Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
Hong Kong’s retail sales fell 8.8% in October, the first single-digit fall since June last year, showing further signs of a recovery after coronavirus restrictions had slammed the brakes on spending and tourism in the global financial hub. The drop compared…
A full departure from the largest economy is reportedly no longer being considered but decisions on the retail unit remain unconfirmed. A U.S. retail banking pullout could still happen, according to a report citing unnamed sources, though a full exit from the…
Hundreds of parked tour buses are gathering dust at a northern Hong Kong container port, having been off the road for 10 months since authorities banned non-resident arrivals into the city due to the new coronavirus. The area has turned into a “bus cemetery,”…
HSBC is the latest bank to allow extensive work-from-home options for workers as the pandemic continues to deeply uproot traditional business models. The British lender has changed its human resources guidelines to allow home-based remote working for as many…
Asia’s two marquee global financial hubs have hit a fork in the road of crypto assets and they appear to be heading in different directions. Last year, the local chief securities watchdog, Ashley Alder, also chose the FinTech Week to reveal a so-called…
Convenience Retail Asia Ltd said on Thursday it had agreed to sell its convenience store business in Hong Kong to Canadian convenience store and road transportation fuel retailer Alimentation Couche-Tard Inc for HK$2.79 billion ($359.8 million). The Circle K…
Statrys, a Hong Kong-based digital payment services platform, has recently accepted a USD $5M funding round to help kick off its newest products to a rapidly growing market. This round was led via a closed-door funding arrangement with an angel investor in…
Plummeting sales and write-downs have led Hong Kong-headquartered beauty-products retailer Sa Sa International to warn of a loss of up to US$38 million in the September half year. “The global Covid outbreak has affected the operation of all of the group’s…
Authentic luxury-goods platform ShopWorn has opened a satellite office in Hong Kong ahead of a planned expansion in Mainland China and Asia-Pacific. Unlike other online marketplaces, ShopWorn, launched in 2015, sells designer labels at discounts of 50 to 90…
During an exclusive virtual media conference held today (October 20), which featured the food tech’s senior executives attended by Green Queen, Impossible Foods officially announced the first retail launch of its plant-based products in Asia. From this week…
Crêpe Delicious has opened its first Hong Kong Island branch and a brand new youthful urban café concept in trendy Lee Tung Avenue, Wanchai, presenting the brand’s premium quality, healthy sweet and savory crêpes, hand-crafted gelato, and puff pizzas. With a…
Travelers between the two cities will soon be able to make trips without the need for quarantine, stay-home notice or controlled itinerary. Singapore and Hong Kong have reached an in-principle agreement to establish an air travel bubble, following discussions…
Growing demand due to innovation in designs and changing fashion trends will help to boost the global jewelry market in the forecasted period. Jewelry refers to ornaments such as earrings, neckless, bracelets, pendants, stones, rings, and metals. Jewelry is…
Deliveroo Hong Kong today announces its partnership with 7-Eleven and Marks & Spencer to launch its first-ever on-demand grocery delivery service, allowing customers to access a variety of ready-to-eat meals and grocery products, which is especially important…
The world’s most expensive retail strip is likely to endure another six months of industry slump as shop owners struggle to replace premium tenants amid Hong Kong’s deepening recession. Global brands from Prada to Rolex and Victoria’s Secret have in the past…
Tse Sui Luen (TSL) has warned it will report a loss for the fiscal year, with sales hampered by a sluggish retail environment in greater China. The Hong Kong-based jeweler expects a loss of at least HKD 80 million ($10.3 million) for the year ending March 31,…
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