Hong Kong protests Archives - Inside Retail Asia

Hong Kong protests may drive retail-sales slump, says HKRMA

The ongoing Hong Kong protests are eroding the sales of the territory’s retailers according to the HKRMA.

Watches and jewellery lack lustre in Asia

Western watch and jewellery brands are suffering from a sales slump in Asia. Swiss company Richemont, whose brands include Jaeger-LeCoultre and IWC, said Asia sales have dropped two per cent in the five months to August. Global sales of Hermes watches also dropped seven per cent year-on-year during the first half, due to weakened demand in China. Watch and jewellery sales have heavily decreased in Hong Kong due to political protests resulting in reduced tourist flow from mainland China.…