are replicated across 52 listings, including at least 31 flats in one…
Findings from the latest Economic Impact Study on the contribution of Hong Kong’s exhibition industry to the economy in 2014, released today, contained encouraging news for the industry and for Hong Kong. Overall, the study reveals that the exhibition…
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