Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
Macy’s says it will close 35 to 40 stores in early 2016, or as much as 5 per cent of its namesake department stores.Macy’s said Tuesday it hasn’t selected all of the stores that will be closed yet. It expects the locations will have about $300 million in…
The warning bell signalling the end of Hong Kong’s 12-year property rally is ringing louder with more experts predicting that the stock market rout and economic uncertainties at home and abroad will accelerate a price correction. Analysts widely expect home…
French hair stylist chain Jean Louis David has more than 1200 salons worldwide – and now it has landed in Hong Kong. Jean Louis David Hong Kong has opened a salon at 12F New World Tower 2 in Queens Rd, Central – and a retail store on the ground floor of…
French leather goods brand Altelier D’Auchel has opened its first retail store in the territory. Altelier D’Auchel Hong Kong is located on the 14th floor of Lyndhurst Tower, 1 Lyndhurst Terrace in Central. The label makes leather goods to order, with price…
Institutional investors are diverting their capital to Hong Kong’s office property market in the wake of a troubled outlook for the retail sector, where yields have been compressed by soaring asset prices. Property consultants expect more big-ticket…
As investors around the world fret over China’s economic tremors, Hong Kong tycoon Li Ka-shing has less reason to press the panic button: he has been quietly accelerating moves to cut his reliance on the world’s second-largest economy. Mr. Li, nicknamed…
Qantas will add more flights between Hong Kong and Sydney, Australia as a result of increasing demand from travellers. From 26 October 2015*, Qantas will operate an additional four Hong Kong-Sydney services each week, on top of the current daily services…
Hong Kong home prices could fall by 5 per cent to 10 per cent over the next three years, according to JP Morgan, which warned of the risks of an economic slowdown in the city. A slowdown marked by falling retail sales and a softening mainland economy would…
BlackBerry Limited on September 2 announced the beginning of sales of the BlackBerry Passport Silver Edition in Hong Kong. From last week (September 2nd, 2015), customers in Hong Kong are able to purchase the new BlackBerry Passport Silver Edition, a premium…
Chow Tai Fook Jewellery Group is renegotiating store rents and consolidating its retail network in order to manage rental costs, chairman Henry Cheng Kar-shun said on Thursday. Amid a downturn in the city’s retail landscape, the largest Hong Kong-listed…
The bank, which is based in Britain and has operations in 73 countries, announced in June that it would rebrand its UK business – and fuelled speculation it could potentially sell them off – as a result of the rules that require high street banking to be…
As China devalues yuan and the U.S. is on track to raise rates, Hong Kong, whose currency is pegged to the dollar, is in trouble. Forecasting “black sky”, UBS now sees the Hang Seng Index to end the year at 19,775, another 5.5% downside from its current…
Falling spending by Mainland tourists and softened consumer sentiment saw lacklustre Hong Kong retail sales in July. Data from the Census and Statistics Department (C&SD) showed the total value of retail sales decreased 2.8 per cent year on year. After…
Traditional Chinese medicine retailer Eu Yan Sang lost $3.6 million in its last quarter, blaming weaker sales in Hong Kong and Malaysia. Its full year profit to June 30 was down 70 per cent on the previous year at $4.56 million, compared with $15.03 million…
Hong Kong jeweller to celebrities Joanne Ooi is heading to Australia to raise cash to expand her jewellery retail brand Pukka internationally. Pukka is set to be listed on the Australian Stock Exchange in October and Ooi is in Sydney and Melbourne this week…
Hong Kong’s retail sales growth eased at a faster-than-expected pace in July, preliminary figures from the Census and Statistics Department showed Monday. The retail sales volume rose 1.9 percent year-over-year in July, much slower than previous month’s 4.3…
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