Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
Foreign investors have shown strong interest in the downstream oil and gas business in Indonesia. A leading Hong Kong-based company recently announced its interest in investing in the filling station business in Southeast Asia’s largest economy. The company’s…
Le Saunda Holdings Limited – a company primarily engaged in the manufacture and retail of Le Saunda ladies and men’s shoes, CNE footwear (an O2O brand) and Linea Rosa high-fashion footwear brand – announced a consolidated profit of RMB122.1 million (MOP149.42…
A takeover bid for Singapore-based Eu Yan Sang has valued the traditional Chinese medicine retailer at about S$269 million (US$196 million). A consortium comprising Singapore state investment company Temasek Holdings’ unit Blanca, Tower Capital TCM Holdings…
Singapore supplement retailer Eu Yan Sang International has had its third-quarter net profit slump to S$286,000 (US$208,515) from $5.45 million as a result of declining revenue, foreign exchange losses and expenses related to closing F&B outlets in China.…
News of Mercedes-Benz Retail selling its Manchester and Birmingham businesses to Hong-Kong auto retailer Lei Shing Hong could be seen as proof that the UK auto retail sector is worth investing in. This comes despite the underperforming share prices of some…
Hong Kong registered GDP growth of 0.8% y/y in the first quarter of 2016, lower than consensus forecast. However, in quarter-on-quarter terms, the economic growth shrank 0.4%, as compared with 0.2% growth registered in the fourth quarter of 2015. The first…
The reality of retail is shifting. Retailers now operate in an environment of big data, new technologies, blooming online marketplaces, hybrid consumption patterns and fragmented needs. Shoppers are more empowered and increasingly demanding when it comes to…
Hong Kong’s retail sales decline may have bottomed out. And a leading factor in the downturn – the value of the Hong Kong dollar – may now bring a much-needed boost for Hong Kong retailers. China’s central bank policy this year has been to peg the value of…
New figures released by Hong Kong’s government suggest the city’s economy has seen a further slowdown through the first quarter. New stats show Hong Kong’s GDP grew by 0.8-percent year-on-year through the first 3-months. This is a 4-year low in term of…
Hong Kong’s largest music and DVD retailer HMV quietly closed its iconic flagship store in Central last month in a move to lower rental costs, as the city faces its steepest retail downturn since the Asian Financial Crisis. The closure will be followed by the…
Luxottica says the opening of its Ray-Ban shop-in-shop at Hong Kong International is part of a strategy to differentiate the sunglasses offer in travel retail. The company worked with DFS Group to open the first of its kind shop-in-shop in Asian travel retail…
Two of the China/Asia Pacific region’s latest store openings showcase Starbucks store design capabilities. These stores in Taiwan and Hong Kong use a mix of historic and new design elements to enhance the coffee experience. Forging the Past with the Present…
Beauty giant Estee Lauder says its Asian sales rose in every country except Hong Kong in the last quarter. Estee Lauder Asia achieved double-digit growth in Korea, Japan, Australia and Taiwan and achieved “solid” constant currency sales gains in China and…
Advertising agency Ogilvy & Mather (Ogilvy) has pushed the boundaries of creativity by launching two edible nail polishes for KFC Hong Kong, bringing the fast-food giant’s tagline “Finger Lickin’ Good” to life. Working with food technologists at flavour giant…
A MasterCard spending survey released ahead of the official government data this afternoon shows March Hong Kong retail sales declined at the worst rate in the history of the survey. “Overall retail sales in Hong Kong contracted by 18.5 per cent year-on-year,…
If the thought of high tea feels quintessentially British, think again. Tastemaker extraordinaire Bonnae Gokson is creating another stylish afternoon tea set for yet another luxury fashion house – Ralph Lauren, to celebrate the launch of womenswear at the…
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