Inside Retail Asia breaking news, supplier information, product launches and consumer campaigns within the Hong Kong retail sector.

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Dairy Farm sells Wellcome Taiwan to Carrefour

Hong Kong-headquartered Dairy Farm is to sell its Wellcome Taiwan grocery retail business to Carrefour, with settlement due later this year.

No surprise as retail sales in Hong Kong tumble again…

Retail sales in Hong Kong have plunged by more than one-third over the first four months of this year.  Census and Statistics Department figures show a 36.1-per-cent decline, which follow an adjusted 42.1-per-cent fall in March. Those two months represent the beginning of the real impact of the Covid-19 pandemic which has seen the border with Mainland China effectively closed d…

Revenue rises, but Link posts US$2.2m loss on revaluations

Link Asset Management has recorded a US$2.2 million paper loss due to property revaluations, in a trading year when revenue rose 6.8 per cent to $1.38 billion.

Festival Walk Hong Kong mall in flash flood

Hong Kong’s Festival Walk mall was evacuated on Saturday night as water gushed from upper-level sprinklers.

Hong Kong’s Mana! opens largest store yet

Hong Kong’s Mana! has opened its largest outlet yet in Hong Kong’s SoHo neighbourhood.

Abercrombie & Fitch sales tumble 51 per cent in Asia

US apparel retailer Abercrombie & Fitch suffered a 51-per-cent fall in sales in Asia Pacific as Covid-19 forced store closures across the region.

Hong Kong retail at ‘life-or-death’ moment says HKRMA

Hong Kong’s retail industry is facing “a crucial, life-and-death moment of survival” according to the city’s main retail body the HKRMA.

Hong Kong’s Landmark mall launches ‘e-chat shopping’ initiative

Hong Kong’s Landmark mall has launched the city’s first luxury “e-chat shopping” service on its mobile app.

Li & Fung completes delisting, to focus on ‘new journey’

Hong Kong-headquartered supply-chain solutions company Li & Fung has formally delisted, ending 28 years as a public company.

Covid-19 will speed up the reshaping of global retail trends, says KPMG

Covid-19 has accelerated key underlying global retail trends that were already reshaping the industry according to a new report by KPMG.

Bonjour Holdings founders step aside in board shakeup

The husband-and-wife founders of cosmetics retailer Bonjour Holdings have stepped back from their senior leadership roles, effective immediately.

Slimmed-down Le Saunda posts third consecutive loss as sales tumble

Hong Kong shoe retailer Le Saunda has reported yet another annual loss – of US$4.28 million – as a “super-cold winter” hit Hong Kong’s retail sector.