Times Square Archives - Inside Retail Asia
Chinese tea chain Heytea has closed three quarters of its Hong Kong network, leaving just two stores operating, at Causeway Bay’s Times Square and Sha Tin’s New Town Plaza.
Hong Kong retail landlords will face pressure to reduce rental rates throughout the year as leases come up for renewal, says Wharf Real Estate Investment Company chairman and MD Stephen Ng.
Notices have been posted on the doors of the two J Crew Hong Kong stores – at Times Square in Causeway Bay and On Lan Street in Central – advising customers of the pending closure.
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.
Retailers stretching from Causeway Bay to Admiralty were adversely affected by protest action on Hong Kong Island yesterday.
Tumi in Hong Kong has opened its eighth store – including its airport boutique – at Times Square.
The parent company of Times Square and Harbour City says business for its retail tenants has become more difficult in the wake of ongoing protests and the China-US trade war.
Italian luxury watchmaker Panerai has opened a boutique at Times Square.
Hong Kong’s Tse Sui Luen Jewellery sales and profit both rose in the first half year – but the company is wary of trade war.
Starbucks Malaysia is about to open its first Reserve store.
“It’s a totally different retail environment,” says Geox Hong Kong spokesperson of the Times Square concept store.