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Hong Kong retail sales fell for the fourth straight month in June as a drop in tourist arrivals continued to hit sales of big-ticket items such as jewellery and watches. Retail sale slipped 0.4 per cent from a year earlier in value terms to HK$37 billion…
Star-gazers – those who focus on the celebrities, that is – now have an app they can use to find fashion matching what their idols are wearing. A Hong Kong startup has launched an app called Goxip which uses social media, photo recognition technology and news…
For Hong Kong, it’s been one thing after another. A series of anti-China and pro-democracy protests last year prompted stores to close and mainland tour groups to cancel bookings. Meanwhile, a slowing Chinese economy and President Xi Jinping’s anti-corruption…
Hong Kong’s retailers remain pessimistic about their industry prospects, with a survey from the Hong Kong Productivity Council suggesting that the sector’s business confidence is at three-year low. The Standard Chartered Hong Kong SME Leading Business Index…
Hong Kong International airport (HKIA) has welcomed the summer season with various promotions. These include special offers such as cash coupons with savings of up to HK$700 ($90) and complimentary local delivery service. From July 31 to August 11, travellers…
Multi-Level Marketing (MLM), a type of Direct Selling System, is a marketing strategy where the company’s sales force is highly dependent on the salesmen they have hired in different tiers of selling. This is a marketing strategy in which the sales force is…
Hong Kong-listed shoe retailer Daphne International Holdings has issued a profit warning as it shutters nearly 200 stores. Daphne operates the Daphne and Shoebox retail brands in Mainland China. The company has reported the year on year, same store sales fell…
Residential property prices in Hong Kong reached a record high in May, increasing more than 20% compared with the same month last year. The growth in values continues despite the government’s series of property market cooling measures. The transaction volume…
Luxury goods retailer Hermes says a slowdown in sales in Hong Kong has been more than offset by solid Japanese trade. Hermes International has reported a 22 per cent increase in second-quarter sales as growth in Japan took off, consumers finally opening their…
It’s important for investors to be aware of the subtle differences between key Asian countries, according to a survey by BNY Mellon and analytics and advisory firm Oxford Metrica. The study looked at trends across Singapore, Taiwan, Hong Kong and South Korea,…
Eyewear chain Optical 88 is narrowing its Mainland China losses as its sales improve. A subsidiary of Hong Kong-listed Stelux Holdings, Optical 88 has 227 stores in Hong Kong, Macau, Mainland China, Singapore, Malaysia and Thailand. Group sales rose just one…
Denmark’s Countless Jewellery has made its Asian debut, opening its first retailer in Taiwan. The opening marks Infinite Jewellery’s fourth continent and 23rd worldwide market. Earlier in June it opened its first retailer in Estonia. Its merchandise at the…
Luxurious jeweller King Fook says it misplaced $149.25 million within the yr to March 31, blaming the Occupy Central protest motion and the decline in cashed up Mainland buyers. The group’s turnover from its retail enterprise plunged 27.eight per cent to…
Standard Chartered Private Equity has invested in Crystal Jade Group to help Louis Vuitton accelerate the restaurant group’s Asian expansion. Crystal Jade operates over 100 outlets ranging from fine dining, casual and specialty restaurants to bakeries across…
Jeweller Luk Fook says regardless of a 17.1 per cent fall in gross sales within the final monetary yr, it nonetheless achieved its second greatest gross sales yr on report. And it says specializing in gem-set gross sales, with larger margins, meant its…
Listed QSR operator Cafe de Coral has reported an eight per cent rise in similar retailer gross sales and a robust efficiency in Hong Kong, regardless of difficult mainland China market. The corporate launched its 2015 yr financials as we speak (June 23)…
