Retail

30 Sep 20
Businesses will be prioritizing shopping and payment experience improvements.
2 Sep 20
The retail business environment will remain very difficult in the near term, says a government spokesperson.
3 Aug 20
The decline softened as the local epidemic abated during the month.
23 Jul 20
They are planning to close five shops in Hong Kong.
8 Jul 20
The district’s diverse trade mix lends it to more sustainable rents.
7 Jul 20
Landlords are still reluctant to substantially cut rents.
5 Jul 20
The extended operating hours that the internet allows has attracted merchants towards selling online.
1 Jul 20
It narrowed from April following a stabilised local epidemic situation.
30 Jun 20
This includes a new 7-Eleven concept shop and a revamped Market Place.
25 Jun 20
Its turnover likewise crashed 28.3% YoY over the same period to $2.91b.
24 Jun 20
The two methods are rising at CAGR of 12% and 11%, respectively.
23 Jun 20
The pandemic has set in motion a complete change in customer shopping behaviour.
17 Jun 20
The 47-storey development building is slated to be the tallest CBD 2.0 building.
17 Jun 20
However, the online penetration rates in the area still have ample room to grow.
16 Jun 20
Omnichat is a messaging platform and can also monitor ecommerce movements.
11 Jun 20
A surge in gold price and weaker Hong Kong sales dragged down revenues.
2 Jun 20
C&SD says 15,000 retail stores will be closed by the end of 2020.
2 Jun 20
The plunge was led by sales of jewellery, watches and clocks, and valuable gifts.
19 May 20
Landlords are only willing to cut rents by 10-20% instead of the requested 50% by retailers.
6 May 20
Jewellry, watches and clocks and valuable gifts saw the sharpest decline.
5 May 20
Some food service chains have reduced operating hours.
29 Apr 20
One-off tiered subsidies will be provided to parlours, massage establishments, and party rooms.
1 Apr 20
The sector took a blow from the COVID-19 pandemic.
30 Mar 20
Thousands of employees in the industry are set to lose their jobs in the next six months.
3 Mar 20
Value of sales dropped 21.4% to $37.8b compared to a year earlier.
27 Feb 20
Consumers prefer to pick up an item in-store after purchasing it online.
11 Feb 20
Tourist arrivals and retail sales already affected by unrest are tipped to worsen.
5 Feb 20
Jewellery, watches and clocks, and valuable gifts continue to lead the decline.
21 Jan 20
These were mostly under the hospitality, retail and logistics industries.
15 Jan 20
Amidst uncertainties, China’s stimulus policies and Sino-US trade negotiations could provide some relief.
8 Jan 20
Sales of luxury goods fell 43.5% despite the Christmas season.
11 Dec 19
Business sentiment was also at its lowest since 2012.
9 Dec 19
In August alone, tourist arrivals plunged 40% in its sharpest decline since the 2003 SARS crisis.
4 Dec 19
Luxury items continued to lead declines with a 42.9% drop in sales value.
18 Nov 19
The watch was auctioned for charity at a whopping price of CHF31m.
14 Nov 19
Rents in Russell Street can go as high as $2,745 psf per year.
6 Nov 19
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...
6 Nov 19
Retail sales are expected to stay weak in the near term as local social incidents continue.
24 Oct 19
Half of retailers admit that their digital investments are influenced by their competitors.
16 Oct 19
Retailers are “running out of money” and expired leases were not being renewed.