Retail
Hong Kong's retail sector may see its worst period yet as stores close down
Thousands of employees in the industry are set to lose their jobs in the next six months.
January retail sales remain severe amidst COVID-19 outbreak
Value of sales dropped 21.4% to $37.8b compared to a year earlier.
Shoppers shun online shopping apps: study
Consumers prefer to pick up an item in-store after purchasing it online.
Hong Kong retail firms brace for more nCov impact
Tourist arrivals and retail sales already affected by unrest are tipped to worsen.
Retail sales down 19.4% to $36.2b in December
Jewellery, watches and clocks, and valuable gifts continue to lead the decline.
Hong Kong's retail market to shrink 2.5% in 2020: PwC
Amidst uncertainties, China’s stimulus policies and Sino-US trade negotiations could provide some relief.
Retail sales plunged 23.6% in November
Sales of luxury goods fell 43.5% despite the Christmas season.
PMI plunges to 15-year low in November
Business sentiment was also at its lowest since 2012.
Retail sales plunge 24.3% to $30.1b in October
Luxury items continued to lead declines with a 42.9% drop in sales value.
Patek Philippe's sole Grandmaster Chime in steel crowned as world's most expensive watch
The watch was auctioned for charity at a whopping price of CHF31m.
Causeway Bay remains the world's most expensive shopping street in 2019
Rents in Russell Street can go as high as $2,745 psf per year.
Retailers turn to experiential selling to combat sales slump
Brands are urged to enhance their own mobile platforms in an effort to sustain the connection with customers long after they have left the store.
Retail sales down 18.3% in September
Retail sales are expected to stay weak in the near term as local social incidents continue.
August retail sales plunge in worst performance on record since 1998
Sales crashed 23% in August, worse than that recorded during the Asian Financial Crisis.
Retail sales fall 11.4% to $34.4b in July
Sales of jewellery, watches and clocks, and valuable gifts crashed 24.4% YoY.
Landlords offer rental cuts amidst worsening economy: report
Retail rents in prime areas could fall by as much as 10% in 2019.
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