Retail
Retail sales drop 7.1% YoY amidst consumption pattern shift
Retail sales drop 7.1% YoY amidst consumption pattern shift
Mainland tourists opt for experiential and cultural consumption.
Hong Kong retail sales decline by 7% YoY in 10M 2024
However, mainland visitors were key drivers of retail sales, accounting for 12% in 2023-6M24.
Canon HK names Gary Lee as new CEO
He joined the company in 1997.
Retail sales drop by 7.3% YoY in November 2024
Online sales accounted for 9.3% of the total, a 7% year-on-year decrease.
HKRITA creates new lab for sustainable development of textiles
The 20,000-sq. ft. R&D space aims to showcase innovative solutions.
Hong Kong, China told to ban ‘zero-dollar’ tours
Retailers should improve customer service and create unique experiences to stay in the game.
Japan’s Kaneko Optical opens first directly managed store in Hong Kong
It offers handcrafted eyewear produced at the brand's factories in Japan.
HK retail sales down 2.9% YoY in October
This follows a 6.9% decline last month.
9 in10 HK firms expect cross-border e-commerce to drive sales growth
The global B2C e-commerce sales will reach $46.7t (US$6t) this year.
Chow Tai Fook reports 20.4% drop in revenue amidst demand decline
Macroeconomic externalities and high gold price volatility drove down the demand.
Hong Kong accounts for 45% of second-hand toy sales in Asia
It is the second highest earner from secondhand item sales in the region.
Tsim Sha Tsui ranks fourth globally, tops APAC in retail rents
Rents in the shopping street rose 7% YoY.
Retail sales value fall to $29.6b in September
Most retail outlet types recorded a sales decline.
Retail market sees strong leasing activity led by premium deals
Key transactions include Emperor Watch's 5-year lease in Shanghai Bank Tower.
K11 MUSEA bridges art, culture, and retail
Visitors find top-tier brands and museum-grade art pieces at the cultural-retail landmark.
Interest rate cut in retail set to boost disposable income
The single-digit vacancy rate in high-street shop rents grew by 1% QoQ in Q3 2024.
Hong Kong retail sales down 10.1% in August
It was due to changing consumption patterns, a strong Hong Kong dollar, and increased summer travel.
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