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Retail Asia25/07/2017

“Spectacular” sales acceleration helped return watch company Swatch Group return to profits growth in its first half, says CEO Nick Hayek. And China is at the core of the rapid turnaround, suggesting the end has arrived of the luxury watch sector’s dry spell. Swatch’s factories this month are running at maximum capacity, Hayek says, with […]

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Retail Asia25/07/2017

A “significant” drop in Bossini profit attributable to its owners is expected for the year to the end of June. Its board says the group expects only a small profit close to breakeven, compared to the profit attributable to the owners of HK$292 million (US$37 million) for the previous year. It says reasons for the […]

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Retail Asia25/07/2017

Honestbee Food restaurant delivery service has been extended to Hong Kong. This follows the grocery and concierge service Honestbee partnering last month with eight major supermarkets, including UK retailer Tesco. To mark the launch of the meal-delivery service, Honestbee Food is offering special deals to Hong Kong customers, plus a free delivery promotion, until September […]

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Retail Asia24/07/2017

3 Hong Kong, the mobile arm of Hutchison Telecommunications Hong Kong Holdings (HTHKH), has launched today a new data roaming service, called Roam-in-Command, providing discounted data roaming plans for mobile subscribers traveling 21 countries in three continents. 3 HK’s new Roam-in-Command service comes with four packages. Each pack provides customers with up to 14 days […]

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Retail Asia20/07/2017

Three Mong Kok retailers were raided this week in a joint operation involving police and Department of Health officials. The stores were reported to health officials by a member of the public who suspected the illegal sale and possession of unregistered pharmaceutical products. “Preliminary investigation indicated that the external preparations seized during the operation contained […]

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Retail Asia20/07/2017

Sun Hung Kai Real Estate is spending HK$20 million in what it says is its largest ever marketing promotion aimed at driving foot traffic into 12 malls over the summer holiday season. The campaign launched yesterday (July 18) and will run until August 31. The budget is 10 per cent higher than last year’s and […]

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Retail Asia20/07/2017

Sa Sa sales in Hong Kong and Macau grew by 2.4 per cent for the first quarter, but same-store sales dropped by 2.5 per cent. Sa Sa says the unaudited figures were weaker than the previous quarter, affected by a particularly quiet June which was marked by typhoons and extended torrential rain. With a cool-down […]

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Retail Asia19/07/2017

German headphone brand Sennheiser has opened its first standalone Hong Kong store at The Peninsula Arcade. “We hope to build a close relationship with Hong Kong’s customers by knowing their demand and providing a place where they can experience the perfect sound quality we have achieved,” said Daniel Sennheiser, the company’s CEO, who attended the […]

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Retail Asia18/07/2017

DHL Supply Chain has commenced management of all aircraft maintenance, repair and overhaul logistics activities for Cathay Pacific and Cathay Dragon in the airlines’ home base at Hong Kong International Airport (HKIA), part of a 10-year contract signed earlier this year. The contract will see DHL Supply Chain take overall responsibility for the storage, warehousing […]

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Retail Asia14/07/2017

Harbour City, Hong Kong’s biggest shopping mall, is expanding to provide dining options, decks for viewing the harbour and a permanent home for customs and immigration services for cruise passengers. Work on the five-storey extension to the western end of Ocean Terminal in Tsim Sha Tsui is expected to be finished by the end of […]

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Retail Asia14/07/2017

Homebrew store HK Brewcraft has opened a branch in Tsim Sha Tsui showcasing 200 international beers. It is the company’s second outlet. Its original store in Central houses 300 different craft beers. However, says the company, the new shop is the first in Hong Kong to offer 100 per cent temperature-controlled cellaring for beers, which […]

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Retail Asia14/07/2017

Shake Shack, the burger-and-fries chain founded in New York, will open its first location in Hong Kong next year, setting the stage for a push into the fast-food hotbed of mainland China. The restaurant will be opened with licensee Maxim’s Caterers Ltd. and a total of 14 locations are planned in Hong Kong and Macau through 2027, Shake Shack […]

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Retail Asia14/07/2017

Lip service means the full treatment with drinks and nibbles as well as lipsticks at the pop-up Lips Cafe in Causeway Bay all next month. At T Galleria Beauty by DFS, the pop-up is being created in collaboration with artisanal cafe Habitu to mark the annual DFS First-Class Beauty campaign and the travel retail store’s […]

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Retail Asia14/07/2017

Many Hong Kong retailers plan to open more stores next year, a new JLL survey shows. The realty consultancy firm found that 62 per cent of overseas and local retailers in its survey plan new stores despite predicting a recovery in retail rents in core shopping precincts like Causeway Bay, Central and Tsim Sha Tsui. […]

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Retail Asia13/07/2017

I overheard a young Hongkonger say recently, “I rarely buy anything at shops anymore. I only shop online.” It is not hard to notice the profound effect that e-commerce has had around the world and especially in an emerging and fast-growing market like China. But this phenomenon has yet to fully hit Hong Kong’s major luxury […]

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Retail Asia13/07/2017

Brands are caught in a vicious cycle when it comes to building a relationship with their customers. According to a recent study conducted by global loyalty marketing agency ICLP, a majority of Hong Kong consumers do not expect to get anything in return for sharing their personal details with only 9% reporting that their shopping, payment and […]

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Retail Asia12/07/2017

Online payment solution provider Stripe has launched services in Hong Kong, and announced the formation of new global partnerships with Alipay and WeChat Pay. The launch will provide Hong Kong online businesses with access to Stripe’s entire portfolio, including online marketplace platform Stripe Connect, fraud blocking platform Radar and analytics platform Sigma. With the local launch, Stripe is rolling out […]

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Retail Asia11/07/2017

Hong Kong digital wallet provider TNG Wallet has launched Merchant Dollar, a new service allowing merchants to issue designated dollars under their own brands. Merchant Dollar will allow TNG Wallet users to purchase multiple types of branded Merchant Dollars in advance to be able to make purchases in designated stores without the need for cash, credit cards […]

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Retail Asia11/07/2017

Airport Authority Hong Kong (AAHK) has reported ‘a solid financial performance’ in its fiscal year ending 31 March 2017, with a marginal 1.1% increase in passengers to 70.5m, plus ‘higher revenues from airport charges, airside support services franchises and retail concessions’. AAHK said that total revenue rose by 2.4% to HK$18,627m ($2,385m) thanks to increased passenger and […]

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Retail Asia11/07/2017

Cathay Pacific (CX, Hong Kong Chek Lap Kok) has announced plans to buy out DHL Group of its 40% stake in Air Hong Kong (LD, Hong Kong Chek Lap Kok). Cathay Pacific, which owns the majority 60% stake, said in a Hong Kong Stock Exchange disclosure on Friday, July 7, that it had entered into a non-binding MOU which will […]

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