Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
While other luxury brands are scaling back in Hong Kong’s subsiding retail market, international fashion brand Versace Asia plans to open a flagship store in Central in October. Shanghai Commercial Bank says the Milan-based fashion house has signed a…
Hong Kong shoe retailer On Pedder has launched an eCommerce site featuring a curated mix of luxury footwear. It is centered around the retailer’s Pedderzine, a seasonal art-fashion hybrid magazine distributed to customers. Complimentary shipping is being…
Organised by the Hong Kong Trade Development Council (HKTDC), the 31st Hong Kong Gifts & Premium Fair concluded today at the Hong Kong Convention and Exhibition Centre (HKCEC). The concurrent 11th Hong Kong International Printing & Packaging Fair (27-30…
French luxury-goods maker Kering SA reported first-quarter revenue that trailed analysts’ estimates as slowing tourism and the strong dollar weighed on demand for Gucci loafers and Bottega Veneta handbags. Sales climbed 2.7 percent to 2.72 billion euros…
Luxury tableware and gifts retailer Town House is opening another retail store location at Wing On department store in Sheung Wan. The expansion of Town House into a fully-fledged retail shop in Wing On is part of a strategy to open new retail locations to…
French beauty brand L’Occitane has announced sales for the year ending March 31 increased by 8.9 percent at 1.28 billion euros. Growth surged on in China – which saw sales grow by 16.8 percent – France, Japan, Brazil and Russia however a poor performance in…
Asia Pacific remains retail industry’s growth engine – with Hong Kong at the top of the Asia retail cross-border expansion rankings. Despite the sharp decline in Hong Kong retail sales during the last 18 months or so, Hong Kong is the second most favoured…
Hong Kong-listed beauty products retailer Sa Sa International says its retail and wholesale turnover fell 15.1 per cent in the last quarter. And in the Hong Kong and Macau markets, turnover tumbled 17.9 per cent for the quarter ended March 31, while…
British luxury brand Burberry Hong Kong has seen its sales slide by more than 20 per cent for the third quarter in a row. The result reflects the continuing fall-off in tourist numbers to Hong Kong from China, including a 26 per cent drop in February.…
PCCW Global has entered into a long-term collaboration agreement with Keppel Data Centres Holding to co-develop and market an international carrier exchange in Hong Kong. PCCW Global is the international division of major operator HKT, and Keppel Data Centres…
A majority stake in UK luxury fashion retailer Reiss has been bought by private equity company Warburg Pincus. The transaction values the brand, which started out as a menswear store in 1971, at £230 million. Reiss has two stores in Hong Kong and four in…
Difficult times on Asian markets, especially in Hong Kong and Macau with lower local demand and fewer tourists, have impacted Prada profits. “At the same time, social and political tensions worldwide further contributed to a general decrease in willingness to…
McDonald’s Asia is preparing to sell some 2800 restaurants across Asia as it introduces a new business model in its fastest growing major market. And Reuters has named frontrunning investors in what looks to be a spin-off business in much the same nature as…
“I basically live textiles,” says British designer Sarah Coates, who moved to Hong Kong four years ago with her husband, Peter, a journalist with Reuters, and daughter, Stella, now 11 years old. The family home, a light-filled 2,000 sq ft apartment in…
The convenience market channel in Hong Kong has traditionally been the most significant retail sales channel for beer. The rise in wine sales through this channel with brand recognition evidences evolution of Hong Kong as a wine market. The brand winning…
Burberry posted disappointing fiscal second-half sales and warned on profit for the current fiscal year, sending its shares lower and highlighting the pressure on chief executive Christopher Bailey to turn around the British luxury retailer’s performance.…
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