Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
Brooks Brothers have filed for bankruptcy in the US, the latest US retail victim of the Covid-19 pandemic. However, analysts are confident the struggling apparel retailer will find a buyer, and the brand will endure along with a scaled-down store network.…
As Hong Kong retail rents slump to levels not seen since 2003, retailers who appeal to domestic shoppers are beginning to have a stronger presence in the market. According to retail real estate professionals with property company Savills, brands in categories…
7-Eleven has teamed with carbonated beverage brand Coca Cola to open a new themed store in Hong Kong. Located at in Tsim Sha Tsui, the 7-Eleven x Coca Cola concept store is dressed in the distinctive Coke red. As well as the modern Coke livery, the counter…
Beauty products retailer Lush Hong Kong has closed its five-story flagship store several months before its lease was due for renewal. The high-profile store was opened in late 2015, at Soho Square in Central. At the time billed as the brand’s largest store in…
San Francisco-based online bag brand Senreve has opened a standalone pop-up store in Hong Kong, its first foray into a major city mall. Founded in 2016, the brand specializes in Italian-made luxury handbags. The new store has opened in the atrium of Pacific…
Gap has become the latest retail victim of Covid-19 in Hong Kong, shutting its flagship store in Tsim Sha Tsui and at least one other store. The US apparel chain follows in the footsteps of fellow American retailer Victoria’s Secret, which abruptly closed its…
HSBC bolsters its Southeast Asian equities unit in Singapore with two new hires from Deutsche Bank, furthering its Asia expansion amid a major overhaul. HSBC hires Edward Lee as regional head of equity capital markets and Joy Wang as the head of Southeast…
Hong Kong shopping destination Olympian City has partnered with global toy brand Lego to launch Lego Technic – a Stem-themed AI concept store. The world-first concept store features an array of Lego Technic sets and experiential workshops to promote Stem…
The high-profile Victoria’s Secret Hong Kong flagship store has been closed suddenly. According to multiple reports, employees were all laid off last night (June 24) on the even of Hong Kong’s public holiday. Signs were placed on the store’s entrance…
Deliveroo has unveiled a new program allowing customers to round up payments for their orders to feed people in need. Deliveroo will collect the donations made via its app to selected charities, starting with local NGO Feeding HK. “One of the most challenging…
Hong Kong airport is extending its rent-relief package to tenants and other stakeholders in recognition of the prolonged impact of the coronavirus pandemic. The airport implemented a waiver or reduction of various fees for the aviation industry and partners…
Hongkong Land has unveiled a new premium food hall concept BaseHall at Jardine House, in Hong Kong’s Central district. The foodcourt houses eight eateries and two bars, featuring concepts carefully chosen for their style and food offer including Moyo Sik from…
The Xiaomi-AMTD joint venture has launched Airstar Bank, becoming the second digital lender to enter the Hong Kong market. Airstar Bank will offer savings accounts, time deposits and personal loan deposits alongside tools such as mobile app-based financial…
Despite struggling with suspended operations and inventory problems during the Covid-19 pandemic, Japanese home-and lifestyle-goods retailer Muji is set to open its 21st store in Hong Kong later this month. Taking over the former Uny-owned Piago department…
Aeon Hong Kong has unveiled new-look store concepts in two suburbs – Tsim Sha Tsui and Tsuen Wan. The stores feature several new zones and a new look alongside the retailer’s traditional supermarket offer. The Aeon Hong Kong supermarket located in Tsim Sha…
Family reasons were cited as the recent for the exit with an interim head being flown in from the U.K. Ed Jenkins steps down after joining HSBC more than a decade ago and less than a year after being named chief risk officer for the region. He will take a…
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