protests Archives - Inside Retail Asia
Festival Walk mall to remain closed for up to three months
Festival Walk mall in Hong Kong – seriously damaged during protest activities on November 13 – will remain closed for up to another three months.
Asia will account for 45 per cent of global retail sales next year
The retail market is expected to slow down next year, but Asia will account for 45 per cent of global retail sales, according to a new report from economic and business research group The Economist Intelligence Unit.
Record collapse of Hong Kong retail sales in October
Hong Kong retail sales in October plummeted by the highest rate since records began. The Census and Statistics Department estimated the value of retail sales for the month at HK$30.1 billion, down by 24.3 per cent compared with the same month last year. That followed a revised fall of 18.2 per cent in September. And there is worse to come.
Luk Fook sales slump 20 per cent
Hong Kong-listed jeweller Luk Fook has seen its sales slump by 19.8 per cent in the September half as protests, the trade war and the Renminbi’s value kept mainland tourists away.
Best Mart 360 sales soar on new store openings
A significant expansion in Best Mart 360’s store network has helped boost sales in the first half, despite the company being heavily impacted by protests since June.
Festival Walk remains closed for third week as protest damage repaired
Festival Walk shopping mall in Hong Kong’s Kowloon Tong remains closed as repairs continue following serious vandalism by protestors earlier this month.
Tse Sui Luen profits plummet as Hong Kong protests impact sales
Tse Sui Luen profits plummeted in the first half as Hong Kong protests took their toll, especially during the September quarter.
Miniso Hong Kong shutters stores, docks staff pay due to protests
Miniso Hong Kong has shuttered all of its 50 stores since November 14 citing ongoing protest action – and reportedly won’t be paying staff for the week.
Hong Kong restaurant sales fall as protests deter diners
Hong Kong restaurant sales slumped by 11.7 per cent in the third quarter as protests deterred foreign visitors and locals dined in more often.
Hong Kong restaurant sales fall as protests deter diners
Hong Kong restaurant sales slumped by 11.7 per cent in the third quarter as protests deterred foreign visitors and locals dined in more often.
Estee Lauder Asia sales rose 24 per cent in latest quarter
Estee Lauder Asia Pacific sales rose 24 per cent in the latest quarter – a stark contrast to the cosmetics giant’s US performance, where revenue fell 6 per cent.
