Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
Chinese fashion label Cosmo Lady’s CEO Zheng Yaonan has resigned. The resignation took effect as of yesterday, with Zheng remaining as the chairman of the board and an executive director of the company. He is replaced by new CEO Siu Ka Lok, who has been…
Tumi in Hong Kong has opened its eighth store – including its airport store – at Times Square. The 670sqft space will become the second store in Hong Kong to feature its newly introduced personalisation bar concept. The store is celebrating its launch with a…
Japanese conveyor belt sushi restaurant chain Sushiro has opened its first Hong Kong outlet. The franchise is moving for a foothold in the local market and aiming to use the city’s international status to expand across the region. The flagship store, located…
Listed Hong Kong jewelry and Chinese-medicine retailer Larry Jewelry has reported a higher loss as its sales plunged 23.1 percent in the six months to June. Sales in its jewelry business fell by 17.6 percent, largely in the Hong Kong market, however, the…
Tokyo restaurant brand Kikanbo is to open its first Hong Kong restaurant in Causeway Bay, its third international market. From today, Hong Kong customers can enjoy a taste of the restaurant known as Tokyo’s “perennial long queue store”, and which sells 27,000…
You just can’t escape the Samsung Galaxy Note 10 and Galaxy Note 10+ anywhere after Samsung introduced the new line this past week. And that happens to be true especially if you use an older Samsung Galaxy handset model with Bixby, Samsung Pay and the Samsung…
Italian luxury label Versace and its artistic director Donatella Versace apologized on Sunday after one of the company’s T-shirts was widely criticized on social media in China for identifying Hong Kong is a country. Versace, which was bought by US-based…
HSBC reiterates continuity in its business strategy, despite the recent CEO exit, underlining a potential axing of more than 4,700 jobs as part of its ongoing cost-cutting measures. HSBC’s finance director Ewen Stevenson noted that up to 2 percent of jobs…
The new Cayman Islands Economic Substance Law, which aims to prevent multinational companies using subsidiaries in tax havens to lower liabilities, is affecting Hong Kong hedge funds there. Hong Kong hedge funds are being impacted by new laws introduced in…
Fashion label Simone Rocha has launched a brand-new store in Central. The store is only the third standalone Simone Rocha outlet in the world since its first opening in London in 2015, which was followed by a store New York two years later. Each new store is…
Hong Kong retail sales in June fell – but not by as much as many were expecting. Official figures from the Census and Statistics Department (C&SD) show a 6.7 per cent decline year-on-year in June, somewhat higher than the 1.4 per cent revised figure for May,…
The Shilla Duty-Free’s 2019 brand ambassador, K-pop group Red Velvet, performed at Hong Kong International Airport to celebrate the first anniversary of travel-retail concept Beauty&You. The performance coincided with a new pop-up store at the airport, an…
Hong Kong-headquartered mall operator Hang Lung Properties has overcome the regional economic headwinds to report a solid increase in revenue from its core leasing business. Hang Lung, which owns eight Mainland China shopping centers carrying the 66 brand,…
AS Watson Group has entered into an exclusive partnership agreement with genetics and digital-health company Prenetics in Asia and Europe. The strategic partnership involves the launch of Circle DNA, a comprehensive DNA test that delivers more than 500…
Sales by Watsons stores located in areas affected by ongoing street protests have fallen markedly in both June and July. The protests have been ongoing since early June, largely confined to the island suburbs of Admiralty, Wan Chai and Causeway Bay.…
Hong Kong Customs who raided a mobile hawker selling counterfeit goods in Stanley on Friday was surprised by the scale of the operation behind it. Some 6900 items of suspected counterfeit goods were seized, including clothing, caps, and shoes, with an…
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