Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
Hong Kong headquartered watch retailer Stelux has warned shareholders it expects to post a loss in the first half year. Stelux owns the City Chain network of watch stores along with eyewear brands eGG and Optical 88. In the first quarter of this year the…
The Hong Kong-based company has issued a warning for investors to prepare for a profit cut to around HK$170 mln Cosmetics sale company Sa Sa International Holdings Limited is expecting profits to plunge more than 50 per cent for the six months ended…
A Hong Kong based private investor has paid $4.8 million on a 4.35 per cent yield for a retail and office investment at Hawthorn in Melbourne’s inner-east. According to selling agents, Teska Carson’s Michael Taylor and Anthony Choi, the property at 669-671…
Marathon runner, designer and co-founder of Hong Kong’s Liger boutiques, Hilary Tsui Ho-ying talks about her two passions – fashion and fitness. You’ve just got back from Paris Fashion Week. What was that like? “This was the busiest fashion week I have ever…
Hong Kong-listed Chinese sportswear brand Li-Ning has released the vaguest operational update of the year – but nevertheless, it’s clear the brand is still growing. A year after seemingly being down for the count, Li-Ning revealed a first half year profit in…
Hong Kong-listed shoe retailer Daphne International has reported a third quarter same store sales slump of 19.7 per cent as it continues to cull its store network. As earlier reported, Daphne issued a profit warning in July after reporting a fall in same…
E-commerce presents enormous opportunity for retailers. Hong Kong’s 2014 sales value of Internet retailing, excluding tax, was HK$1.5 billion (Hong Kong Trade Development Council), and it is estimated to increase to HK$2.1 billion in 2019. As Singles’ Day,…
Given the burden of rent in Hong Kong, most local retailers take their business online to skirt the financial and logistical hassle. But Hong Kong startup PopScout is taking away the headache that comes with brick-and-mortar locations. This online marketplace…
Hong Kong retail rents weakened further in the third quarter – and worse is to come, according to CBRE’s quarterly review. Against a backdrop of a seven per cent fall in watch and jewellery sales in July and August combined, there was an increase in lease…
In this world of the digitally empowered consumer, is inventory a threatened species? Are classic retailer metrics such as stock hold, stock turn, stock intensity per square metre and working capital ratios yesterday’s news? After all what is a classic…
Denim retailer Bauhaus International says its same-store sales in Hong Kong and Macau fell seven per cent in its second half year to September 30. The Hong Kong-listed street fashion retailer had 211 self-managed stores at the end of the first half year – 96…
A plan to simplify the complex ownership structure of Parkson Retail Asia operations has been rejected by independent shareholders. The proposal, defeated by a 63.44 per cent vote against at a shareholders meeting on Monday, would have seen the…
Former Spice Girl Victoria Beckham has confirmed her second fashion store will open in Hong Kong early next year. Beckham, wife of the famous footballer and fashion celebrity David Beckham, is now a fashion designer. She opened her first flagship store in…
HONGKONG Land and Taft Properties formally unveiled yesterday the 20-hectare Mandani Bay, the first waterfront township project along Zuellig Ave. in Mandaue City. Under HT Land, the company formed out of the joint venture between Hongkong Land and Taft…
Burberry has reported a slowdown in sales as it felt the impact of a challenging global luxury market, particularly in China and Hong Kong. Retail sales growth slows to 2% in first half Luxury retailer points to “weakening consumer sentiment” in China Share…
Solomon Lew is renowned for driving a hard bargain and that’s exactly what he has been doing in Hong Kong this week. Australia’s most strategic billionaire and the man running his fast-growing stationery empire – John Cheston – spent Friday in a van visiting…
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