Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
Numerous reports have been written on how eCommerce spells the death for brick-and-mortar stores in the retailing industry. But others have written on how the preference of customers taking in the whole in-store shopping experience will ensure that there will…
Ultra-luxury Swiss watch brand Audemars Piguet has opened a standalone boutique in Hong Kong. The Hong Kong store is one of only about 17 stand alone boutiques of the brand in the world. Hong Kong watch retailer Halewinner, owned by Early Light International,…
Hong Kong, which for years rode a wave of cheap capital and China’s economic boom, is as vulnerable now as it was before the 1990s Asian financial crisis as those drivers reverse, according to analysis by Daiwa Capital Markets. In a bearish take on the…
Don’t try to put Tobias Rehberger into a box. The German artist’s work isn’t the sort that fits in a frame and he’d much rather it was out in the world, with people rubbing up against and interacting with it, than being gawped at in a museum. He does his own…
McDonald’s China is set to be supersized as the US fast food giant pursues growth offshore. The company’s Chicago-based CEO Steve Easterbrook has revealed more than 1500 new stores will be opened across China, Hong Kong and Korea over the next five years.…
Luggage giant Samsonite on Thursday warned its outlook for this year was “uncertain” owing to the growth slowdown in key market China and a stronger US dollar. The firm said in a filing with the Hong Kong Stock Exchange that despite a tough trading year, it…
The 23rd HKTDC Hong Kong Fashion Week for Spring/Summer (FWSS) will be staged from 4-7 July 2016 at the Hong Kong Convention and Exhibition Centre with Women’s wear and Knitwear as debut zones to optimize buyers’ sourcing selection. The premium fair in the…
Bacardi has made several personnel changes to its Asia Pacific Global Travel Retail (GTR) division. The company said late last week that Irving Holmes Wong, formerly regional director of Asia Pacific for Bacardi GTR, would take on the newly-created role of…
Plukka, which launched as a flash-sale website for made-to-order fine jewelry, is getting increasingly serious about bricks-and-mortar retailing. The Hong Kong–based company, which opened freestanding stores in Hong Kong and London in 2014 and 2015,…
In a review of the Hong Kong office and retail property markets today, DTZ/Cushman & Wakefield, a global leader in commercial real estate services, pointed out that office rents in core business districts continued to rise in Q1 2016, with Prime Central and…
FedEx Express announced the winners of the first-ever FedEx Small Business Grant Contest in Asia Pacific. In Hong Kong, B-Free Technology Ltd., a local technology innovator, was awarded the grand prize of approximately US$20,000 (HK$150,000). After hearing…
Hong Kong’s retail sales plunged in February, as the economic slowdown in China prompted fewer visits from the mainland. On an annual basis, the total value of retail sales in February dropped by 20.6 per cent to HK$37bn, from January’s 6.6 per cent drop. The…
With revenue totalling HK$1.9 billion (US$245 million), Hong Kong-listed retailer Trinity Group lost HK$88.5 million last year. Trinity Group, which sells premium menswear brands in greater China and Europe, says it continued to be dragged down by the…
Growing online sales will not undermine demand for Asian retail real estate, according to the last CBRE study of major international brands. For the seventh edition of How Active Are Retailers Globally?, the real-estate company looked at more than 150 major…
Mobile shopping has taken hold in Hong Kong, with more than two in five consumers making purchases via their mobile device in the past three months, the latest MasterCard Online Shopping Survey reveals. The widespread use (98.8%) of internet-enabled…
Indonesia-based Masterpiece Auction House will host its first auction in Hong Kong featuring Southeast Asian and Chinese modern and contemporary art works this Saturday (March 26). The public preview will start tomorrow (March 22). Masterpiece Auction House…
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