Retail
Hong Kong shops need new strategy versus mainland
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.
Hong Kong offers rent-free shop premises for start-ups
The programme will run for 7 months.
HK inaugurates shopping festival to boost local SMEs in Mainland China
Over 230 local brands are participating in the event.
High street rents to outperform non-core retail rents
Rents rose 1.0% QoQ and 7.4% YoY in Q2.
HK launches 'E-commerce Easy' to boost Mainland market access
It has a cumulative funding ceiling of $1m.
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.
Ways retailers can start waste reduction efforts amidst charging scheme delay
Experts recommend adopting mono-material packaging and encouraging naked shopping.
Gen Zs taking over consumer preferences in APAC markets
Gen Z consumers are observed to purchase based on pleasure and purpose, whilst also taking into account cost and convenience.
Wellness products key to thriving in Hong Kong's pet economy
In SHOPLINE, probiotics and crocodile meat supplements emerged as top pet products.
Retail sales value plummets 14.7% in April amidst the Easter holidays
Only one retail outlet type recorded an increase in sales.
Retail rents under pressure as sales dip in May
Prime retail street rents, however, have gained momentum.
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Commentary
Progressive rating system to impact mid-to-luxury residential properties in Hong Kong