mainland

Retail Asia16/06/2021

Hong Kong-listed Cafe de Coral Holdings, one of Asia’s largest restaurant and catering groups operating quick-service restaurants, will speed up its expansion in mainland China with 17 store openings in the pipeline. The company revealed its plans after its net profit for 2020 almost quintupled, despite lower revenue in Hong Kong, thanks to pandemic relief and subsidies […]

Retail Asia26/06/2019

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Tiffany & Co sales were hit by what CEO Alessando Bogliolo described as “dramatically lower worldwide spending attributed to foreign tourists” during the first quarter. Globally, sales fell by 3 per cent in the three months to April 30, to US$1 billion and comparable sales fell by 5 per cent. “Significant foreign exchange headwinds” were […]

Retail Asia23/04/2019

Taobao will leverage its livestreaming technology to help incubate 1,000 key opinion leaders in China’s countryside in an effort to boost rural development. By helping farmers go online, Taobao aims to enable farmers to find new markets and customers from their homegrown products. Taobao’s target is to boost the livelihood of 1,000 farmer livestreamers from […]

Retail Asia18/03/2019

Le Saunda sales plunged 30 per cent in the fourth quarter as the embattled shoe retailer struggles to attract customers. According to a stock exchange filing, sales at Le Saunda’s self-owned stores fell by 29.9 per cent in the quarter, with same-store sales declining 17.4 per cent. That followed a cull of 161 stores over […]

Retail Asia05/07/2016

Hong Kong faces great economic uncertainty and unprecedented market volatility, and given the Brexit chills, analysts expect a contraction. In fact, John Tsang Chun-wah, the Hong Kong Special Administration Region’s financial secretary, has warned that the city’s economy faces its “worst time in 20 years”. Growth has more than halved to about 2.5 percent over […]

Retail Asia25/06/2015

Listed retailer Oriental Watch Holdings says its net profit fell 78 per cent in the year to March. The company, which had issued a profit warning earlier in the year, has been hit by the slump in demand for luxury watches from mainland Chinese, in turn a result of the mainland government’s clampdown on gift […]

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 […]

Retail Asia16/06/2015

Chinese language smartphone maker Xiaomi has opened its first retail retailer outdoors the Mainland. The Mi Hong Kong retailer – dubbed Mi Residence – is a 270 sqm area inside Hollywood Plaza at 610 Nathan Rd in Mongkok. We are saying ‘area’ as a result of the shop was created as someplace “identical to residence” […]

Tag: mainland

Cafe de Coral ramps up Mainland China expansion plans

Lower tourist spend hits Tiffany & Co sales

Taobao Leverages Live Streaming to Boost Rural Development

Le Saunda sales plunge with 30 per cent

Hong Kong’s choice between mainland and despair

Oriental Watch profit plummets

How Chow Tai Fook is setting Hearts on Hearth

Mi Hong Kong opens doorways