Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
Hong Kong, March 10, 2016 — Moody’s Investors Service says Hongkong Land Holdings Limited’s (HKLH) results in 2015 reflected lower underlying profit but were in line with expectations and continue to support its A3 issuer rating. The results also support the…
Indian footwear and outdoor gear brand Woodland is planning to open stores in China, Malaysia and Singapore along with franchising its brand in other markets. Woodland is also taking the eCommerce route as part of its expansion, and is hiring social-media…
Ten weeks after its launch, the mobile marketplace of Australia-listed Hong Kong-based eCommerce platform Ensogo has reported “exceptional” growth. Ensogo connects products for sale to more than 600 million consumers throughout Hong Kong, Indonesia, Malaysia,…
Luxury brand Tonino Lamborghini, which carries apparel, accessories and leather goods, will exit Hong Kong amid poor sales performance of the city’s luxury market, with more than 10 independent shops and in-store counters shutting down soon. A shop assistant…
Revenue at Tsim Sha Tsui’s popular luxury shopping mall, Harbour City, (excluding hotels) increased by 6 percent to HK$8.56 billion, Wharf Holdings (0004) reported today. Operating profit grew by 6 percent to HK$7.48 billion. Retail revenue increased by 5…
US fast-fashion retailer Forever 21 will open its second store in Hong Kong this year, capitalising on the shift in consumer demand from luxury to non-luxury products. “Due to the demand of our consumers, we have continued our expansion throughout Hong Kong…
Toys’R’Us has announced that Monika Merz, president, Asia Pacific, will retire effective May 31. Her successor will be named later. As president of Toys’R’Us Asia Pacific, Merz oversees all operations and business activities for the company’s more than 300…
Chinese cross-border eCommerce will rise at a rate of 18 per cent annually through to 2020, predicts market research house Mintel in a new report. Mintel’s Haitao Retailing says Chinese spending on cross-border eCommerce soared more than 60 per cent in 2015.…
A modern shopping experience is promised in north-west China’s Xi’an city with the opening next month of a seven-level shopping centre, anchored by a Wangfujing Department Store. The joint development has been developed by Hong Kong-headquartered Taubman…
The 33rd HKTDC Hong Kong International Jewellery Show opened today and runs through 7 March at the Hong Kong Convention and Exhibition Centre (HKCEC). With more than 2,500 exhibitors from 41 countries and regions, the five-day show features a wide range of…
Moody’s Investors Services says that Lifestyle International Holdings Limited’s 2015 results have no impact on its Baa3 issuer rating. The rating outlook remains stable. “Despite the weak retail markets in Hong Kong and China, Lifestyle maintained stable…
Hong Kong retail sales, which suffered their worst decline in 13 years last year, saw weak sentiment extending into January on slumping tourist arrivals, weak local consumption and a strong local currency. Retail sales in January slid 6.5 per cent from a year…
Increasingly easy-to-use technology has enabled smaller retailers to speak and deliver to their niche customer sets across all channels with the same voice as they would in a shop in Hong Kong. So what is driving their success? This vendor-written piece has…
Convenience store and grocery retailer Hero Supermarket is to exit the troubled Starmart Indonesia business. Hero, a subsidiary of Hong Kong-headquartered Dairy Farm International, has announced the sale of 80 stores to Fajar Mitra Indah, a subsidiary of…
Department store Sogo expects a gloomy year ahead due to a strong Hong Kong dollar and weak mainland tourists numbers. Its iconic Causeway Bay outlet recorded a 4.5 per cent year-on-year drop in sales, according to figures released yesterday. To survive in…
Following a first half loss of HK$238 million (US$30.6 million), fashion retailer Esprit plans to prune unprofitable outlets while improving productivity. “In the very short term, we will continue to see the closure of unprofitable spaces from our retail…
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