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Retail Asia13/02/2017

The retail sector in Hong Kong recorded the poorest annual sales in nearly two decades last year, according to a report by the ‘Nikkei Asian Review’. The Hong Kong government argues that this ‘annus terribilis’ partly responds to the declining number of Chinese tourists visiting the territory. The report reveals that retail sales in Hong […]

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Retail Asia13/02/2017

Despite a return of mainland Chinese tourists to mark the start of the Year of the Rooster, it might be too early to celebrate for Hong Kong retailers. Sales will continue to fall this year, according to industry observers. Thomson Cheng Wai-hung, chairman of Hong Kong Retail Management Association, estimates the territory’s retail sales will […]

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Retail Asia11/02/2017

Online eyewear retailer SmartBuyGlasses has opened a physical store at Kennedy Town. Located beside the suburb’s MTR station, the store displays and sells well-known designer brands of eyewear. The store, the first in Hong Kong, marks a step from online to offline which the company’s co-founder David Menning describes as “an exciting new chapter for […]

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Retail Asia08/02/2017

Katherine Brady, founder of online baby bouquet retailer Dotty Bee, is to sell the business ahead of leaving Hong Kong. Dotty Bee was established in 2011 and has since expanded into Singapore and Spain, with potential to add other markets. Beside online sales, the company has retail clients including Toys R Us, Babies R Us, […]

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Retail Asia08/02/2017

Hong Kong’s latest food truck may have found its sweet spot on Disneyland’s doorstep after its first location was deemed too remote. Mein by Maureen, which offers lo mein (noodles in seafood sauce), has made its new home on Park Promenade, the only thoroughfare between the public transport drop-off points and the theme park’s entrance. […]

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Retail Asia06/02/2017

New York design house Coach reports “notable strength” in Mainland China while reporting its second-quarter results for the quarter ended December 31. Coach China sales were roughly even but increased 6 per cent on a constant currency basis when the impact of the strong US dollar was removed. In addition, there was a “significant” improvement […]

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Retail Asia06/02/2017

Hong Kong retail sales declined 2.9 per cent in December, year-on-year, as visitor numbers showed signs of recovering and the watches and jewellery sector posted a long-awaited increase. That follows a revised Census and Statistics Department (C&SD) figure of 5.4 per cent for November, demonstrating that while the comparison is against a high decline a […]

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Retail Asia06/02/2017

Cognizant, a leading global provider of information technology, consulting and business process services, today announced the expansion of its operations in Hong Kong with the opening of a new office. Cognizant’s expanded presence in Hong Kong will enhance its existing operations in the Greater China region and enable Cognizant’s global, regional and local clients to […]

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Retail Asia04/02/2017

Korea’s popcorn soft-serve ice cream brand Sweet Monster has arrived in Indonesia as the first F&B retail venture of Indonesian brand group Time International. It has launched stalls in Project X Plaza Indonesia and Pondok Indah Mall 2 in Jakarta, featuring its range of characters, EggMon, CookieMon, BlueMon, LeMon, PinkMon, OrangMon, ChocoMon and PopMon. Inspired […]

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Retail Asia04/02/2017

Hong Kong-based retailer A.S. Watson Group said on Thursday it will spend $70 million over the next three years in big data technologies, including investment in a Canadian artificial intelligence venture company. A.S. Watson will consolidate its customer data holdings into a big data analysis system for retailers developed by Rubikloud to optimize sales promotion activities […]

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Retail Asia04/02/2017

Many a fortune has been squandered at Hong Kong’s famed Happy Valley race track. But it’s fair to say that picking a winner from the bidding line-up for the two core category tenders at Hong Kong International Airport (HKIA) some 30 minutes away is a far more difficult exercise than most events on the race […]

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Retail Asia03/02/2017

The first Hong Kong food trucks have hit the streets – 16 in all will be operational tomorrow. Stationed at eight locations, they will offer a range of dishes as diverse as dumplings, dragonfruit smoothies and American-style steamed bread. It is the launch of a two-year pilot scheme to diversify the city’s tourism offerings, announced […]

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Retail Asia02/02/2017

Hong Kong is known to be a melting pot of activities, yet there’s one pastime in particular that locals and visitors alike always gravitate toward: shopping. The big malls like Pacific Place and Times Square definitely give shopaholics a run for their money, yet in such a dense megalopolis with so many shops to choose […]

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Retail Asia02/02/2017

The daily flight was launched in December 2016 and is operated with an Airbus A320. “We congratulate VietJet on the launch of this exciting new service to Ho Chi Minh, which provides access to an important destination for our customers,” said Mark Whitehead, chief executive of Hactl. Major exports from Vietnam to Hong Kong include […]

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Retail Asia01/02/2017

The Wellcome supermarket chain has come under fire for failing to protect workers’ health as it emerged that they do not provide chairs for on-duty cashiers. The Retail, Commerce and Clothing Industries General Union said Thursday that none of the 154 Wellcome branches it surveyed provided seats to cashiers during working hours. It slammed the company for disregarding […]

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Retail Asia31/01/2017

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Two burglars smashed the window of a luxury goods shop in the IFC mall in Central and fled with 40 watches in front of a security guard during a Lunar New Year’s Day raid. In a drama that lasted for barely two minutes, one of the pair broke open the glass door of Montblanc with […]

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Retail Asia27/01/2017

Korean eyewear retailer Gentle Monster is creating jaw-dropping retail executions across Asia and beyond. The images accompanying this story are of the equally unique Beijing flagship store, located in the Sanlitun retail precinct. Each Gentle Monster flagship features a completely different design format, inspiration and execution – it is the utmost opposite to traditional retail […]

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Retail Asia27/01/2017

Hong Kong property tycoon Ronnie Chan Chi-chung came to China’s defense on Thursday, saying U.S. President Donald Trump would eventually become realistic and “shut up,” amid concerns over a looming Sino-U.S. trade war. “China is not the same as before. If the U.S. can create troubles for China, it can do the same to the […]

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Retail Asia26/01/2017

After falling 12 per cent in 2016, the pace of decline in Hong Kong high street retail rents should ease in the year ahead, predicts CBRE. Last year’s decline followed a 17 per cent fall in 2015. That represents a full 27 per cent fall since rents were at their peak in 2014. But this […]

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Retail Asia26/01/2017

HSBC is shutting 62 more British branches this year, meaning the bank will have closed 340 outlets across the country within the past two years. But in a divergence of strategies between two of its most significant retail banking markets, the bank said it had no such plans in Hong Kong. “While individual branches relocate […]

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