Retail
Gen Zs taking over consumer preferences in APAC markets
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.
Source Green’s bespoke and off-the-shelf solutions propel firms away from plastic packaging
F&B firms can source packaging made from wheat bran, bagasse, and areca palm.
Retail sales value dip by 7% MoM to $31.2b in March
Amongst retail outlets, "jewellery, watches and clocks, and valuable gifts" recorded the steepest decline.
CLP Power launches $58m coupons programme to boost consumer spending
This will benefit around 580,000 households.
Pet economy to boom, reaching $2.7t by 2027
SHOPLINE merchants specialising in pet products grew 27.9%.
Delta Global partners with HK leaders on sustainable retail
Hong Kong consumers' environmental awareness has only increased by 25% over the past two years.
Luxury sustainable packaging expert Delta Global has...
Patek Philippe Salons exhibit largest “Rare Handcrafts” collection
Discover the new Patek Philippe “Rare Handcrafts 2024” collection, with a total of 82 timepieces combining technical prowess with unlimited creativity...
Local spending trends cast a shadow on Hong Kong retail rent growth
High street rents in retail areas grew modestly in 1Q24, by 0% to 1% QoQ.
Reliance on third-party data may affect competitiveness: report
Seven in 10 brands heavily rely on third-party data.
NWD taps Visa to enhance loyalty rewards under the K Dollar Program
Customers can now instantly earn loyalty rewards through the K11 HK app.
Watsons China names Fred Chan and Vivian Nie as co-managing directors
The appointments are effective from April 2024.
Gov’t sets up 'Silver Economy' panel
The panel will explore the economic potential of Hong Kong's growing elderly population.
Why Hong Kong's retail sector may face talent shortage in 2024
Employee expectations to contribute to manpower crunch in the industry.
3 key strategies for Hong Kong retailers to amplify sales in 2024
Implementing one of these strategies has shown conversion rates between 50%-70%.
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