Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
Three years after making its Hong Kong debut, Starbucks’ Teavana brand is opening two new outlets this week. A Teavana Bar opens today inside Starbucks’ revamped store at APM in Kwun Tong, the brand’s first bar in Kowloon. The Kwun Tong bar features an open…
Fashion e-tailer Zalora Philippines is targeting 50 percent annual growth in sales over the next five-year period. The firm’s confidence in its target is based on the number of Filipinos embracing online shopping. “We will end the year with more than 50…
L’Occitane sales plunged by nearly one fifth in Hong Kong and Macau during the June quarter. According to a stock exchange filing, the Hong Kong-listed retailer’s sales in the two territories, which includes Asian travel retail wholesale business, fell by…
Protests in Hong Kong have likely contributed to an unexpected drop in revenues for Richemont sales in a key luxury market. The Cartier timepiece brand owner saw a 2-per-cent drop in sales in the last quarter and experienced a 3.9-per-cent fall in its stock…
The trade war between the US and China has been partially blamed for a 10 per cent fall in Luk Fook sales. In a quarterly sales update, the Hong Kong-listed jewellery retailer said a relatively higher base in the comparable period also contributed to the…
Fast-food chain KFC Hong Kong has opened a new concept store format in Causeway Bay. The new three-storey store, which seats 150, aims to enhance the traditional fast-food dining experience with a chic style. It features a street-level kiosk offering desserts…
The ongoing Hong Kong protests are eroding the sales of the territory’s retailers according to the HKRMA. “Depending on the performance of different retail categories, most member companies said the turnover in the first week of June recorded an average…
Don Quijote Hong Kong has opened its first store, in Mira Mall at Tsim Sha Tsui. The Japanese bargain retailer will sell a full range of discount merchandise as in Japan, as well as ready-to-eat meals and Japanese specialty products. Regional operator Pan…
Hong Kong Customs officers have smashed two counterfeit-cosmetics rings selling makeup and skincare products. In a five-day-long anti-counterfeiting operation last week, 12 people were arrested after seven retail stores and three warehouses were raided across…
Hong Kong’s retail leasing market is showing signs of slowing in tandem with easing retail sales. According to real estate advisor Savills says shopping-mall rents changed little in the second quarter, while prime streetfront retail rents fell by 1.9 per…
Hong Kong retail sales fell again in May, but the rate of decline was significantly less than in April. According to the Census and Statistics Department the value of retail sales in May, provisionally estimated at HK$40 billion (US$5.1 billion), decreased by…
Analysts are warning of challenging times ahead for the Hong Kong luxury goods market. In a research note, Kathryn Parker and Flavio Cereda, equity analysts at Jefferies, say sentiment within Hong Kong has almost unanimously worsened since March due to the…
A major Hong Kong airport revamp is planned spanning passenger facilities and retail spaces. Architectural firm Lead8 has been appointed lead designer for the planned Hong Kong International Airport (HKIA) Terminal 1 renovation. Working with Airport Authority…
HSBC Private Banking continues its hiring drive in Asia with the addition of three relationship managers focusing on the Philippines high-net-worth segment, both in on and offshore locations. In its onshore private bank in Manilla, HSBC has hired Valerie…
In half a year, HSBC Private Banking has already raised over $500 million from Asia clients into private market investments including its Vision Private Equity 2019 fund. In addition to various other private equity and debt funds, Vision Private Equity 2019…
Hong Kong dining concepts business Pirata Group is opening Honjo, a modern Japanese restaurant, in Sheung Wan district late next month. As Pirata’s second Japanese concept, Honjo will be a 120-seat venue independent from its cosy street-inspired neighbour,…
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