Hong Kong Retail
Hong Kong consumers delay big purchases amidst low confidence
Hong Kong consumers delay big purchases amidst low confidence
They are now prioritising their personal well-being.
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.
Hong Kong shops need new strategy versus mainland
They must innovate, improve service or partner with their rivals amidst slumping sales.
Dock 1A's revamp to bring Sai Kung’s first mega shopping mall
The revamped mall will launch in Q1 2025.
Gen Zs taking over consumer preferences in APAC markets
Gen Z consumers are observed to purchase based on pleasure and purpose, whilst also taking into account cost and convenience.
Pet economy to boom, reaching $2.7t by 2027
SHOPLINE merchants specialising in pet products grew 27.9%.
Online retail investors shift to defensive assets amidst uncertainty
Active online investors in the retail space have declined to 840,000 from 900,000.
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.
Retail sales value rises 5.6% YoY in October
The total value stood at $33.8b.
Average Hongkonger would take 11 work days to afford latest iPhone
The average salary in the country is $17,728 gross monthly.
Online wholesale marketplace Markato enters Hong Kong
The startup enables a one-stop shop for retailers and buyers.
Retail sales value jumps 18.4% YoY in May
The total value stood at $34.5b.
Retail sales grows 31.3% in February 2023
But provisional online retail sales dropped 4.1% to $2.6b.
How Watsons plans to tap Middle East’s fast-growing consumer market
The beauty company opened 17 stores in the region in just two years.
Retail street rents to decline 10-15% YoY in 2023
Retailers are not optimistic about the sector’s outlook, according to Knight Frank.
Weaker retail sales to put pressure on HK shop rentals: report
Retail sales dropped by 2.9% for the first time in five months.
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