Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
Makeup superstore Sephora has confirmed its widely anticipated return to Hong Kong in physical store form. The LVMH-owned cosmetics retailer will sublease a 4000sqft space in the Zara store at IFC Mall in Central, nine years after it closed its last store in…
DHL Express has extended its On Demand Delivery service to more than 300 Circle K stores across Hong Kong. Customers will be able to visit Circle K stores to pick up their overseas merchandise, “whenever and wherever it is convenient,” said a DHL…
Hong Kong retail sales fell 1.6 per cent in the first two months of this year. February’s sales were always expected to be down on last year due to the timing of Lunar New Year. They fell 10.1 per cent, while the revised figure for January was an increase of…
Following a realignment of its senior regional management last week, Swiss bank UBS has now rejigged its middle management, or country team heads as they are referred to at the bank. Kenny Wai, country team head for Kowloon, has resigned from the bank after…
Hedge funds are looking to increase exposure to the region given the opportunities there, according to a survey by J.P. Morgan. Hedge funds are looking to grow further in Asia, with close to half of the investors surveyed by J.P. Morgan planning to do so.…
Bonjour Holdings sales fell 7.3 per cent last year as the health and beauty products retailer reorganised its store network. The company reported a loss attributable to shareholders of HK$39.6 million (US$5 million), which was a significant improvement on the…
Hewlett Packard Enterprise has announced HPE Right Mix Advisor, an offering that aims to help businesses develop their hybrid cloud strategies. HPE Right Mix Advisor recommends which workloads and applications are ideal to move to public clouds, or keep in…
Hutchison Telecommunications Hong Kong Holdings (HTHKH) has arranged to buy out Japan’s NTT Docomo‘s share of its mobile businesses for $60 million. Under the agreement, HTHKH will acquire Docomo’s 24.1% interest in Hutchison Telephone Company Limited (HTCL)…
The Hong Kong Monetary Authority has granted the first virtual banking licenses to three institutions. According to their business plans, these banks will launch their services within six to nine months. The three banks that received a license are Livi VB, SC…
Hong Kong retail spending shrank in February according to data from Mastercard. While the official figures will not be released by the Census and Statistics Department (C&SD) until next week, Mastercard SpendingPulse, which measures consumer spending across…
Hong Kong handbag retailer Milan Station losses halved last year, despite a 17 per cent fall in sales to HK$264.3 million. The company reported a net loss for the year of $40 million, compared to $80.8 million the prior year, mainly due to decreased rental…
Following 21 consecutive months of retail sales growth, Hong Kong retail sales declined in February, according to the latest Mastercard SpendingPulse™ Hong Kong Report. Mastercard SpendingPulse, which measures consumer spending across all payment types,…
Hong Kong dessert shop Hui Lau Shan has opened in the Philippines. It is the first time for the franchise to open in the very region from which its special variety of mango is sourced. Its soft launch on March 17 at SM Megamall in Mandaluyong city was…
Hong Kong fixed line operator HKBN and broadcaster TVB have expanded their strategic partnership to the enterprise market, offering business customers coupons offering discounts on each other’s services bundled with a contract. Under the collaboration,…
The third Decathlon Hong Kong store set to open in June will be the French sports retailer’s largest in the territory yet. Scheduled to open on June 15, the 72,000sqft store will be located at Sheung Tak Plaza in Tseung Kwan O. What sets apart the new store…
Celebrating the collaboration between riders and restaurants, the backbone of Hong Kong’s food delivery industry, Deliveroo has launched the new Rider Restaurants Award. This is a first-of-its-kind initiative, promoting the spirit of hospitality and asking…
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