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

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Chow Tai Fook closes 40 stores after 60-per-cent sales slump

Hong Kong-based jewellery group Chow Tai Fook has closed 40 stores in Hong Kong after experiencing a 60-per-cent drop in retail sales there amidst the coronavirus outbreak.

Embattled Esprit posts another loss as sales tumble 40 per cent in Asia

Embattled fashion label Esprit has posted another loss in the December half year, as sales plunged by HK$1 billion.

Macau chain Koi Kei Bakery shuts stores as tourists disappear

Macau souvenir bakery Koi Kei Bakery will be closing its Hong Kong branches in Tsim Tsa Tsui, Causeway Bay and Mong Kok this Saturday.

Bossini loss balloons as protests hit Hong Kong sales

Apparel retailer Bossini has revealed a loss of HK$93.7 million during the six months to December – more than triple the $25.7 million loss of the same period a year earlier.

Sandro reopens its boutique at Galaxy Macau

Sandro has reopened its Galaxy Macau boutique, a renovated and expanded store in a setting that attempts an “understated yet sophisticated atmosphere”.

Macau shutters casinos as coronavirus crisis widens

Macau’s government has closed the territory’s casinos for at least two weeks over fears coronavirus might be spread through venues.

Coronavirus: ‘severe’ impact looms for Asian travel-retail sector

Asian travel-retail sales in Hong Kong and globally are expected to be heavily impacted by the growing coronavirus crisis.

Luk Fook upbeat despite plans to trim Hong Kong store network

Hong Kong-headquartered Luk Fook group has followed its archrival Chow Tai Fook in revealing plans to shutter stores in the territory’s tourist areas.

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.

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.

Zhuhai retail and entertainment hub Novotown launched

Hong Kong’s Lai Sun Group has launched an integrated tourism and entertainment hub located in central Hengqin.