Inside Retail Asia breaking news, supplier information, product launches and consumer campaigns within the Hong Kong retail sector.
Hong Kong Latest News - Inside Retail Asia
Thailand’s Pace Corporation has finally filed for bankruptcy of its Dean & Deluca US business after all of its North American stores were shuttered last year.
TiAmidst the Covid-19 outbreak, Japanese discount-variety store Don Don Donki has continued ahead with the opening of its latest branch in Bangkok, Thailand as part of its international expansion.
Hong Kong cultural-retail hub K11 Musea’s fashion destination Muse Edition has launched a multi-brand flagship, K11 Antonia.
Jeweller Tse Sui Luen is projecting a loss of US$10.3 million for the year to March – a stark reversal from last year’s net profit of $6.96 million.
Hong Kong cosmetics retailer Bonjour Holdings has delisted slow-moving products and trimmed its store network as it grapples with falling sales and mounting losses.
British celebrity chef and restaurateur Gordon Ramsey has quit Hong Kong, following the footsteps of compatriot Jamie Oliver last month.
Landlords in premium Hong Kong retail areas are proving flexible on rents as retailers experience an unprecedented drop in sales of between 50–80 per cent during the first financial quarter this year.
February saw a catastrophic collapse in Hong Kong retail sales, which slumped a massive 44 per cent year on year, the greatest fall in the city’s history.
Health-and-beauty retailer AS Watson recorded 7 per cent growth last year despite the political unrest in its key Hong Kong market.
Hong Kong-listed apparel retailer Esprit has placed six German subsidiary companies in administration to give them protection during the coronavirus crisis which has decimated sales.
Chinese restaurant operator Tao Heung will shutter all 48 of its venues for more than a month following tightening restrictions on dining in Hong Kong.
US tech giant Apple has reversed restrictions on buying multiple iPhones from its online store imposed last week.