Retail
Retail sales crashed 42% to $23b in March
Jewellry, watches and clocks and valuable gifts saw the sharpest decline.
Retail sales crashed 42% to $23b in March
Jewellry, watches and clocks and valuable gifts saw the sharpest decline.
Local household spending to shrink 5.2% in 2020
Some food service chains have reduced operating hours.
Government to roll out subsidies for some leisure firms in May
One-off tiered subsidies will be provided to parlours, massage establishments, and party rooms.
Retail sales down 44% to $22.7b in February
The sector took a blow from the COVID-19 pandemic.
Hong Kong's retail sector may see its worst period yet as stores close down
Thousands of employees in the industry are set to lose their jobs in the next six months.
January retail sales remain severe amidst COVID-19 outbreak
Value of sales dropped 21.4% to $37.8b compared to a year earlier.
Shoppers shun online shopping apps: study
Consumers prefer to pick up an item in-store after purchasing it online.
Hong Kong retail firms brace for more nCov impact
Tourist arrivals and retail sales already affected by unrest are tipped to worsen.
Retail sales down 19.4% to $36.2b in December
Jewellery, watches and clocks, and valuable gifts continue to lead the decline.
Hong Kong's retail market to shrink 2.5% in 2020: PwC
Amidst uncertainties, China’s stimulus policies and Sino-US trade negotiations could provide some relief.
Retail sales plunged 23.6% in November
Sales of luxury goods fell 43.5% despite the Christmas season.
PMI plunges to 15-year low in November
Business sentiment was also at its lowest since 2012.
Retail sales plunge 24.3% to $30.1b in October
Luxury items continued to lead declines with a 42.9% drop in sales value.
Patek Philippe's sole Grandmaster Chime in steel crowned as world's most expensive watch
The watch was auctioned for charity at a whopping price of CHF31m.
Causeway Bay remains the world's most expensive shopping street in 2019
Rents in Russell Street can go as high as $2,745 psf per year.
Retailers turn to experiential selling to combat sales slump
Brands are urged to enhance their own mobile platforms in an effort to sustain the connection with customers long after they have left the store.
Retail sales down 18.3% in September
Retail sales are expected to stay weak in the near term as local social incidents continue.
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