Retail
Food, alcohol, tobacco sales grew 22.8% y/y in September
Mid-Autumn festival is the possible growth driver.
Food, alcohol, tobacco sales grew 22.8% y/y in September
Mid-Autumn festival is the possible growth driver.
Fierce competition dragged Sa Sa's group sales by 12.4% to HKD2b
HK sales dropped 13.2%.
Foundation stone laying ceremony for the new Patek Philippe building in Plan-les-Ouates
In January 2015, Patek Philippe announced its decision to strengthen its presence in Geneva with the construction of a new building on its...
August retail sales down 5.4% YoY to HK$37.9 billion
Sluggish inbound tourism is blamed.
Lower gold price leads to unexpectedly better 2QFY16 for Chow Tai Fook
But overall HK retail conditions continue to slide.
Hong Kong retail sales take 5.4% y/y dip in August
Visitor spending believed to have been weak.
Muslim tourists spent $62 billion in shopping and dining
Where are there favorite destinations?
Why Hong Kong's overdependence on mainland China market proved to be dangerous
Retailers are now reeling in pain.
Hong Kong no longer the go-to place for cheaper luxury items: CLSA
A Louis Vuitton Speedy 30 bag is now 20% cheaper in Japan.
Hong Kong's July retail sales down 2.8% to $37.6b
Again, visitor spending was weak.
Check out these charts showing rich Chinese vs HK shoppers' priority shopping list
Hong Kongers prefer to go big on travel categories.
Li & Fung 1H15 profit slides 19.7% to $182m
Moody's says no ratings impact, however.
Barclays slashes Li & Fung's operating profit estimate by a hefty 21-24%
Is the firm's huge 1H15 miss a reason for this?
Closing of DSC stores a shock to already troubled retail sector
Are the warning signs being heeded?
Hong Kong's SMEs still haunted by pessimistic business outlook
Despite sales outlook's slight improvement.
Retail sales, street shop rents in Hong Kong spiral down
Even hotel occupancy rates have been sinking.
Street shop rents hurt most by retail downturn
Landlords face tougher battles.
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