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All retail banks in Hong Kong have set up hotlines for customers to verify the identities of their employees in a bid to battle a flood of phone scam cases. Banking chiefs said yesterday the hotlines – some exclusively for the purpose of verifying employees’…
Luxury duty free and travel retailer, DFS Group, has opened pop-up stores in Hong Kong for the K-beauty brand Hera which the latter is using as a testbed for the global market. The T Galleria by DFS on Canton Road houses four pop-ups, with a launch in early…
Fall in the number of tourists and depreciation in RMB has led to a slight increase in Hong Kong’s unemployment figures. According to the latest labour force statistics released by Census and Statistics Department yesterday, the city-stat’s unemployment rate…
Cosmetics-giant Estée Lauder Companies reported a decline in travel-retail sales in fiscal year 2015 (ended June 30, 2015), despite an increase in global airline traffic and expanded distribution in the channel. The company said that a stronger dollar and the…
Aeon Hong Kong is ramping up its store network expansion in the territory and the mainland. The Japanese retailer’s locally listed subsidiary has set aside HK$420 million to build new stores and refurbish existing ones, MD Christine Chan Pui Man said in…
AS Watson Group has opened its 12,000th store worldwide – in Hong Kong’s Causeway Bay. Perhaps fittingly, the store is a three-storey flagship, at 8000 sqft, the brand’s largest store in Hong Kong. Located on Yun Ping Rd, the new store features the latest…
Li & Fung spinoff Global Brands has reported stronger margins as it continues to shed non-performing brands in favour of higher end products. The group’s total margin continues to rise, growing as a percentage to turnover from 29.7 per cent to 31.7 per cent…
Luk Fook Holdings has opened a three-storey Lukfook Jewellery flagship store in Causeway Bay. The group held a ribbon-cutting ceremony for the new store this week, inviting Japanese cartoon character Rilakkuma to join in the celebrations. Wong Wai Sheung,…
German fashion house Hugo Boss will expand its presence in China, key shareholder Gaetano Marzotto said in an interview in newspaper Welt am Sonntag. Despite slowing growth in the world’s second-largest economy, Marzotto told the paper that he saw the…
The yuan devaluation could force Hong Kong’s retail landlords to cut rents as it threatens to erode shopping in the city by tourists from China, say analysts. A weaker yuan means these tourists will now be spending in a more expensive Hong Kong dollar,…
The Hong Kong fund industry saw net sales drop by almost a half in the first six months of 2015, new figures reveal. The Hong Kong Investment Funds Association (HKIFA) published data on Wednesday which cited a sharp fall in funds to $3.71bn (£2.38bn,…
The founders of Hong Kong retail chain DSC, Mr Hui Ming-shun and his wife Lin Wai-yin, have been arrested after the closure of all 14 of its stores on 3 August. They are said to owe approximately $1.68 million in unpaid wages to their staff. The couple were…
Retailers such as Burberry Group Plc, Kering SA and Chow Tai Fook Jewellery Group Ltd. are pushing landlords to lower rents on existing properties as luxury brands scale back on declining traffic. Commercial rents have dropped the most this year since 2009…
Hong Kong police and customs officers have made the biggest seizure of counterfeit bags and accessories in a decade. The authorities say they netted 30,000 bags in a two day operation on July 28 and 29, details of which have only just been revealed. Customs…
Hysan Development Co chairman Irene Yun Lien Lee says retail locations with proven shoppers’ traffic that have a bustling and unique surrounding atmosphere have become more sought after as retailers compete in an increasingly challenging market. That’s the…
British luxury apparel brand Burberry has opened two more Beauty Box stores in greater China. It follows the opening of Beauty Box’s first Asian store in Korea last December in Seoul’s Coex Mall. Burberry Beauty Box concepts are now trading in Hong Kong and…
