Inside Retail Asia breaking news, supplier information, product launches and consumer campaigns within the Macau retail sector.
Macau Latest News - Inside Retail Asia
Foot Locker has made its Macau debut with two stores opening this month.
Supportive measures for the Macau retail and restaurant trade resulted in a mild improvement in business during May, according to official data.
Luk Fook Holdings has reported a 71-per-cent plunge in first-quarter same-store sales due to the impact of Covid-19 on tourist numbers travelling to Hong Kong.
Beauty-products retailer Sa Sa International saw sales plunge 67.9 per cent in the June quarter due to the collapse in mainland tourist arrivals in the city.
Sands China is to launch the Sands Shopping Carnival at the Venetian Macau next month to boost the local retail market.
The Asia-Pacific luxury-goods market is projected to sink by US$2.1 billion this year as consumers switch from big-ticket items to affordable luxury.
Listed Hong Kong timepiece retailer Oriental Watch Holdings has weathered the multiple crises of the last year to record a profit of US$12.9 million.
Hong Kong-listed jeweller Luk Fook has reported early signs of a recovery in the Hong Kong market this month, despite the border with China still closed.
American brand management company Iconix Brand Group has sold the Starter China business for US$16 million to an unnamed local investor.
Chinese property-development company Country Garden has launched the world’s first robotic restaurant, in Guangdong.
Hong Kong-headquartered jeweller Chow Tai Fook has ended the financial year with a US$374 million profit attributable to shareholders.
Macau’s casino malls have seen a welcome resurgence in foot traffic as locals bearing shopping vouchers return to store floors.