Chow Tai Fook

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Retail Asia24/03/2016

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The Chow Tai Fook brand took almost 90 years to become a family empire spanning Hong Kong shopping centers, the world’s largest jewelry chain and casinos to give patriarch Cheng Yu-tung a $10 billion net worth. Alibaba Group Holding Ltd.’s founder Jack Ma needed less than five years to amass an e-commerce fortune almost triple that. Now, […]

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Retail Asia07/03/2016

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Hong Kong retail sales, which suffered their worst decline in 13 years last year, saw weak sentiment extending into January on slumping tourist arrivals, weak local consumption and a strong local currency. Retail sales in January slid 6.5 per cent from a year earlier to HK$43.6 billion (US$5.61 billion) in value terms, compared with an […]

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Retail Asia24/02/2016

Chinese New Year sales for the Chow Tai Fook Jewellery Group took a dive in Mainland China, Hong Kong and Macau. Unaudited figures for the period, from January 25 to February 14, show the value of retail sales dropped 30 per cent in China and 23 per cent in Hong Kong and Macau – a […]

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Retail Asia23/02/2016

Hong Kong’s top jewellery firm Chow Tai Fook and cosmetics retailer Sa Sa saw sales declines of at least 20 percent during the key Lunar New Year shopping season, as China’s slowing economy weighed on consumer spending. Chow Tai Fook Jewellery Group Ltd, Hong Kong’s largest jewellery firm by market value, saw its retail sales […]

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Retail Asia04/02/2016

Two months after jeweller Chow Tai Fook set up its first shopping mall selling Hong Kong products in the Qianhai free-trade zone, it was offered opportunities by several mainland cities, including Shanghai, inviting it to build such malls in their free-trade zones, a senior management official at the company said. Chan Sai-Cheong, Executive Director of […]

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Retail Asia14/01/2016

Jeweller Chow Tai Fook continues to be battered by the declining number of wealthy Mainland Chinese tourists visiting Hong Kong and Macau. The Hong Kong listed retailer has revealed its same store quarterly sales slumped 23 per cent in Hong Kong and Macau in the three months to December 31 and by 6 per cent […]

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Retail Asia13/01/2016

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Chow Tai Fook Jewellery Group Ltd., the world’s largest listed jewelry chain, said same-store sales in Hong Kong and Macau plunged 23 percent in the final three months of 2015 as fewer mainland Chinese tourists visited the two cities. Same-store sales, for outlets open at least a year, fell 6 percent for those in mainland […]

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Retail Asia29/12/2015

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Market reports on Wednesday claim that Jewelry manufacturing and retail industry are among the worst hit sectors in China due to a slowdown in the country’s economic growth. Shuibei, which was once the mecca for Jewelry retail and production in China, is now feeling the heat in terms of declining number of consumer visits due […]

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Retail Asia16/12/2015

The new Qianhai Chow Tai Fook mall opened its doors in Shenzhen on Monday – selling Hong Kong sourced goods to mainlanders at prices said to be cheaper than in Hong Kong. Officially named the Qianhai Chow Tai Fook Global Goods Shopping Center, the 19,000 sqm mall is a joint venture between jeweller Chow Tai […]

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Retail Asia01/12/2015

Many investors are unfamiliar with the Chow Tai Fook Jewellery Group, but it is in fact the world’s largest publicly traded jewelry chain. The company reported its first half profit for 2015 plunged 42 percent due to weak demand in Hong Kong and Macau and an economic slowdown, Macau Daily Times noted. Chow Tai Fook’s […]

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Retail Asia23/11/2015

Luk Fook has become the second major jewellery retailer this week to warn shareholders of a severe impact on its bottom line. In a filing with the stock exchange yesterday, Luk Fook said it anticipated a decline of about 40 per cent compared to the corresponding period last year. The company said the drop was […]

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Retail Asia20/11/2015

Listed Hong Kong jeweller Chow Tai Fook has warned shareholders its first half profit is likely to be 50 per cent less than for the same period last year. In a statement filed with the stock exchange, the board said the decrease is mainly attributable to the year-on-year decline in revenue brought about by weak […]

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Retail Asia16/10/2015

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Chow Tai Fook Jewellery Group has reported a four per cent year-on-year increase in retail sales in the three months to September 30. The welcome increase was attributed to surge in demand for gold as a result of falling gold commodity price since mid July. The Hong Kong listed company says same store sales fell […]

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Retail Asia09/09/2015

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Chow Tai Fook Jewellery Group is renegotiating store rents and consolidating its retail network in order to manage rental costs, chairman Henry Cheng Kar-shun said on Thursday. Amid a downturn in the city’s retail landscape, the largest Hong Kong-listed jeweller in terms of market capitalisation had also shifted focus to smaller-priced items to attract customers, […]

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Retail Asia11/08/2015

Jeweller Chow Tai Fook has reportedly re-signed a retail shop rental lease at a 40 per cent reduction. It’s a rent reduction which will energise the retail sector, but not doubt send shivers through Hong Kong’s property community. Several listed luxury retailers have in recent months been openly discussing expectations of reduced rents when re-negotiating […]

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Retail Asia07/08/2015

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Hong Kong retail sales fell for the fourth straight month in June as a drop in tourist arrivals continued to hit sales of big-ticket items such as jewellery and watches. Retail sale slipped 0.4 per cent from a year earlier in value terms to HK$37 billion ($4.8 billion) in June. That followed a revised 0.1 […]

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Retail Asia10/07/2015

The days of double-digit sales growth seem like a mirage now. Not long ago retailers were blasé about such numbers when mainland visitor arrivals were at their peak. Now, of the 10-odd shops in a prime stretch of Yee Wo Street in the Causeway Bay shopping district, three premises lie vacant. Prime outlets are also […]

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Retail Asia05/07/2015

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Chow Tai Fook Jewellery Group Ltd., the world’s largest listed jewelry chain by sales, saw the value of its retail sales fell 6 percent in April to June due to weak sales in Hong Kong and Macau. Same-store sales fell by 7 percent in mainland China, and were down 24 percent in Hong Kong and […]

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Retail Asia22/06/2015

A yr on from shopping for Hearts on Hearth, Hong Kong headquartered jeweller Chow Tai Fook stays bullish concerning the model’s prospects in Mainland China, regardless of the static jewelry market. Chow Tai Fook has three standalone shops in China and, one concession there, together with one other concession in Hong Kong. It plans 10 […]

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Retail Asia13/06/2015

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Chow Tai Fook added 180 new factors of sale within the 2015 monetary yr and says it’s going to proceed to increase regardless of the slip in gross sales. The corporate now has 2257 factors of sale, largely in Hong Kong, mainland China and Macau. “Whereas it’s essential to take care of our market management, […]

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