Hong Kong Archives - Inside Retail Asia

2020: What’s in store for Asian retail

Asia’s scale, its pace of innovation and growth prospects mean that it’s one of the most exciting regions for food and consumer goods in global retail. So what’s in store for Asian retail this year?

Stelux sales slump as network trimmed

Stelux Holdings, parent of the City Chain watch retail business, says its sales in the December quarter were down 32.6 per cent, or by US$25.6 million.

Chow Tai Fook to close raft of Hong Kong stores

Chow Tai Fook Jewellery Group has revealed plans to shut about one in five of its Hong Kong stores, the majority of them in prime tourist areas.

Fast Retailing cuts earnings forecast on Hong Kong, South Korean woes

Fast Retailing, parent of the Japanese fast-fashion retailer Uniqlo, has reduced forecasts for its full-year operating profit by 11 per cent.

Hong Kong’s CitySuper evaluating sale options

Hong Kong-based firm The Fenix Group may sell its majority shareholding in high-end supermarket operator Hong Kong’s CitySuper Group. According to Bloomberg, if potential buyers show interest in the stake, it may be worth between US$300 and $400 million. Any potential purchaser at this time will inherit a business in the midst of Hong Kong’s first depression in a decade, and wit…

Slimmed-down Le Saunda shows signs of improvement

Slimmed-down Hong Kong shoe retailer Le Saunda is showing early signs of improvement despite the recent decline in the territory’s retail sector.

First Best Mart 360 Macau store opens

Best Mart 360, the Hong Kong-listed ‘leisure-food retailer’ opened its first store in Macau yesterday.

Chinese giants dominate Asia’s online grocery market

China’s two e-commerce giants are driving the most growth in Asia’s online grocery market according to a new report from international researcher IGD.

Razer opens London flagship store

Singapore and Hong Kong-backed gaming company Razer has opened a flagship store in London’s West End as it tries to boost its global reputation.

Giordano opens four stores in Mauritius

Hong Kong apparel brand Giordano has opened four locations in Mauritius.

Stores close, jobs shed as Hong Kong retailers survive downturn

Thousands of stores will close and 5600 jobs will be lost as Hong Kong retailers try to recover from a “severe” sales decline brought on by social unrest and declining mainland visitor numbers.

Dalian Wanda to open 17 malls this month

Chinese real estate developer Dalian Wanda Group will reportedly open 17 shopping centres this month.