Retail
HK online shoppers prefer to buy from China, Japan, USA
HK online shoppers prefer to buy from China, Japan, USA
Three in four Hong Kong eCommerce shoppers prefer to buy their goods cross-border.
One in four HK shoppers could do away with bricks-and-mortar: survey
Changes in consumer behaviour as an impact of the pandemic may be here to stay.
Treat yourself: Hong Kong’s wealthy buy more luxury items after COVID
Around 48% are inclined to buy more high-end goods after the pandemic.
More incentives await Hong Kongers as firms join vaccine campaign
Fully vaccinated residents get a chance to win up to $10,000 vouchers or small appliances.
Retail sales up 12.1% in April but still below pre-COVID levels
The pause on inbound tourism continues to drag retail sales.
Swire Properties extends $8m incentives to boost HK vaccine drive
Hong Kongers may have a chance to win $10,000 worth of shopping vouchers.
Water Oasis Group posts 34% profit rise despite revenue drop
The Group recorded a $58.8m profit in the six months ending in March 2021.
Sino Malls grant $20m rewards in line with gov’t’s e-vouchers
Sino Malls will be launching a series of exclusive voucher promotions.
China Youzan records RMB168.17m loss in Q1
This increased from the RMB132.28m loss recorded in the first quarter of 2020.
Sun Art Retail profit drops 16.6% in 2021
The retail group linked this to the impact of the pandemic.
Retail outlook still challenged despite 20.1% rise in March sales
The value of total retail sales amounted to $27.6b during March of 2021.
Ready-to-drink tea sales dominated by major brands: Nielsen
Nielsen sees a similar trend emerging in key categories such as shampoo and chocolate confectionary.
Aeon Store HK revenue rises 15.5% to $4.9b
This was attributed to sales growth, effective business plan, and government grants.
Hong Kongers shopping more online during the pandemic: report
42% of the respondents shared the sentiment that e-commerce was helping them through the current crisis.
Online consumers are on the rise, but spending has dropped
The majority of consumers use online shopping to buy daily necessities, clothes and footwear.
Patek Philippe presents a bouquet of technical and aesthetic debuts
The manufacturer is adding a brand-new perpetual calendar with an original in-line display to its rich range of calendar watches.
Domestic spending hits 15-year high
It is estimated to have grown by 3.2% YoY to nearly $320b last year.
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Progressive rating system to impact mid-to-luxury residential properties in Hong Kong