Tag
68 stories in this topic
Jeweller Chow Tai Fook says same-store sales in its Hong Kong home market and Macau fell by 11 per cent in the June quarter. But sales in Mainland China rose by the same percentage. Sales volume fell by 14 per cent in Hong Kong and Macau and by 3 per cent on…
Chow Tai Fook sales declined by 11 per cent in same-store sales volume in both Mainland China and Hong Kong & Macau in the December quarter. However the decline in value was less, at 7 per cent in Mainland China and 6 per cent in Macau. Retail sales on the…
Chow Tai Fook Jewellery Group has signed a memorandum of understanding with Chinese online platform Tencent to allow jewellery purchases using WeChat Pay. In a move to promote “seamless cross-border intelligent consumption”, the agreement allows Hong Kong…
Chow Tai Fook opened 233 stores in Mainland China in the first half – and is planning another 400 next financial year. The Hong Kong-listed jeweller is targeting shopping malls for its new stores, and second-tier cities. The latest additions took the…
Chow Tai Fook sales soared 25 per cent in Hong Kong and Macau in the September quarter. On the mainland, sales rose by a solid 15 per cent. Same-store sales rose 23 per cent in Hong Kong and Macau and by 6 per cent on the mainland, according to a stock…
Chinese-American fashion designer Vera Wang and Chow Tai Fook, the jeweller, have collaborated on a fine jewellery collection to launch this week in China. Hong Kong will follow. The Vera Wang Love collection targets modern Chinese brides with a penchant for…
Chow Tai Fook has mounted a New York – New York art crossover exhibition for New York Fashion Week, taking the company’s brands and Chinese art and design into the international arena. Chow Tai Fook unveiled its high-end jewellery brand Hearts On Fire, as…
Chow Tai Fook Jewellery Group Ltd, China’s largest jeweller by market value, on Thursday reported a 34 percent rise in full-year net profit, buoyed by improving consumer sentiment and an uptick in mainland tourists arrivals. Net profit rose to HK$4.10 billion…
Chow Tai Fook has partnered with Flont and Adrian Cheng’s venture capital firm C Ventures to launch a jewellery rental service in Asia. Flont, which touts itself as the pioneer of the ‘Jewellery as a Service’ concept, describes the deal as a “massive…
Chow Tai Fook Jewellery Group’s fourth quarter saw e-commerce business soar in Mainland China. Retail sales value grew at the rate of 38 per cent year-on-year accompanied by a volume boost of 34 per cent. During the three months to the end of March, the…
Despite losing popularity with American teenagers and a drop in brand value of 41 per cent, Nike is still way out in front in the Brand Finance Top 50 list of the most valuable apparel brands in the world. In the list, just been release by the independent…
Chow Tai Fook Jewellery Group (1929) said retail sales in Hong Kong and Macau in the third quarter ended December 31, remained unchanged from the same period the year before. Same store sales grew by 5 percent. Gem-set jewelry sales were up by 22 percent,…
Growth momentum has continued for Chow Tai Fook sales as the group looks at further expansion in China. Revenue contribution from Mainland China has increased steadily over the past few years, and contributed more than 60 per cent of group revenue in the…
Renewing the lease for its Queen’s Road shop in Central, fashion brand Topshop Hong Kong has halved the rent. It now has a rate of HK$1.5 million (US$192,000) a month for its 12,000sqft (1100sqm) store on one of Hong Kong’s busiest shopping streets, reports…
Chow Tai Fook Jewellery Group’s e-commerce sales in Mainland China grew 140 per cent year-on-year in the first quarter to June 30. Volume surged 125 per cent. Retail sales value growth overall for China came in a 17 per cent, compared to 7 per cent for Hong…
Chow Tai Fook‘s indirect wholly-owned subsidiary Solomon has signed a joint venture agreement with Golden, Edge, and Group Program Limited, aiming to develop and operate the group’s membership program in mainland China and Hong Kong. Solomon and Golden will…
Weekly Briefing
Monday, Wednesday and a Friday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Read by retail operators, investors and brand teams across Asia.