Retail
Water Oasis Group posts 34% profit rise despite revenue drop
Water Oasis Group posts 34% profit rise despite revenue drop
The Group recorded a $58.8m profit in the six months ending in March 2021.
Sino Malls grant $20m rewards in line with gov’t’s e-vouchers
Sino Malls will be launching a series of exclusive voucher promotions.
China Youzan records RMB168.17m loss in Q1
This increased from the RMB132.28m loss recorded in the first quarter of 2020.
Sun Art Retail profit drops 16.6% in 2021
The retail group linked this to the impact of the pandemic.
Retail outlook still challenged despite 20.1% rise in March sales
The value of total retail sales amounted to $27.6b during March of 2021.
Ready-to-drink tea sales dominated by major brands: Nielsen
Nielsen sees a similar trend emerging in key categories such as shampoo and chocolate confectionary.
Aeon Store HK revenue rises 15.5% to $4.9b
This was attributed to sales growth, effective business plan, and government grants.
Hong Kongers shopping more online during the pandemic: report
42% of the respondents shared the sentiment that e-commerce was helping them through the current crisis.
Online consumers are on the rise, but spending has dropped
The majority of consumers use online shopping to buy daily necessities, clothes and footwear.
Patek Philippe presents a bouquet of technical and aesthetic debuts
The manufacturer is adding a brand-new perpetual calendar with an original in-line display to its rich range of calendar watches.
Domestic spending hits 15-year high
It is estimated to have grown by 3.2% YoY to nearly $320b last year.
Find out which apps to use for Hong Kong's e-voucher scheme
Four e-payment operators, covering up to 100,000 merchants, have been selected.
Retail recovery remains challenged, despite February increase
OCBC has forecast 2021 retail sales to increase 15% year-on-year, yet this is still below pre-pandemic levels.
Hong Kong tops bicycle sales in online selling platform Carousell
A total of 63,345 bicycle-related transactions were made in Hong Kong, Malaysia, and Singapore.
China Lilang posts $664m profit in 2020
Its 2020 performance, however, is down by more than 30% YOY.
L'Oreal survey reveals increasing consumer awareness on environmental issues
Around 70% claimed they are serious about such issues and are willing to act.
HULA to open second retail space in Central
It will feature over 500 unique designer womenswear pieces.
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