Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
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…
This second edition of Taste of Hong Kong is set to be even bigger and better with more restaurants, dishes, artisan producers and culinary experiences to savor. “It was no question for us that Hong Kong should be the home of Taste Festival’s first Asian…
Fashion group Moiselle International has strengthened its margins but still posted a loss in the last half year. While its loss of about HK$35 million (US$4.5 million) was about 10 per cent more than its loss of about HK$32 million for the same period last…
PCCW’s HKT is opposing a proposal by the SAR government to raise the spectrum utilization fee for all mobile operators, publishing research indicating that a wide majority of consumers oppose the suggestion. Research commissioned by HKT and conducted by…
In the period ending September 30th 2016, Sa Sa International’s turnover reached HK$3.63 bn (€442.2 mn), a 4% drop from HK$3.78 bn (€460.5 mn) compared to last year’s results. Sa Sa totalled profits of HK$96 mn (€11.7mn), indicating a 37.3% drop from last…
Bluebell Group has invested in a new luggage design house Ookonn, which takes inspiration from a hat box, selling direct to consumers online. Ookon is the brainchild of Anson Shum, who conceived a style and design based on an old-fashioned, round hat box. At…
Total revenue for the half-year to the end of September rose by 4.3 per cent to HK$3.89 billion (US$501.5 million) for restaurant and catering group Cafe de Coral Holdings. Net profit, at HK$232 million, was up 11.8 per cent, while profit attributable to…
Belgian-founded bakery Le Pain Quotidien’s Hong Kong outlet is trading as well as the chain’s best stores, surprising the founder. “We knew we would make it [in Hong Kong] but we did not expect sales to be so high, comparable to our best stores in New York,”…
Back in September, Hewlett-Packard launched its Elite x3 in Hong Kong. The company detailed some of the most important features of the device at the event in Hong Kong back in September. Today, it’s available for purchase from its official online store. Along…
Hong Kong-based Sa Sa International Holdings has reported a drop in profits of 37.3 percent for the first six months, due to a poor retail environment in the mainland with a poor tourist footfall. Profits fell to HK$96 million as retail sales dropped by 3.6…
Sa Sa profits took a hit of 37.3 per cent for the six months to September 30. The Hong Kong-listed beauty products retailer’s interim results show turnover easing by 4 per cent to HK$3.628 billion (US$467.7 million) for the period, with retail sales in Hong…
Global loyalty-marketing agency ICLP has found that consumer brand loyalty to retailers has dropped to a record low in Hong Kong. A mere 1 per cent are “devoted” to their preferred retail brands, an ICLP survey shows. The company surveyed 750 consumers in…
Hong Kong-headquartered fashion retailer Veeko – the Wanko and Colourmix parent – has found Singapore more challenging than its home market. For the six months to September 30, Veeko International Holdings recorded a turnover of HK$1.029 billion, down 3.5 per…
PCCW’s HKT has revealed plans to build what it is calling a “fiber super highway” connecting the Tseung Kwan O Industrial Estate (TKOIE) with the Chai Wan area. The Ultra Express Link will be a 3km high-capacity, low-latency subsea cable system spanning the…
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