Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
In preparing the groundwork for a new direction under its next chief, HSBC Holdings has started to reshuffle top management. The bank is expected to announce the retirement Marc Moses, chief risk officer, and board member, according to a report in quoting…
Both overall and comparable-store sales growth at Tiffany came in flat during the last quarter, neither metric helped by the challenges in Hong Kong which overshadowed strong trading in the Chinese mainland. However, putting Asia to one side, it is clear that…
Hong Kong Customs raided an upstairs showroom in the heart of the city’s prime retail precinct this week, seizing about HK$2 million worth of fake goods. They arrested a 71-year-old man on site who was allegedly in charge of the counterfeit retailing…
Florentine luxury watchmaker Panerai has opened its first-ever airport boutique, at Hong Kong International Airport. The new store is the sixth opened in the Hong Kong area and joins existing locations in Canton Road, Landmark Prince’s, IFC, Times Square and…
Hong Kong International Airport (HKIA) has become a “foodie destination” after welcoming seven new restaurants and outlets together with a revamped East Hall Food Court. Seven new culinary concepts include the debut of the Californian-inspired restaurant,…
The Hong Kong retail industry – hammered by declining visitor numbers from the mainland will recover, says leading analyst Pascal Martin, a partner at OC&C Strategy Consultants. As reported earlier this week, Hong Kong retail sales in October plunged by 24.3…
Swiss luxury watchmaker Breitling has opened a new boutique at Hong Kong International Airport. The new outlet features the brand’s industrial loft concept, inspired by mid-20th-Century interior design. The boutique is located at the departure level of…
The Hong Kong market has been a tough topic for a lot of retailers, especially those who have the mains consumer base in China. This was one of the reasons behind the fall in stock prices for Tiffany that got acquired by LVMH. Tiffany while not as prominent…
Hong Kong International Airport has launched an online concierge service called Luxury Reserve. The concierge concept allows customers to choose duty-free purchases at home via HKIA’s e-Shop Luxury Reserve and collect it the items at the airport. Luxury…
Hong Kong-listed jeweler Luk Fook sales slumped 19.8 percent in the September half as protests, the trade war, and the Renminbi’s value kept mainland tourists away, and the high gold price muted demand. The company reported sales of HK$6.3 billion (US$804.86…
China CITI Bank International launches its robo-advisory offering in Hong Kong which was co-developed with fintech firm Quantifeed. The new goals-based advisory offering, «Robo 360» is a goal-based advisory service made available through CITIC’s mobile…
Swiss tobacco brand Davidoff has launched its Hong Kong flagship in luxury retail complex The Landmark. The 580sqft outlet significantly enlarges the brand’s previous space in the mall by more than half its size. The original outlet was the brand’s third…
Dutch architecture studio OMA has installed a golden cube housing a cafe outside K11 Musea mall in Hong Kong. The “Kube” kiosk, housing artisan coffee brewer % Arabica Hong Kong’s newest outlet, also features black marble furniture and is designed to resemble…
Artisanal coffee roaster and retailer Blue Bottle has been rumored to be expanding into Hong Kong since netizens discovered job postings for a brand experience manager and operations director back in August. Now, not only is the company seeking a logistics…
Tse Sui Luen profits plummeted in the first half as Hong Kong protests took their toll, especially during the September quarter. The company, which operates stores under the TSL banner, has reported a 14 percent year-on-year decline in sales to HK$1.6552…
A corporate account reportedly linked with protest-related activities has been closed by HSBC though it cites regulatory risks. The account is reportedly being used to raise funds to support protest-related activities covering expenses such as legal, medical…
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