Retail
Chow Tai Fook reports 20.4% drop in revenue amidst demand decline
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.
Deliveroo opens new Hop site in Yau Tsim Mong District
The site will initially offer 1,800 grocery items.
Here's how many days a Hong Konger must work to afford the latest iPhone
The new iPhone 16 Pro (128 GB) retails for $8,599.
Chief Execuive Lee talks green cooperation with Qinghai governor
Direct flights between Hong Kong and Xining resumed in July.
HKRITA and H&M opens research facility for sustainable textile and fashion industry
It is located at the Advanced Manufacturing Centre in Tseung Kwan O InnoPark.
Chow Tai Fook Jewellry taps Gabriela Ferreira as international general manager
She will focus on enhancing brand desirability and identify new growth opportunities.
Alternative payments is top choice for e-commerce purchases in Hong Kong
It accounts for 41.7% share in 2023.
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.
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Commentary
Progressive rating system to impact mid-to-luxury residential properties in Hong Kong