Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
“Landlords have to face the reality, no matter how reluctant they are,” Lawrence Wong, a director at property agent Sheraton Valuers Ltd., said in a telephone interview Saturday. “It’s still better than leaving their property empty.” Russell Street has lost…
Hong Kong International Airport (HKIA) is launching a new trial local delivery service for passengers who spend more than HK$1,000 ($129) in its shops at the airport. Cissy Chan, Executive Director Commercial, HKIA said Airport Authority HKIA also plans to…
Hong Kong listed fashion group Esprit says its full year financial loss masked a positive phase of its turnaround program. Full year turnover fell 11.5 per cent (or 19.8 per cent in Hong Kong dollars) and the company posted a loss of HK$3.683 billion, largely…
Lao Feng Xiang, the Chinese jewellery brand few in the west have ever heard of, is planning to open 20 stores in Hong Kong. Lured by the prospect of cheaper rents in high profile locations as Hong Kong’s luxury sector enters a decline, Lao Feng Xiang sees the…
Chinese millennials – China’s new rich – are looking to spend double the Asia-Pacific average on luxury items in the next year. The millennials – those aged 18 to 29 – are already China’s biggest spenders on luxury goods in Asia Pacific, followed by those in…
Hong Kong-based Global Brands Group has signed a 10 year licensing agreement covering two North American denim brands. In a joint venture between Iconix Brand Group and Buffalo International Global for the Buffalo David Bitton and i Jeans by Buffalo labels.…
In Hong Kong, HMV is enjoying a renaissance. But HMV Singapore appears about to become extinct. The last surviving store bearing the brand in the city state will close on September 30 after the company decided not to renew its lease on the Marina Square…
Alan Ma Kam-sing, chief executive of Hong Kong Science and Technology Parks told that the first phase will see multi storey factories build by 2020, with a focus on “high value-added” clients such as robotics, pharmaceuticals and biomedical manufacturers.…
BUNDABERG Regional Council continues to engage with senior representatives of the Hong Kong Food Association with a view to establishing trade links to supply Hong Kong and Macau with locally grown produce. A delegation from the Hong Kong Food Council, Hong…
Apple Inc. said Monday that its latest smartphones, the iPhone 6s and iPhone 6s Plus, will be available at the technology giant’s retail stores at 8 a.m. local time on Friday, September 25. The company also noted that more than 50 percent of existing devices…
The ranks of English language bookshops in Hong Kong may be dwindling, but someone forgot to tell Taiwanese retailer Eslite. The second store will be themed ‘Travellers, Taiwan, Diversity and Culture’, spread over two floors of Star City at 3 Salisbury Rd. It…
As the Moon Festival on Sept. 27 draws near, Hongkongers who buy mooncakes of well-known local brands or receive them as gifts need to be careful, because they might be imitations from the mainland, Apple Daily reported Friday. At the Longxi market in…
Japanese luxury fashion designer Issey Miyake has opened its first store in Hong Kong. The Issey Miyake Hong Kong boutique is located on level 1 of the Ocean Centre at Harbour City on Canton Rd in Tsim Sha Tsui. Womenswear, menswear accessories, shoes – and,…
Apparel retailer Bossini has weathered Hong Kong’s retail downturn by achieving strong growth offshore. The Hong Kong based company has revealed its annual results in the year to June 30, reporting a mere one per cent decline in sales to HK$2.523 billion, and…
Smiggle, the trendy, stationery retail concept from Australia, is to open stores in Hong Kong and Malaysia within 14 months. Smiggle – popular with students and people seeking gifts – has proven an enormous success in Singapore for its parent, Melbourne-based…
Hong Kong retail is moving from its traditional luxury focus to the mid market and the demographics of shoppers change, according to a report from CBRE. Mid-market retail brands are set to overtake luxury brands as the main driver of retail demand in the…
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