Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
Following its much-acclaimed facelift last year, Hang Lung Properties”” Peak Galleria has brought in plenty of pet-friendly amenities long desired by pet parents and their furry babies. This iconic landmark of Hong Kong is also introducing the Peaknic combo,…
Hong Kong retail sales plunged 13.1 percent year on year in August, as the coronavirus pandemic continued to batter the struggling sector, marking a 19th consecutive month of contraction. Consumer spending dropped to HK$25.6 billion (US$3.2 billion) in…
Clarks has reportedly seen a Hong Kong-based investor join the list of bidders interested in a majority stake in the retailer, as it seeks to refinance amid the Covid-19 pandemic. Private equity firm Lion Rock is one of two remaining bidders for the…
DHL Express Mexico recently launched a Hong Kong-Los Angeles-Guadalajara-Mexico City route. DHL officials said the six-day-a-week flight will increase cargo capacity between Asia and Mexico by 50 tons per flight, adding more than 20% of capacity to its daily…
7-Eleven has always been known for running attractive redemption programs that offer appealing collectibles. However, the team decided to do things differently this time around, they wanted to shift the program from simply being a way to reward loyalty into a…
Independent premium Japanese grocery and lifestyle store, Guu San has opened its first store in Hong Kong. Guu San (Guu for valley, San for sanctuary) is an anchor of the new H Zentre commercial building located at Tsim Tsa Tsui. The 5000sqft store is…
Parents, three children, and a money exchange owner were arrested by Hong Kong customs over alleged money laundering of nearly $400 million. Investigations first kicked off in 2018 after a tip-off from a bank and since then, the family made 6,000 «suspicious…
Swedish furniture retailer Ikea has yet again stepped out of its aisle, expanding its food range with localized mooncakes for the Hong Kong market. Launching four fruit-flavored ‘snowy’ mooncakes (with non-baked glutinous rice flour as a shell), the mooncakes…
Online circular fashion platform Style Theory has expanded its network to Hong Kong, its first market outside Southeast Asia. Style Theory Hong Kong members now can have access to more than 2000 designer bags from luxury brands, including Hermes, Celine,…
Japanese-themed Hong Kong department store and supermarket chain Yata is set to unveil its first-ever convenience store format in Hong Kong. Dubbed the ‘Konbin by Yata’’ (also Japanese for convenience store), the new format will be smaller than its usual…
The tightening of social-distancing regulations helped fuel a 23.1-per-cent decline in Hong Kong retail sales in July. Nevertheless, the decline was sharper than expected given July last year was the first full month when retail was affected by the outbreak…
Hong Kong-listed women’s footwear label Daphne International is withdrawing its physical retail stores from Mainland China and Taiwan in the face of steep losses. The brand’s most recent interim financial report shows an 85-per-cent drop in turnover to…
Hong Kong’s Securities and Futures Commission is en route to issue the city’s first-ever license to a cryptocurrency firm. OSL Digital Securities – a unit within Fidelity-backed BC Group – said that Hong Kong’s securities regulator has agreed in principle to…
Alibaba-backed Best Inc is seeking a Hong Kong listing for its express delivery and freight delivery businesses, keen to boost its valuation and establish an investor base closer to China, said three sources with knowledge of the matter. The plans by Best,…
Less than four months after the exit of single ex-market head of Singapore and Malaysia, HSBC Private Banking promotes two internally to head the respective markets. HSBC Private Banking named Ken Ng as market head for Singapore and Gary Goh as market head…
A “drastic” drop in sales has led apparel retailer Giordano International to record a US$22.6 million loss in the six months to June, of which $13.2 million alone was attributable to its Hong Kong operations. The company said in a stock-exchange filing that…
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