Retail
Sa Sa develops online strategy to convert offline shoppers
Offering the company a chance to diversify.
Hong Kong is losing the retail game to "new TST" with mainlanders
Sales are sorely suffering.
Hong Kong retail sales down 0.1% y/y by value in May at HK$39.0bn
It's much better compared with April.
Le Slip Francais brings its fun and authentic French brand in Asia
And Hong Kong is its new home.
Hong Kong's retail sector predicted to grow a wee 1% this year
Analysts turn their eyes on local spending to save the situation.
Overall retail sales dipped 2.9% y/y in March
Worse compared with Jan-Feb decline.
Sa Sa's 4Q FY15 Hong Kong and Macau sales down 2.4% y/y
1Q FY16 sales were also disappointing.
Local spending possible source of stabilization in 2015
Amid market's pessimistic view.
5 reasons why Hong Kong will suffer weaker visitor spending
And trends will likely continue deteriorating.
Tightened policy on Chinese tourists worsened market pessimism in 2015
Added to unexpectedly worse 1Q15 sales decline.
Tourist spending to be slashed by 2.3% as new visitor permits take bite
That's a whopping $11.5b.
Hong Kong 6th most popular retail market globally
Which country is at the top?
How the looming change in Individual Visit Scheme could impact retail market
Restriction of Mainland visitor numbers has consequences.
January retail sales dropped 14.6% in value
Retail sales volume also decreased 13.9% y/y.
Sa Sa's sales in Hong Kong, Macau jump 3% y/y in January, February
Late timing of CNY was a factor.
New HK visitor policy feared to shoo more Mainland tourists away
It's bad news for retailers.
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