Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
To mark its second anniversary, Chengdu IFS has launched the “All In Here – World Fashion Tour” to introduce the south-west China city’s latest initiative to be part of the global fashion scene – and a direct challenge to Hong Kong’s Harbour City on Canton…
Nakheel will exhibit a diverse range of new master developments, residential properties and retail and hospitality projects at Dubai Property Show in Hong Kong. Dubai-based real estate master developer Nakheel is heading east to showcase new projects with…
Credit Lyonnais Securities Asia (CLSA) is maintaining its long-standing forecast of 200m Chinese overseas trips by 2020. However, it warns that mainland Chinese travel to Hong Kong and Macau is likely to average only 3% growth in future, while Chinese trips…
Mainland China has become one of the main global suppliers of tourists, and that has been paying dividends for retailers globally. But as the Chinese are roaming further afield, Hong Kong and Macau retails have seen their sales dropping. A fresh analysis from…
Growth in Hong Kong’s import and export trade exceeded the world average for a long time. However, things started to change early last year. There is a “new normal” in the city’s foreign trade, which may have a far-reaching impact on its future economic…
In the face of a continuing sluggish market, Hong Kong-based Luk Fook Jewellery posted a 25 per cent drop in overall sales in the three months to December 31 against the previous two quarters. Its same-store sales growth (SSSG) for mainland China was down 10…
IMG, organisers of the inaugural Taste Hong Kong in March, have revealed a star studded initial lineup of participating restaurants. A lucky eight Michelin stars have been accrued by the restaurants combined! Taste of Hong Kong will take place on the Central…
Lagardère Travel Retail has renewed its news concession at Hong Kong International airport (HKIA) with its Relay concept, being awarded five stores in the existing and new concourses. This win follows soon after Lagardère Travel Retail was recently awarded…
Patrons of Hong Kong’s Rude Bar and Lounge can now experience the rush of Wall Street in a unique experience where demand sets market price for their beers. The Rude Bar Stock Exchange – or RBSX for short – lets customers looking for a drink engage in…
Higher vacancy rates in prime retail sites in Hong Kong are expected after the Chinese New Year holidays, reports property consultancy DTZ. This could potentially lead to a 5 to 10 per cent drop in rental rates in the first half of this year, whereas rents…
Hang Lung Group Ltd.’s Chairman Ronnie Chan said Hong Kong’s property market, which began a correction last quarter, is the “healthiest” he’s seen in 25 years. Speaking in an interview Monday with Bloomberg Television, Chan said a price decline of 10 percent…
British trenchcoat maker Burberry Group Plc reported Christmas revenue that trailed its own forecast, hurt by a slump in demand in Macau and Hong Kong. Retail revenue fell to 603 million pounds (USD869 million) in the three months through December,…
China’s policy of one trip a week for mainlanders plus the strength of the Hong Kong dollar against a weaker yen have gouged sales for cosmetics retailer Sa Sa International. Both its retail and wholesale turnover dropped 14.2 per cent for the third quarter…
Ricky Wong Wai-kay has ambitious plans to boost his online shopping venture with a HK$100 million ad campaign and staff expansion despite a grim economic outlook and still being a long way from breaking even. The HKTV boss said that a year after the official…
This week, animal rights activists in Hong Kong are celebrating a huge win as their plea to eliminate global ivory trade has been heard. Hong Kong’s Chief Executive Leung Chun Ying announced in his annual policy address that the country will phase out on…
Luxury British bed maker Savoir Beds has expanded its Asian footprint, opening its first showroom in Hong Kong. Savoir already has a presence in Asia in Korea, Taiwan, Mainland China and India. The new 150 sqm showroom in Ap Lei Chau, Aberdeen Island, is…
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