Tag Archives: Hong Kong

October retail sales in HK bounced back up

(Source: Inside Retail Asia | December 1, 2018) After a slowdown in September retail sales, Hong Kong has bounced back with a growth of 5.9 percent in October retail sales, year on year. The growth which is more than double than the previous month’s record is supported by the faster increase in visitor arrivals and continued income growth, according to ...

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Estee Lauder reports strong growth in Hong Kong, China

(Source: Inside Retail Asia | August 21, 2018) Cosmetics giant Estee Lauder says it achieved sales growth in every global market last financial year, led by strong double-digit increases in China and Hong Kong. Every single category posted growth as well. Globally, Estee Lauder sales reached $13.68 billion, a 16 per cent increase on last year. Operating income of $2.05 ...

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BreadTalk Group to broaden brand mix as bakeries feel the pinch

(Inside Retail Asia | May 4, 2018) Diminished returns from BreadTalk Group’s bakeries in Hong Kong and Mainland China saw the division’s sales slip 4.5 percent in the first quarter of this year. However, group revenue rose 0.5 percent to S$148.5 million (US$111.55 million) as other divisions compensated. And on a like-for-like basis, BreadTalk’s core food and beverage business posted ...

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Downhill slide for Bossini International

(Source: Inside Retail Asia | September 22, 2017) “Severe” competition in core markets and continuing weak consumer sentiment have shredded profits for apparel company Bossini International Holdings for its fiscal year to the end of June. It was hit hardest at home in Hong Kong, where despite more positive business sentiment the its retail business continued to languish. Strong growth ...

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Social media top investment in Hong Kong

(Source: Retail in Asia | August 30, 2017) Adobe’s 2017 Creative Pulse research surveyed more than 5,000 creative and marketing professionals and examined the role of design and creativity in businesses transformation across Asia Pacific (APAC). Markets surveyed include Hong Kong, India, Australia, New Zealand, Korea, Southeast Asia, Taiwan and China mainland. Among them, 571 respondents were from Hong Kong. ...

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‘Solid’ profit growth for Dairy Farm International

(Source: Inside Retail Asia | August 4, 2017) Dairy Farm International Holdings had solid profit growth in the first half despite lower sales in its supermarkets and hypermarkets, says chairman Ben Keswick. “While the rest of the year is expected to stay challenging for supermarket and hypermarket activities in Southeast Asia, the group’s other businesses continue to make steady progress.” ...

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Fragile Hong Kong retail sales recovery continues

(Source: Inside Retail Asia |  August 3, 2017) Bad weather failed to spoil the fragile recovery of Hong Kong retail sales in June. According to preliminary data issued by the Census and Statistics Department, the total value of retail sales for the month reached $33.7 billion, up a mere 0.1 percent over the same month in 2016. Some analysts were ...

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Fresh Abercrombie & Fitch concept for Harbour City

(Source: Inside Retail Asia | June 30, 2017) Upscale American casualwear retailer Abercrombie & Fitch will re-enter the Hong Kong market within the next six months with a fresh concept store It will be Abercrombie & Fitch’s first overseas outing for its new retail concept, which is boutique in style. It will be modelled after the prototype, launched at the ...

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Global brands pitch Philippine franchise opportunities

(Source: Inside Retail Philippines | May 29, 2017) Seven international franchises seeking Philippine partners will participate in an exclusive International Franchise Business Matching event in Manila on June 15. Six of the seven Philippine franchise opportunities are from the fast-growing food and beverage sector, while one is a learning center. The event is being organized by VF Franchise Consulting, whose ...

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Jollibee Hong Kong back in growth mode

(Source: Inside Retail Asia | 26 April 2017) Jollibee Hong Kong is reviving its growth path with a fourth outlet and plans to add another 11 restaurants in the next five years. Jollibee Foods Corporation (JFC) VP Dennis Flores says the brand has decided it is time to expand overseas, with room for more competition in Hong Kong. The Filipino ...

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