Retail
Man Wah raises $2.38b in new share sales
Man Wah raises $2.38b in new share sales
The new funding will be used to further business development.
Job lost top reason for lesser Black Friday spendings of Hongkongers
Others said they would rather save their money.
Retail sales shrink 23.1% to $26.5m in July
The retail business environment will remain very difficult in the near term, says a government spokesperson.
Luk Fook's same store sales plunged 71% in Q1
They are planning to close five shops in Hong Kong.
Tsim Sha Tsui overtakes Causeway Bay as priciest retail district
The district’s diverse trade mix lends it to more sustainable rents.
Online-to-offline model gains ground in Hong Kong
The extended operating hours that the internet allows has attracted merchants towards selling online.
Retail sales down 32.8% to $26.8b in May
It narrowed from April following a stabilised local epidemic situation.
Dairy Farm launches two concept stores in Hong Kong
This includes a new 7-Eleven concept shop and a revamped Market Place.
Jeweller Tse Sui Luen's profit tumbles 265.6% in FY2020
Its turnover likewise crashed 28.3% YoY over the same period to $2.91b.
As Customers Flock Online, Scams Proliferate. How Can You Win the Trust of Customers?
The pandemic has set in motion a complete change in customer shopping behaviour. Not only are people increasingly going online to buy items which they...
Hong Kong retailers amp up online sales capacity
However, the online penetration rates in the area still have ample room to grow.
Chow Tai Fook's profits down 36.6% to $374.29m
A surge in gold price and weaker Hong Kong sales dragged down revenues.
Retail sales down 36.1% in April
The plunge was led by sales of jewellery, watches and clocks, and valuable gifts.
Over 15,000 shops may close without rent relief
Landlords are only willing to cut rents by 10-20% instead of the requested 50% by retailers.
Retail sales crashed 42% to $23b in March
Jewellry, watches and clocks and valuable gifts saw the sharpest decline.
Local household spending to shrink 5.2% in 2020
Some food service chains have reduced operating hours.
Government to roll out subsidies for some leisure firms in May
One-off tiered subsidies will be provided to parlours, massage establishments, and party rooms.
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