Chow Tai Fook

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Retail Asia29/03/2018

Despite losing popularity with American teenagers and a drop in brand value of 41 per cent, Nike is still way out in front in the Brand Finance Top 50 list of the most valuable apparel brands in the world. In the list, just been release by the independent brand valuation and strategy consultancy, Nike’s main […]

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Retail Asia10/01/2018

Chow Tai Fook Jewellery Group (1929) said retail sales in Hong Kong and Macau in the third quarter ended December 31, remained unchanged from the same period the year before. Same store sales grew by 5 percent. Gem-set jewelry sales were up by 22 percent, while gold products sales slipped by 1 percent in the […]

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Retail Asia23/11/2017

Growth momentum has continued for Chow Tai Fook sales as the group looks at further expansion in China. Revenue contribution from Mainland China has increased steadily over the past few years, and contributed more than 60 per cent of group revenue in the half-year to the end of September. China delivered 16.3 per cent growth […]

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Retail Asia09/11/2017

Renewing the lease for its Queen’s Road shop in Central, fashion brand Topshop Hong Kong has halved the rent. It now has a rate of HK$1.5 million (US$192,000) a month for its 12,000sqft (1100sqm) store on one of Hong Kong’s busiest shopping streets, reports Asia real-estate intelligence group Mingtiandi. The new deal gives the UK-based […]

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Retail Asia19/07/2017

Chow Tai Fook Jewellery Group’s e-commerce sales in Mainland China grew 140 per cent year-on-year in the first quarter to June 30. Volume surged 125 per cent. Retail sales value growth overall for China came in a 17 per cent, compared to 7 per cent for Hong Kong/Macau, unaudited figures show. Same-store-sales growth for China […]

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Retail Asia08/06/2017

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Chow Tai Fook‘s indirect wholly-owned subsidiary Solomon has signed a joint venture agreement with Golden, Edge, and Group Program Limited, aiming to develop and operate the group’s membership program in mainland China and Hong Kong. Solomon and Golden will each own a 40% stake in the new joint venture, while Edge will own the remaining 20%. […]

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Retail Asia15/05/2017

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Chinese jewelry retailer Chow Tai Fook announced a cooperation agreement with DFS Group, an American luxury retailer catering to the traveling public. Under the agreement, Chow Tai Fook will open a store at DFS’ T Galleria Hawaii in May 2017. This is reportedly Chow Tai Fook’s second store in America. In November 2016, Chow Tai […]

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Retail Asia03/05/2017

With Hong Kong-listed jeweler Chow Tai Fook recently laying claim to the world’s most expensive cut diamond ever—sold at a Sotheby’s auction on April 4—the increasingly iconic Jewellery Group this week announced the further expansion of its global footprint, with the opening of its second American retail outlet, and the company’s first own-branded boutique in […]

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Retail Asia25/04/2017

Same store Chow Tai Fook sales in Hong Kong and Macau “continued to show a sequential improvement” during the first quarter of the year. The trend reverses 12 consecutive quarters of decline by the Hong Kong-listed jeweller, the first increase since last last three months of 2014. Chow Tai Fook says Mainland China same-store sales […]

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Retail Asia14/04/2017

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Chow Tai Fook saw positive retail sales growth in the fiscal fourth quarter, ending a long run of declines at the Hong Kong-based jeweler. Retail sales in mainland China increased 16%, with same-store sales rising 12% during the three months that ended March 31, the company reported Wednesday. Overall retail sales in Hong Kong and […]

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Retail Asia11/04/2017

Hong Kong jewellery company Chow Tai Fook has paid a record HK$553 million (US$71.2 million), including fees, for the illustrious Pink Star diamond. This makes the diamond the most expensive precious stone sold at auction. The sale relieves auction house Sotheby’s of unwanted inventory it was forced to take on three years ago. Measuring 2.69cm […]

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Retail Asia24/03/2017

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Hong Kong’s retailers and mall operators are crossing their fingers in the hope that the signs of recovery in tourist arrivals and the return of spending aren’t flashes in the pan. Jewellers like Chow Tai Fook and retailers are reporting that the pace of their sales declines have slowed, indicating that the struggling industry may […]

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Retail Asia20/03/2017

Hong Kong jeweller Chow Tai Fook is looking to Japan for growth to compensate for its challenges in greater China. The company is about to open a shop inside the Laox duty-free shopping centre in Tokyo’s Shinjuku district, a prime destination for Chinese tourists to the city. Currently, Chow Tai Fook operates just 19 of […]

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Retail Asia25/11/2016

A 23.5 per cent drop in revenue to HK$21.526 billion (US$2.775 billion) was recorded by Chow Tai Fook Jewellery Group for its latest six months. Its interim results for the period to September 30 show same-store sales in Hong Kong/Macau dropped by 25.7 per cent and in China by 20.9 per cent. Gross profit was […]

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Retail Asia21/10/2016

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Chow Tai Fook sales plunged in both Hong Kong and Mainland China markets in the quarter to September 30. By value, same-store sales fell by 30 per cent in Hong Kong and Macau and by 22 per cent on the mainland. By volume, same-store sales in Hong Kong fell 39 per cent, and on the […]

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Retail Asia05/08/2016

From fast-fashion chain H&M to lifestyle brand Maison Kitsune and cosmetics firm Innisfree, mass-market retailers are setting up shop in premises previously occupied by luxury brands in Hong Kong’s prime shopping districts. Aided by falling rents in top locations, accessory, sport and lifestyle retailers are emerging as a new driving force of Hong Kong’s US$60-billion […]

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Retail Asia14/07/2016

A contraction in retail sales at Hong Kong-based Chow Tai Fook Jewellery Group eased somewhat in the quarter ended June, although the world’s largest publicly-listed jeweler still warned of headwinds in China’s luxury goods industry. The group’s quarterly retail sales in Hong Kong and Macau fell 22% on the year, while those in mainland China […]

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Retail Asia13/06/2016

Chow Tai Fook reported profit tumbled 46 percent in the past fiscal year as fewer tourists visited Hong Kong and a downturn in Greater China reduced consumer spending. Profit slumped to $383.6 million (HKD 2.98 billion) in the 12 months that ended March 31, the Hong Kong-based jewelry retailer said. Revenue slid 12 percent to […]

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Retail Asia09/06/2016

Chow Tai Fook Jewellery Group, the world’s largest listed jewelry chain, will be more “selective” in expanding in mainland China, after it posted on Tuesday the steepest decline in full-year profit since it listed locally due to the economic slowdown. Listed in 2011, the jeweler saw its net profit plunge 46% to 2.94 billion Hong […]

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Retail Asia13/05/2016

Hong Kong jewellery retailer Chow Tai Fook Enterprises is diversifying into gaming, and is lead partner in a three-way joint venture developing Vietnam’s second integrated resort casino. After a prolonged delay, work has started on the $4 billion project’s first phase, in the UNESCO heritage city of Hoi An in Quan Nam province. Also involved […]

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