Retail

Retail sales value drops 11.3% YoY in July

Retail sales volume also dropped 13.3% YoY.

PAÑPURI expands into Hong Kong with new store in Tsim Sha Tsui

The brand offers wellness products such as fragrances, beauty products, essential oils, and diffusers.

Stella’s net profit soars 65.7% in H1 2024

The interim dividend stands at HK65 cents (US$5) per ordinary share.

Hong Kong shops need new strategy versus mainland

They must innovate, improve service or partner with their rivals amidst slumping sales.

Hong Kong warns consumers on toilet roll brands that may clog drains

Four toilet paper brands were found to have a high tendency to clog drainpipes.

Hong Kong a ‘pivotal global financial hub’: Knight Frank

Its urban prosperity is the best amongst new wealth hubs. 

Retail sales value fall 9.7% YoY to $29.9b in June

The government attributed the decline to changing consumption patterns.

HK retail landlords boost investments amidst sector downturn

They are enhancing malls through marketing, renovations, and amenities like pet-friendly spaces.

Riviera Plaza in Tsuen Wan for sale

The plaza was completed in 1990.

HK retail leasing market stable amidst shifting consumer trends

The overall high street vacancy rate held steady. The retail leasing market in Hong Kong remained stable in Q2 2024, according to Cushman & Wakefield...

Retail sales decline 11.5% in May

The decline was due to the changes in consumer spending and the weakening Hong Kong dollar.