Retail
Interest rate cut in retail set to boost disposable income
Interest rate cut in retail set to boost disposable income
                                                                                                 
                        
                          The single-digit vacancy rate in high-street shop rents grew by 1% QoQ in Q3 2024.
                    
                                        
                    
                Hong Kong retail sales down 10.1% in August
                                                                                                 
                        
                          It was due to changing consumption patterns, a strong Hong Kong dollar, and increased summer travel.
                    
                                        
                    
                Deliveroo opens new Hop site in Yau Tsim Mong District
                                                                                                 
                        
                          The site will initially offer 1,800 grocery items.
                    
                                        
                    
                Here's how many days a Hong Konger must work to afford the latest iPhone
                                                                                                 
                        
                          The new iPhone 16 Pro (128 GB) retails for $8,599.
                    
                                        
                    
                Chief Execuive Lee talks green cooperation with Qinghai governor
                                                                                                 
                        
                          Direct flights between Hong Kong and Xining resumed in July.
                    
                                        
                    
                HKRITA and H&M opens research facility for sustainable textile and fashion industry
                                                                                                 
                        
                          It is located at the Advanced Manufacturing Centre in Tseung Kwan O InnoPark.
                    
                                        
                    
                Chow Tai Fook Jewellry taps Gabriela Ferreira as international general manager
                                                                                                 
                        
                          She will focus on enhancing brand desirability and identify new growth opportunities.
                    
                                        
                    
                Alternative payments is top choice for e-commerce purchases in Hong Kong
                                                                                                 
                        
                          It accounts for 41.7% share in 2023.
                    
                                        
                    
                Retail sales value drops 11.3% YoY in July
                                                                                                 
                        
                          Retail sales volume also dropped 13.3% YoY.
                    
                                        
                    
                PAÑPURI expands into Hong Kong with new store in Tsim Sha Tsui
                                                                                                 
                        
                          The brand offers wellness products such as fragrances, beauty products, essential oils, and diffusers.
                    
                                        
                    
                Stella’s net profit soars 65.7% in H1 2024
                                                                                                 
                        
                          The interim dividend stands at HK65 cents (US$5) per ordinary share.
                    
                                        
                    
                Hong Kong shops need new strategy versus mainland
                                                                                                 
                        
                          They must innovate, improve service or partner with their rivals amidst slumping sales.
                    
                                        
                    
                Hong Kong warns consumers on toilet roll brands that may clog drains
                                                                                                 
                        
                          Four toilet paper brands were found to have a high tendency to clog drainpipes.
                    
                                        
                    
                Hong Kong a ‘pivotal global financial hub’: Knight Frank
                                                                                                 
                        
                          Its urban prosperity is the best amongst new wealth hubs. 
                    
                                        
                    
                Retail sales value fall 9.7% YoY to $29.9b in June
                                                                                                 
                        
                          The government attributed the decline to changing consumption patterns.
                    
                                        
                    
                Hong Kong offers rent-free shop premises for start-ups
                                                                                                 
                        
                          The programme will run for 7 months.
                    
                                        
                    
                HK inaugurates shopping festival to boost local SMEs in Mainland China
                                                                                                 
                        
                          Over 230 local brands are participating in the event.