Retail

Patek Philippe Salons exhibit largest “Rare Handcrafts” collection

Discover the new Patek Philippe “Rare Handcrafts 2024” collection, with a total of 82 timepieces combining technical prowess with unlimited creativity...
5 hours ago

Patek Philippe Salons exhibit largest “Rare Handcrafts” collection

Discover the new Patek Philippe “Rare Handcrafts 2024” collection, with a total of 82 timepieces combining technical prowess with unlimited creativity...
5 hours ago

Local spending trends cast a shadow on Hong Kong retail rent growth

High street rents in retail areas grew modestly in 1Q24, by 0% to 1% QoQ.
23 hours ago

Reliance on third-party data may affect competitiveness: report

Seven in 10 brands heavily rely on third-party data.
1 day ago

NWD taps Visa to enhance loyalty rewards under the K Dollar Program

Customers can now instantly earn loyalty rewards through the K11 HK app.

Gov’t sets up 'Silver Economy' panel

The panel will explore the economic potential of Hong Kong's growing elderly population.

Why Hong Kong's retail sector may face talent shortage in 2024

Employee expectations to contribute to manpower crunch in the industry.

3 key strategies for Hong Kong retailers to amplify sales in 2024

Implementing one of these strategies has shown conversion rates between 50%-70%.

Loyalty- and tech-driven strategies key to effective returns management

Experts vouch for third-party services to leverage the potential of return policies.

Provisional retail sales up 7.8% YoY in December 2023

For the whole year, Hong Kong saw a 16.2% increase in retail sales value.

High street shop rents rise 14.8% YoY in 2023

In 2024, experts expect rents to climb by only 5%-10%.

Retail sales up 13% YoY to $31.8b in September

Online retail sales accounted for 11% of the total value.

Unit sales of tech and durables market drop 7% YoY in 1H23

Across subsegments, IT recorded the biggest drop in value USD terms, falling -22%.

Retail sales up 13.7% YoY to $32.4b in August

The sector will continue to benefit from the growth of inbound tourism.

Brands that act with empathy win trust of Hong Kong consumers

An IPSOS report showed that consumers’ trust towards businesses has been eroding.