Retail
Local spending trends cast a shadow on Hong Kong retail rent growth
Local spending trends cast a shadow on Hong Kong retail rent growth
High street rents in retail areas grew modestly in 1Q24, by 0% to 1% QoQ.
Reliance on third-party data may affect competitiveness: report
Seven in 10 brands heavily rely on third-party data.
NWD taps Visa to enhance loyalty rewards under the K Dollar Program
Customers can now instantly earn loyalty rewards through the K11 HK app.
Watsons China names Fred Chan and Vivian Nie as co-managing directors
The appointments are effective from April 2024.
Gov’t sets up 'Silver Economy' panel
The panel will explore the economic potential of Hong Kong's growing elderly population.
Why Hong Kong's retail sector may face talent shortage in 2024
Employee expectations to contribute to manpower crunch in the industry.
3 key strategies for Hong Kong retailers to amplify sales in 2024
Implementing one of these strategies has shown conversion rates between 50%-70%.
Loyalty- and tech-driven strategies key to effective returns management
Experts vouch for third-party services to leverage the potential of return policies.
Provisional retail sales up 7.8% YoY in December 2023
For the whole year, Hong Kong saw a 16.2% increase in retail sales value.
High street shop rents rise 14.8% YoY in 2023
In 2024, experts expect rents to climb by only 5%-10%.
Retail sales value rises 5.6% YoY in October
The total value stood at $33.8b.
Retail sales up 13% YoY to $31.8b in September
Online retail sales accounted for 11% of the total value.
Unit sales of tech and durables market drop 7% YoY in 1H23
Across subsegments, IT recorded the biggest drop in value USD terms, falling -22%.
Retail sales up 13.7% YoY to $32.4b in August
The sector will continue to benefit from the growth of inbound tourism.
UK’s Berkley Group to run first-of-its-kind pop-up retail experience in HK
The pop-up will run for five weeks.
Brands that act with empathy win trust of Hong Kong consumers
An IPSOS report showed that consumers’ trust towards businesses has been eroding.
Brands that act with empathy win trust of Hong Kong consumers
An IPSOS report showed that consumers’ trust towards businesses has been eroding.
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