Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
Hong Kong retail sales fell again in January – by a modest 0.9 per cent. However, a spokesman from the Census and Statistics Department (C&SD) warned the figures may be have been affected by the earlier timing of Lunar New Year which fell at the end of…
With immediate effect, Mr. Ku will take on the overall responsibility for the business operations and management of the Hong Kong and Taiwan team. The Hong Kong and Taiwan business showed growth of close to 10% in 2016 and Mr. Ku’s priority will be to further…
A subsidiary of Hong Kong-listed developer Wheelock has decided to end funding for its pay TV operator in a bid to focus on property development, leaving the fate of its loss-making business up in the air. Wharf Holdings, a 58%-owned subsidiary of Wheelock,…
Italian fashion brand Valentino opened a new flagship store in the first phase of Lee Gardens, Hong Kong. Located in the prosperous core area of Causeway Bay, the new Valentino flagship store has two floors and a total area of 382 square meters. Designed by…
One in four Crocs stores will be closed globally as the maker of the world’s ugliest shoes plots a survival plan. The store cull was announced along with another quarterly loss: the shoemaker finished its last three months US$44.4 million in the red, albeit a…
Hong Kong-headquartered multi-format retailer Dairy Farm International has celebrated its 130th anniversary with a strong set of results, with food, home furnishings and restaurants delivering higher profits. Total sales, including those of associates and…
Laser clinic and skincare product retailer Skin Laundry plans to expand into Japan and Korea this year from its Hong Kong base. Skin Laundry has just opened its fourth outlet in Hong Kong – at Causeway Bay. And founder Yen Reis said that at least two more…
Taiwan’s ZhangMen Brewing Company has chosen Hong Kong to set up its first international flagship pub. On Kimberley Road in Tsim Sha Tsui, the outlet offers 24 varieties of craft beer, shipped directly from its brewery, as well as providing Taiwanese snacks.…
Japanese online cosmetic store @Cosme is to open a brick-and-mortar store in Taiwan in May. It is the spearhead of a plan by its owner, Istyle, to open stores across Asia. Istyle began opening @cosme stores in Japan in 2007, bringing together drugstore and…
The International Diamond, Gem & Pearl Show opened today and continues through 4 March at the AsiaWorld-Expo. This fourth edition of the show, organised by the Hong Kong Trade Development Council (HKTDC), welcomes more than 1,900 exhibitors from 39 countries…
Japanese cosmetics brand Do-Best is looking at opportunities in the Philippines and broader Southeast Asian markets, including Indonesia. Do-Best CEO Daitaro Sugawara was in the Philippines for a group networking session organised by Security Bank and Japan’s…
Hong Kong’s SmarTone is deploying “smart robots” at its psychical retail stores to help enhance the customer experience. The initiative, launched last week on Valentine’s day, involves the leading mobile network operator in Hong Kong deploying the NAO robot…
Fashion group Esprit Holdings says it has made a “significant recovery”, turning around its HK$238 million (US$30.6 million) loss to record a net profit of HK$61 million for its first half. While the improvement was driven by retail sales, the group says two…
McDonald’s China is drawing criticism from Hong Kong trade unions, who fear the impact of the new owners on employment conditions. Despite reassurances from local McDonald’s management – or any evidence at all suggesting changes to labour policies are looming…
Hotpot chain Sichuan Haidilao Catering is said to be making inroads into Hong Kong, joining a cluster of mainland counterparts whose business in Hong Kong has been chequered. Edwin Leong Siu-hung, founder of Tai Hung Fai Enterprise and one of Hong Kong’s…
Hong Kong’s SmarTone has reported a 2% year-on-year decline in net profit for the six months ending in December to HK$393 million ($50.6 million). Group service revenue fell 4% over the same period to HK$2.67 billion. SmarTone blamed the decline in part on on…
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