Retail

February a good month for retail

Total retail sales volume for February less the effects of inflation rose 10% compared to the same month a year earlier. Read ››

“Ganbei!” to Jackie Chan Moutai

But does it have a kick like its namesake? Hong Kong son and international action star Jackie Chan has lent his famous name to a maotai or baiju named "Jackie Chan Moutai." The liquor, launched recently in Beijing, is being produced by Kweichow Moutai Company. Read ››

Hong Kong will top the world in retail rents

Hong Kong’s Causeway Bay is now the second most expensive shopping district in the world, behind New York’s Fifth Avenue and ahead of Tokyo’s Ginza, London’s Bond Street and the Champ Élysées in Paris. Read ››

Fung buys French high-fashion house, Sonia Rykiel

Sonia Rykiel, one of the last family-owned French luxury brands founded by one of the world’s 10 most elegant women, has severed its continental roots and is moving its ownership to Hong Kong. Read ››

Graff Diamonds to open second Hong Kong branch

More IPO glitter comes to Hong Kong. Graff Diamonds, the London-based jeweler that claims to have handled more exceptional gems than any other, will IPO in Hong Kong to finance its expansion within Asia, especially in China. Read ››

Houston and Hong Kong look to more trade

Hong Kong and the largest port city and city in Texas have a lot in common. Read ››

HSBC continues retail banking restructuring

The banking giant sells off four units in just two days. Read ››

Extended dry spell for Chinese grocery retailers

Another quarter of weak sales foreseen after six months of hardship with recovery likely to start only by 2Q12. Read ››

Asia’s retail and consumer industry maintains growth momentum

Online retailing to experience phenomenal growth during forecast period to 2015 amid global economic uncertainty. Read ››

3D-GOLD Jewellery and Bank of Beijing join forces

Hong Kong Resources Holdings Company Limited (“HKRH”) is pleased to announce that 3D-GOLD Jewellery has signed a cooperative agreement with the Bank of Beijing on 6 December 2011 to provide specialised value-added services to VIP customers. Read ››

AEON Stores’ Kowloon flagship store opens in Lai Chi Kok

The store becomes the largest GMS in Kowloon and the new territories. Read ››

Total receipts in retail trade reach $359.5b

Gross surplus increased to $32.6 billion in 2010. According to the results of the 2010 Annual Survey of Economic Activities released by the Census and Statistics Department, the import/export, wholesale and retail trades, and accommodation and food services sectors' total receipts (i.e. Read ››

FreshKon Airis 1-Month contact lenses recalled for silicon oil residue

The Department of Health endorsed the recall of another contact lens product, FreshKon Airis 1-Month contact lenses, by its local distributor Oculus Optical (H.K.) Co., Ltd. Read ››

Care to go shopping at Pedder Street?

You better be cashed-up as Hong Kong ranked second most expensive shopping destination. Read ››

Don’t be fooled by Hong Kong's strong sales growth in 2011

UBS says 2012 will see sales growth 'coming back to earth' due to these three reasons. Read ››

Shop raided for misrepresenting chilled meat as fresh meat

The Food and Environmental Hygiene Department raided a fresh provision shop in Ngau Chi Wan, Wong Tai Sin, which has been complained of for selling chilled meatas fresh meat. Read ››

DoH warns against slimming products with banned and undeclared ingredients

The Department of Health has again appealed to members of the public not to buy or consume slimming products of unknown or doubtful composition as they may contain undeclared drug ingredients that are dangerous to health. Read ››

Thailand grocery retailers enjoy robust profit growth

But analyst warns against looming risks from regulatory constraints and market saturation. Read ››

Ka-ching!: Retail sales in September up 24.1%

The volume of sales of electrical goods and photographic equipment increased the most with 33% growth. Read ››

Lunar New Year fair stalls to open for auctioning

1,171 wet goods stalls, 817 dry goods stalls, eight thematic stalls and 16 fast food stalls will be put up for auction. Read ››

HKRH’s retail sales under 3D-GOLD Brand surged 113% during the National Day Golden Week Holiday

Sales of 3D-GOLD’s self operated and franchised shops in China soared 115%. Read ››

Proprietary Chinese medicine tainted with western drugs recalled

The Department of Health ordered a licensed proprietary Chinese medicine importer and wholesaler, Ocean Pharmaceutical Limited, to recall its product Cardiotium. Read ››

August retail sales up 29%

But volume of sales of furniture and fixtures fell 1.8%. Read ››

Fancy some wine? Apparently not

For the first time in almost 20 sales Sotheby’s was left with one bottle too many of Chateau Lafite Rothschild after failing to attract buyers. Read ››

Safety standards for toys and children's products to be updated

The Government has proposed the adoption of the latest safety standards promulgated by the relevant standards institutions for toys and eight types of children's products designated under the Toys and Children's Products Safety Ordinance. Read ››

Hong Kong takes a bite of Apple

Apple opened its first store in Hong Kong amidst growth of retail sales driven by spending from visiting Mainlanders. Read ››

Active Group begins HKSE Main Board IPO

The group targets to raise HK$549mn from 300mn shares ranging from HK$1.20 to HK$1.83 per share. Read ››

Massimo Bonini's concept store opens in Hong Kong

Massimo Bonini, a renowned Italian showroom for Italian brand name shoes and accessories, announced the unveiling of its first worldwide concept store in Hong Kong. Read ››

Hongguo to offer 500mn shares in IPO

40% of the net proceeds is aimed for expansion of its retail network. Read ››

Restaurant in Sham Shui Po gets suspension order

A restaurant in Sham Shui Po was ordered by the Director of Food and Environmental Hygiene to suspend business for 14 days. Read ››

Retailers prosecuted, fined for selling short-weighted fruits

Seven fruit retailers have been fined from $1,000 to $3,400 under the Weights and Measures Ordinance after pleading guilty in court to selling short-weighted fruits in the first eight months of this year. Read ››

Apple to open its first store in Hong Kong

No specific date was disclosed but a spokesperson said the store will open this quarter. Read ››

Li Ning’s earnings drop 49% to RMB 294m in 1H11

HSBC projects its net profit will plunge 55% in 2011. Read ››

China to outgrow Hong Kong in luxury markets: report

The growth of luxury markets in China will outperform Hong Kong in the long term, based on a financial report. Read ››

Recall of Neurolite for Inj with Buffer Vial

The Department of Health instructed a licensed drug importer, Global Medical Solutions, to recall two batches of Neurolite for Inj with Buffer Vial from users. Read ››

Three reasons why mainland tourists shop in Hong Kong

HSBC cites the reasons why mainland tourists have been flocking to the country to satisfy their shopping needs. Read ››

Long live the “walking ATM’s”: Hong Kong's retail sales surge 24%

HSBC says the high demand is driven by the “walking ATMs”, or the Chinese mainlanders who pay with cash. Read ››

Sun Art Retail Group profit up 41.5%

The hypermarket operator, which debuted in Hong Kong trading in July, reported $122.7m profit for the first half of 2011. Read ››