Retail
Hong Kong's overall retail sales slipped by 2.7%
Hong Kong's overall retail sales slipped by 2.7%
Market's asset value has dropped massively by 29%.
Weak retail sentiment drives down shop rents in core areas by 15.7%
Decline decelerating after 3Q15 slump, though.
Chow Tai Fook, Luk Fook hint of possible profit decrease by at least 40% y/y
They issued profit warnings recently.
Luxury retailers starting to get hurt by Hong Kong's bad retail trends
Retailers are reassessing real estate requirements.
Hong Kong luxury retailers mulling strategy overhaul
Due to slowdown in luxury retail sector.
Food, alcohol, tobacco sales grew 22.8% y/y in September
Mid-Autumn festival is the possible growth driver.
Fierce competition dragged Sa Sa's group sales by 12.4% to HKD2b
HK sales dropped 13.2%.
Foundation stone laying ceremony for the new Patek Philippe building in Plan-les-Ouates
In January 2015, Patek Philippe announced its decision to strengthen its presence in Geneva with the construction of a new building on its...
August retail sales down 5.4% YoY to HK$37.9 billion
Sluggish inbound tourism is blamed.
Lower gold price leads to unexpectedly better 2QFY16 for Chow Tai Fook
But overall HK retail conditions continue to slide.
Hong Kong retail sales take 5.4% y/y dip in August
Visitor spending believed to have been weak.
Muslim tourists spent $62 billion in shopping and dining
Where are there favorite destinations?
Why Hong Kong's overdependence on mainland China market proved to be dangerous
Retailers are now reeling in pain.
Hong Kong no longer the go-to place for cheaper luxury items: CLSA
A Louis Vuitton Speedy 30 bag is now 20% cheaper in Japan.
Hong Kong's July retail sales down 2.8% to $37.6b
Again, visitor spending was weak.
Check out these charts showing rich Chinese vs HK shoppers' priority shopping list
Hong Kongers prefer to go big on travel categories.
Li & Fung 1H15 profit slides 19.7% to $182m
Moody's says no ratings impact, however.
Read Here
Advertise
Sign Up
Commentary
Progressive rating system to impact mid-to-luxury residential properties in Hong Kong