Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
In recent months, certain areas of Hong Kong have become noticeably less crowded with gaggles of visitors from China towing sizeable suitcases. Anecdotal observations indicate the local tourism industry is experiencing one of its periodic slowdowns. Official…
Japan is starting to lose its edge as a shopping holiday destination for Mainland Chinese. Mainland Chinese shoppers are likely to become increasingly discouraged by the rising value of the Japanese yen against the yuan, according to analysis by Nikkei and…
Integrated development Chengdu IFS has won the overall 2016 VIVA (Vision, Innovation, Value, Achievement) Best-of-the-Best Design and Development Award, presented in Las Vegas by the International Council of Shopping Centers (ICSC). Honouring shopping centre…
Hong Kong retail sales continued to shrink last month with a 5.7 per cent year-on-year decline in sales, according to the MasterCard SpendingPulse Hong Kong Report. The MasterCard data precedes the official government retail sales statistics which are due out…
Chinese tourists’ consumption in Japan has begun to wither in the face of a strengthening yen, setting up Hong Kong to recapture spending that has moved elsewhere in recent years. Affordability is key A country appeals more to foreign travelers as its…
As well as opening a Blancpain Osaka shop-in-shop, the Swiss watchmaker has a new flagship boutique on one of Hong Kong’s busiest streets. Blancpain’s new Japanese concession is inside the Hankyu Department Store Umeda Main Store, on its seventh-floor…
Hong Kong International Airport (HKIA) has issued an invitation to tender for a luxury brand boutique concession. The proposition is for a global luxury brand retailer to operate a 170sqm unit, located airside in the T1 East Hall, Level 6. In the first two…
Retailers are still looking for growth across borders, with Asia a particular interest to many. Nevertheless, high eCommerce investments have slowed down the international expansion, according to real estate consultant CBRE‘s “How Global is the Business of…
Hong Kong based on-demand delivery app Lalamove has successfully secured USD 10 million with the help of a new Thai investor, along with the company’s existing investors. Thai financial and investment services company, Asia Plus Group Holdings has invested in…
Burberry prices are too high in China and Hong Kong and the brand must make cuts if it wants to arrest falling sales in the region says a retail analyst. Last week the UK-headquartered luxury fashion label reported its second consecutive drop in earnings,…
Feeling the pinch from a tough trading environment, luxury goods retailer Richemont has announced restructuring measures, including the closure of stores. Richemont Asia sales have declined despite a 26 per cent increase in sales in Mainland China. Global…
The new Toys’R’Us Asia-Pacific president is Andre Javes. Taking up the role on May 27, Javes will oversee all operations and business activities for the company’s growing number of stores in Japan, Southeast Asia, Greater China and Australia, and he will be…
An aggressive Central Watson expansion plan just unveiled will see more than one new store a week opened in Thailand from now to 2020. The Hong Kong retail giant’s Thai joint venture with Central Group says it has allocated 1 billion baht (US$28 million) to…
Hong Kong eyewear retailer Mujosh has opened its first overseas concept store in Kuala Lumpur. The Mujosh Malaysia store is located in the Pavilion Kuala Lumpur at the heart of the Bukit Bintang retail district. Mujosh says by combining “industrial chic,…
A government-backed campaign to encourage healthy living is helping give Chinese sports brands traction again in the domestic consumer market. After three tough years with the slowing economy and over-expansion following the Beijing Olympics in 2008, the…
Hong Kong has been blamed for a further decline in Burberry profit and a consequential cutback of staff and products. The British luxury goods brand has reported an 8 per cent fall in adjusted pre-tax profit to £421 million in the year to March 31 on flat…
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