Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
Iconic Hong Kong theme park Ocean Park announced an entrance fee hike after recording its first deficit since 2003, local media reported on Wednesday. The park recorded a deficit of HK$241.1 million (S$44.2 million), its largest since 1987 according to the…
“We are in the midst of transforming our presence in China, a region that we believe will become an important driver of growth for us over the long term,” Ralph Lauren said in 2012 after the fashion conglomerate of which he was then chief executive announced…
As Southeast Asia eCommerce merchants set benchmarks in a booming industry, their efforts are about to be celebrated with the launch of annual awards. Based in Kuala Lumpur, online shopping aggregator iPrice Group has launched the iPrice eCommerce Merchant…
Marie France Van Damme, the Hong Kong-based company known for its globally influenced line of luxury resort, swim, and ready-to-wear, announced today the opening of a seventh boutique in December 2016. Located in Hong Kong’s Elements shopping mall in Kowloon,…
While there are fewer of them, visitors from Mainland China are still vital to Hong Kong retail, says a new report from analyst Nielsen. It says Hong Kong has 42.8 million mainland visitors every year, representing 75 per cent of its total tourists and…
We are proud to present the inaugural evening of “FELICIA”, a trendy new fashion evening in collaboration with Marc Jacobs and Moët & Chandon taking place between PLAY and STUDIO clubs Hong Kong. “FELICIA” will be working in collaboration with Marc Jacobs for…
A private-equity led consortium has been chosen to buy 20-year franchise rights for McDonald’s China and Hong Kong, Reuters is reporting. The successful bidder is a consortium led by private-equity firm Carlyle Group and Chinese conglomerate Citic Group, who…
Hong Kong retail sales fell by the lowest rate in October in more than a year. Provisional figures released by the Census and Statistics Department (C&SD) show a decline of 2.9 per cent year-on-year, following a 4 per cent revised decline in September, (the…
French skincare brand L’Occitane International’s interim net profit has jumped 33.9 per cent for its latest six months. Earnings for the period to September 30 climbed to €25.99 million (US$27.5 million) from €19.41 million year-on-year, while net sales edged…
Amid global economic challenges and intense competition, small and medium-sized enterprises (SMEs) need to upgrade and add value to their products and services to stay ahead. To provide SMEs with a range of supporting services and business opportunities and…
PCCW has announced that its Viu OTT video service has reached 4 million unique users one year after launch. Viu is now available in Hong Kong, Singapore, Malaysia, India, Indonesia and the Philippines, offering a range of premium Asian video content. Viu’s…
Over 270 people attended the 2016 Asia Pacific Travel Retail Association Insights Seminars, organised in collaboration with KPMG. The aim was to glean valuable insights into consumer behaviour and other issues relevant to the duty-free and travel retail…
The retail downturn here is showing signs of recovery ahead of the holiday shopping season, but a further weakening of the Chinese yuan against the dollar could return to haunt the industry. Retail sales fell for 20 months in a row to reach 36.1 billion Hong…
Revenue grew 6.8 per cent for fast-food company Fairwood Holdings in its six months to the end of September. Fairwood’s positive result coincides with a strong performance from rival corporate restaurateur Cafe de Coral reported earlier this week. Fairwood’s…
Online fashion disruptor Grana will open a new pop-up store at Fashion Walk on December 9. The new Grana pop-up will be different to its Fitting Room by Grana store in Sheung Wan. The Causeway Bay store will target millennials with what founder Luke Grana…
Chinese photo app and mobile phone maker Meitu Inc is set to launch an up to $735 million initial public offering in Hong Kong, IFR reported on Monday, citing people close to the deal. Meitu, better known for its apps that let users retouch and beautify…
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