Topic
292 stories in this topic
China is supposedly set to report new financial arrangements in Macau in potential scorn to protest-stricken Hong Kong. Xi Jinping will visit Macau next Monday to recognize the city’s twentieth jubilee come back to China. The President’s visit and the…
Hong Kong-headquartered Luk Fook group has followed its archrival Chow Tai Fook in revealing plans to shutter stores in the territory’s tourist areas – but it sees growth opportunities in Macau. “The group will reduce the number of shops in areas which are…
Best Mart 360, the Hong Kong-listed ‘leisure-food retailer’ opened its first store in Macau yesterday. The company – which has suffered vandalism to some 75 of its Hong Kong stores during recent protest activity – believes there is potential for as many as 15…
Beijing has directed state-owned banks and enterprises to help set up infrastructure in Macau to aid financial diversification, and to serve as a contingency plan if the situation in Hong Kong worsens. Two officials who helped develop the Shanghai stock…
Macau is facing one of the toughest years ever in its presence in China. The enterprise is facing the first time a decline in annual gaming revenues during the last 3 years. Macau first came to China 20 years ago. Macau has managed to revolutionize the…
Ikea says it plans to open in Macau in the first quarter of next year. Located in Taipa, the Ikea Macau store will occupy an area of 90,000sqft, offering a wide range of home furnishing products. The new store will feature several showrooms, an Ikea cafe, and…
DFS Group has become the first international retailer to activate WeChat facial-recognition payment outside Mainland China. Authorized by the government of Macau, DFS Group has trialed 10 WeChat facial-recognition devices at T Galleria DFS. After Macau…
American upscale casual-dining restaurant The Cheesecake Factory in Macau is set to open in Sands Cotai Central. The more than 8500sqft restaurant, which will be operated by a subsidiary of Maxim’s Caterers Limited, will offer fresh from-scratch dishes and…
Sands Resorts Macao will host the Sands Macao Fashion Week 2019 from October 17 to 23 with a week of fashion shows, exhibitions and promotions. The event, being held for the third time, is designed to showcase the many retail outlets at Sands Shoppes Macao…
Italian high-end watchmaker Panerai has opened its renewed Galaxy boutique in Macau. The 42sqm store joins the existing locations in Wynn Macau and Wynn Palace and is located at the Galaxy Macau resort on Cotai Strip, where the most prestigious local hotels…
Emperor Watch & Jewellery sales rose strongly in Hong Kong and Macau last year, due to a rebound in tourism in the first half and the opening of new stores. Hong Kong remained the group’s core market, with sales there up 19.6 per cent. In Macau, sales rose…
Chinese sportswear retailer Xtep has signed a deal with Wolverine World Wide to distribute Merrell and Saucony products in Mainland China, Hong Kong and Macau. The joint venture plans to start operating in the second half of this year. “We are delighted to…
Sands China mall revenue rose 5.8 per cent last year as Mainland China visitor numbers rebounded. Sands China owns The Venetian Macao, Sands Cotai Central, The Parisian Macao and The Plaza Macao shopping centres which boast a combined 1.87 million sqft of…
An unseasonably warm winter and weak consumer sentiment in core markets has been blamed for a more than doubling of losses for Bossini International in the six months to December. The casual-fashion retailer reported a 10 per cent decline in group revenue to…
Luxury fashion retailer Tod’s says Greater China sales rose 3.2 per cent last year, to reach €218.7 million. Releasing annual sales results, the Italian-based company said Greater China sales growth accelerated during the fourth quarter, especially on the…
I.T Group sales slipped in the company’s home market, but the fashion retailer is achieving high growth in Mainland China, the US and Japan. Unaudited sales data for the three months to November show an 8.5 per cent year-on-year improvement in Japan and the…
