Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
New stores in Mainland China helped mitigate a tough consumer market in Hong Kong for listed restaurant-operator Tsui Wah Group. The company ended the year with 70 restaurants – a net increase of five in Mainland China, one in Hong Kong and an unchanged three…
A Nielsen report shows Korean products have usurped the popularity of Japanese products among young Hong Kong consumers. The report traces the local market’s perception of Japanese and Korean trends to assess which is perceived as being more popular. It shows…
Subway Hong Kong is embarking on an expansion strategy, scouting for new locations and new franchisees as it unveils a restaurant and menu makeover. Next month, a 900sqft Subway outlet which seats 40 will open at City University in Kowloon Tong. Not only will…
Jeweller Luk Fook has reversed a three-year trend of declining revenue in its latest financial year, boosting sales by 13.8 per cent to HK$14.578 billion (US$1.857 billion). Releasing its results for the year to March 31, the company said the turnaround was…
Colourmix parent and fashion retailer Veeko has seen its sales fall 4.4 per cent in the last year, to HK$1.928 billion. But it posted a $5.26 million profit, a turnaround for the previous year’s $25.9 million loss – all due to an increase in the value of…
The first Starbucks Hong Kong flagship has formally opened in Causeway Bay. The new store is located on level one of Lee Garden Three. As previously reported, the store features the city’s first standalone Teavana Bar and a ‘Mixology Bar’ where…
Private investors have contributed £3.2 million to Chester, UK-based sportswear brand Castore to support its expansion into Asia and the US. The firm’s co-founders – brothers and former pro athletes Tom and Phil Beahon – plan to use the funds to set up a…
Chinese children’s apparel brand Balabala has opened its first store in Hong Kong. A niche brand operating under Chinese fashion firm Zhejiang Semir Garment Co, Balabala’s Kowloon location will retail casual kidswear for all ages. Leeky Li, deputy GM of Semir…
German publisher Taschen is selling a book about Ferrari for HK$250,000 (US$32,000) in its first-ever Asian bookstore. The Ferrari book is just one of the special-edition volumes on offer in the store, and contains a collection of rare images that traces more…
Distressed fashion chain Esprit has warned of a massive HK$2.2 billion (US$280 million) loss based on write-downs, exit costs – and a continuation of falling sales. The Hong Kong-listed company filed a profit warning with the Hong Kong Stock Exchange in which…
New World Development announced the naming of the most ambitious project to date from its ground-breaking K11 Group: K11 MUSEA, a new museum-retail complex situated in the heart of Hong Kong’s US$2.6 billion Victoria Dockside development. The new landmark K11…
Sasa profits soared 34.7 per cent in the last financial year, as sales at Hong Kong and Macau stores posted solid gains. Sasa’s parent Sa Sa International says group sales rose 6.2 per cent to HK$8.018 billion (US$1.022 billion), driven by a 7.9 per cent…
KLASSE14 has officially landed in Hong Kong with its one-of-a-kind concept store. KLASSE14 retail space incarnates the value for time, key element that defines the brand ordinarily unique experience. KLASSE14 is a fashion & lifestyle brand with an Italian…
Californian luxury confectioner Sugarfina is to open its first store in Asia – in Hong Kong’s Harbour City mall. Sugarfina is being brought to Hong Kong by Upper East Holdings, which launched Lady M in Hong Kong in 2015 and plans to open several Sugarfina…
TUMI, the leading name in premium travel, business and lifestyle accessories, re-opens its Harbour City store in Tsim Sha Tsui to unveil a new store redesign. The recently refurbished 990 square feet space features multiple enhancements including a new…
With the opening of the new Terminal 2 of the Mactan Cebu International Airport (MCIA) next month, AirAsia Philippines has announced its transfer of international flights to and from Cebu at the new terminal by July 1. In an interview on Tuesday morning,…
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