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30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )
18/04/2024 Apple CEO Tim Cook says it is considering a manufacturing facility in Indonesia ( Electronics )

Retail Asia20/08/2015

AS Watson Group has opened its 12,000th store worldwide – in Hong Kong’s Causeway Bay. Perhaps fittingly, the store is a three-storey flagship, at 8000 sqft, the brand’s largest store in Hong Kong. Located on Yun Ping Rd, the new store features the latest Watsons store design concept internationally, a blend of “contemporary and elegant […]

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Retail Asia20/08/2015

Li & Fung spinoff Global Brands has reported stronger margins as it continues to shed non-performing brands in favour of higher end products. The group’s total margin continues to rise, growing as a percentage to turnover from 29.7 per cent to 31.7 per cent in the first half of the current financial year. Turnover of US$1.282 […]

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Retail Asia19/08/2015

Luk Fook Holdings has opened a three-storey Lukfook Jewellery flagship store in Causeway Bay. The group held a ribbon-cutting ceremony for the new store this week, inviting Japanese cartoon character Rilakkuma to join in the celebrations. Wong Wai Sheung, chairman and CEO of Luk Fook said the three storey shop is located in the central […]

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Retail Asia19/08/2015

German fashion house Hugo Boss will expand its presence in China, key shareholder Gaetano Marzotto said in an interview in newspaper Welt am Sonntag. Despite slowing growth in the world’s second-largest economy, Marzotto told the paper that he saw the potential for higher sales in China. “Up until now China accounts for less than 10 […]

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Retail Asia18/08/2015

The yuan devaluation could force Hong Kong’s retail landlords to cut rents as it threatens to erode shopping in the city by tourists from China, say analysts. A weaker yuan means these tourists will now be spending in a more expensive Hong Kong dollar, denting the city’s retail sales even further. “Shopping in Hong Kong […]

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Retail Asia18/08/2015

The Hong Kong fund industry saw net sales drop by almost a half in the first six months of 2015, new figures reveal. The Hong Kong Investment Funds Association (HKIFA) published data on Wednesday which cited a sharp fall in funds to $3.71bn (£2.38bn, €3.34bn). Bruno Lee, the chairman of HKIFA, blamed the decrease in […]

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Retail Asia17/08/2015

The founders of Hong Kong retail chain DSC, Mr Hui Ming-shun and his wife Lin Wai-yin, have been arrested after the closure of all 14 of its stores on 3 August. They are said to owe approximately $1.68 million in unpaid wages to their staff. The couple were arrested on 10 August after they returned […]

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Retail Asia17/08/2015

Retailers such as Burberry Group Plc, Kering SA and Chow Tai Fook Jewellery Group Ltd. are pushing landlords to lower rents on existing properties as luxury brands scale back on declining traffic. Commercial rents have dropped the most this year since 2009 amid plummeting sales. Hong Kong’s Russell Street in Causeway Bay used to boast […]

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Retail Asia13/08/2015

Hong Kong police and customs officers have made the biggest seizure of counterfeit bags and accessories in a decade. The authorities say they netted 30,000 bags in a two day operation on July 28 and 29, details of which have only just been revealed. Customs and police say they successfully smashed a syndicate suspected of […]

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Retail Asia12/08/2015

Hysan Development Co chairman Irene Yun Lien Lee says retail locations with proven shoppers’ traffic that have a bustling and unique surrounding atmosphere have become more sought after as retailers compete in an increasingly challenging market. That’s the core of the reason Hysan has thrived in the first half year while street-front shops have struggled […]

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Retail Asia11/08/2015

British luxury apparel brand Burberry has opened two more Beauty Box stores in greater China. It follows the opening of Beauty Box’s first Asian store in Korea last December in Seoul’s Coex Mall. Burberry Beauty Box concepts are now trading in Hong Kong and Shanghai. In Hong Kong, the store has opened in Times Square […]

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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 Asia03/08/2015

Star-gazers – those who focus on the celebrities, that is – now have an app they can use to find fashion matching what their idols are wearing. A Hong Kong startup has launched an app called Goxip which uses social media, photo recognition technology and news feeds to connect fashion lovers with online retailers. So […]

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Retail Asia31/07/2015

For Hong Kong, it’s been one thing after another. A series of anti-China and pro-democracy protests last year prompted stores to close and mainland tour groups to cancel bookings. Meanwhile, a slowing Chinese economy and President Xi Jinping’s anti-corruption and austerity campaigns have also made the Chinese more wary of buying pricey cognac and Gucci […]

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Retail Asia30/07/2015

Hong Kong’s retailers remain pessimistic about their industry prospects, with a survey from the Hong Kong Productivity Council suggesting that the sector’s business confidence is at three-year low. The Standard Chartered Hong Kong SME Leading Business Index showed the retail industry sub-index sliding to 43.1 for the third quarter from 49.9 in the preceding three months, marking the […]

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Retail Asia30/07/2015

Hong Kong International airport (HKIA) has welcomed the summer season with various promotions. These include special offers such as cash coupons with savings of up to HK$700 ($90) and complimentary local delivery service. From July 31 to August 11, travellers spending over HK$2,000, HK$5,000 and HK$10,000 by electronic payment can redeem HKIA cash coupons of […]

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Retail Asia28/07/2015

Multi-Level Marketing (MLM), a type of Direct Selling System, is a marketing strategy where the company’s sales force is highly dependent on the salesmen they have hired in different tiers of selling. This is a marketing strategy in which the sales force is compensated not only for sales they generate, but also for the sales […]

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Retail Asia28/07/2015

Hong Kong-listed shoe retailer Daphne International Holdings has issued a profit warning as it shutters nearly 200 stores. Daphne operates the Daphne and Shoebox retail brands in Mainland China. The company has reported the year on year, same store sales fell 16.9 per cent in the first half of 2015, and by 17.7 per cent […]

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Retail Asia25/07/2015

Residential property prices in Hong Kong reached a record high in May, increasing more than 20% compared with the same month last year. The growth in values continues despite the government’s series of property market cooling measures. The transaction volume of new homes reached over 8,700 for the first half of 2015, the data from […]

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Retail Asia24/07/2015

Luxury goods retailer Hermes says a slowdown in sales in Hong Kong has been more than offset by solid Japanese trade. Hermes International has reported a 22 per cent increase in second-quarter sales as growth in Japan took off, consumers finally opening their wallets on luxury goods after a long season of economic malaise. The […]

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