Retail
Sleekflow bags $62.79m in Series A funding round
The new round followed a seven-figure pre-series A funding round last year.
3 in 5 in-store shoppers browse candy shops for holiday gift ideas
Online shoppers, however, tend to look to video games and electronics for inspiration.
Business receipts of major service industries drop double digits in Q1
Food services had the biggest decline at 23.1% YoY.
More consumers say unmanned stores safer to visit
Reduced human interaction was a key safety benefit.
Retail sales drop 13.8% YoY in March
The local epidemic situation dampened consumption confidence.
SME business confidence plummets in Q2 2022 amidst fifth wave
If the fifth wave continues, 46% of SMEs expect their businesses to last for 6 months at most.
Prepare to go cashless or pay the price
One in three consumers will abandon a purchase if they cannot pay for it digitally.
Retail sales drop 14.6% YoY in February 2022
The tightened measures against COVID-19 weakened consumption sentiment.
Retail sales value up by 4.1% in January
The growth, however, was lower than the December 2021 record of 6.1%.
Here's why 2022 is going to be a ‘slightly’ worse year for retail in HK
Retail sales growth is expected to be lower in 2022 at 7%.
Growth in retail sales to crash to 0% in 2022 if…
In 2021, the growth in retail sales was 8.1%.
Hong Kong retail sales up 8.1% to $353b in 2021
The retail sales value, however, was 27.3% below the 2018 level.
China, Hong Kong share of sales in top 100 luxury goods rises to 8.9%
Chow Tai Fook Jewelry Group from China/HK SAR was amongst the top 10 companies.
Should Hong Kong’s brick-and-mortar retailers ride the e-commerce wave?
Surprisingly, retailers will need to cater more to the 62.1% of Hong Kongers who prefer to shop in-store.
Israel and Hong Kong forge fertile business bonds
The Head of Economic and Commercial Mission for the Consulate General of Israel says several of its companies are keen on entering the Hong Kong...
Retail sales jump 12% YoY to $30.7b in October
A government spokesman attributed the increase to entrenched economic recovery.
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