Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
Hong Kong shares continued to move lower on Friday with the fifth successive daily Hang Seng retreat and sharpest weekly decline for close to three months as confidence deteriorated further. US equity markets were unable to make any significant impression on…
The latest figures show retail sales in Hong Kong continued falling in March. However, signs of improvement are in sight, with sales of drugs and cosmetics rising slightly. However, the biggest question on the minds of many in Hong Kong is how long the…
Uncle Martian, a new competitor for sportswear brand Under Armour in one of its main markets, China, is in hot water for co-opting the US company’s logo. Under Armour uses a U over an inverted U that intersect to form a stylised A. Uncle Martian has the same…
Some 95 passengers of Hong Kong Airlines flight HX-6704 which encountered severe turbulence have been flown to Hong Kong from Denpasar by a Garuda Indonesia plane later on Saturday. “At least 95 passengers of the Hong Kong Airlines plane who survived the…
While more tourists have been crossing the border for the ongoing Golden Week, there has not been much gold in it for Hong Kong retailers. Visitor numbers jumped more than 14.1 per cent on Saturday, the start of the holiday, according to the Hong Kong…
Myanmar’s growing group of middle-class consumers can now look forward to Singapore bakery giant BreadTalk’s pastries and baked goods as the home-grown bakery brand will soon be available in Myanmar. It signed a franchise agreement with Myanmar Bakery on…
It is said that a commercial property can support three generations of a family in Hong Kong. The idea is that owning a commercial property is a sign of wealth as well as social status. However, an investor who bought a commercial unit in Jordan Square in…
Hermes sales rebounded globally in the first quarter of this year, exceeding analysts expectations. But the best news seems to be from Hong Kong where the French luxury goods label reported sales had “stabilised” after last year’s serious decline. Sales fell…
Tucked away in a nondescript corner of Shau Kei Wan, on the eastern tip of Hong Kong Island, is the city’s newest movie house, L Cinema. The first theatre in Hong Kong from Lotte Cinema – South Korea’s second-largest movie-theatre chain – the complex, which…
Many customers buy imported food and wine at Hong Kong’s City’super but few would know the group of founders were closely involved with a chain of Japanese department stores. In the 1980s high-end retail fashion and food markets were dominated by those…
French leather goods maker Hermès Group’s revenue was up 6 percent in the first quarter of 2016, despite a challenging luxury landscape. Consolidated revenues for the house were 1.19 billion euro, or about $1.35 billion at current exchange rates. Even with…
Dairy Farm International’s Indonesia operation continues to struggle in food – but Ikea trades above expectations. The Hong Kong-listed company holds a controlling 83.9 per cent share in PT Hero Supermarket Tbk, which operates Giant hypermarkets and grocery…
Apple sales slumped 26 per cent in Greater China in the latest quarter, driving the tech giant to its worst result in 13 years. CEO Tim Cook said the Hong Kong market was largely to blame, due to its currency value being pegged to the US dollar. Sales in the…
Feeling the bite from a stronger yen, Hong Kong snack chain 759 Store will shut down at least 15 outlets this year and slash its discounts from next month. The company has reported its first loss since its 2010 launch, with founder Colis Lam Wai-chun blaming…
Coach Asia has reported a strong rise in Mainland China sales in the last quarter – which was eroded by a decline in Hong Kong and Macau. The rebounding US fashion retailer says international sales rose 5 per cent in the three months to March 27 to US$448…
Hong Kong consumers lead the world for their saving and investment mindset, while savers outnumber fun-lovers overall in Asia Pacific. Market research company GFK has found that 54 per cent of online consumers in Hong Kong “disagree completely” or “disagree…
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