Retail
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.
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.
August retail sales plunge in worst performance on record since 1998
Sales crashed 23% in August, worse than that recorded during the Asian Financial Crisis.
Retail sales fall 11.4% to $34.4b in July
Sales of jewellery, watches and clocks, and valuable gifts crashed 24.4% YoY.
Landlords offer rental cuts amidst worsening economy: report
Retail rents in prime areas could fall by as much as 10% in 2019.
Year-end retail sales may fall by up to 8.1% as protests ravage Hong Kong
The sales decline may be even worse than the 2014 Occupy Movement.
Retail sales fall 6.7% to $35.2b in June
Sales will likely be subdued due to the weak economic outlook and ongoing demonstrations.
Luxury retailers halt expansion plans as sales weaken
As a result, non-luxury retailers are moving on in core areas outside Central.
Skyrocketing rents hit Hong Kong retailers hard
Retailers are burdened by leasing costs as high as $20,864 annually.
Large-scale retailers take advantage of Hong Kong's prime office shopping boom
Recent woes in the retail sector made landlords increasingly open to different concepts.
Hong Kong retail sales to dip 5% in 2019: PwC
Consumer experience is key to combat sales slump as tourist arrivals slow.
Retail sales down 1.3% to $40b in May
This was blamed on the late arrival of the Labour Day holidays on Mainland.
Retail sales slipped 4.5% in April
Sales of jewellery, watches and luxury goods sector fell 11.4%.
Retail sales volumes dipped 0.8% in March
Upgrades in transportation links may not be strong enough to offset visitors' weakening purchasing sentiments.
China-specific Pitfalls and Mitigation Strategies in Procurement Transformation
By Wen CHEN, Principal at Oliver Wyman
Retail sales dropped 10.1% in February
Consumer durable goods led the outlet-wide declines at 18.4%.
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