Inside Retail Asia breaking news, supplier information, product launches and consumer campaigns within the Macau retail sector.
Macau Latest News - Inside Retail Asia
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 fashion label Esprit has posted another loss in the December half year, as sales plunged by HK$1 billion.
Macau souvenir bakery Koi Kei Bakery will be closing its Hong Kong branches in Tsim Tsa Tsui, Causeway Bay and Mong Kok this Saturday.
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 has reopened its Galaxy Macau boutique, a renovated and expanded store in a setting that attempts an “understated yet sophisticated atmosphere”.
Macau’s government has closed the territory’s casinos for at least two weeks over fears coronavirus might be spread through venues.
Asian travel-retail sales in Hong Kong and globally are expected to be heavily impacted by the growing coronavirus crisis.
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 Jewellery Group has revealed plans to shut about one in five of its Hong Kong stores, the majority of them in prime tourist areas.
Best Mart 360, the Hong Kong-listed ‘leisure-food retailer’ opened its first store in Macau yesterday.
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.
Hong Kong’s Lai Sun Group has launched an integrated tourism and entertainment hub located in central Hengqin.