Tag Archives: Hong Kong

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

07-04 Fresh Abercrombie

(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

05-31 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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Hong Kong high street retail rents decline should ease


(Source: Inside Retail Asia | 25 January 2017) After falling 12 per cent in 2016, the pace of decline in Hong Kong high street retail rents should ease in the year ahead, predicts CBRE. Last year’s decline followed a 17 per cent fall in 2015. That represents a full 27 per cent fall since rents were at their peak in ...

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Versace opens new flagship store in Hong Kong


(Source: Retail in Asia | 17 January 2017) While many brands are scaling back bricks-and-mortar in Hong Kong, Italian fashion house Versace has opened the doors to a new flagship. Located in the Shanghai Commercial Bank Tower, Versace’s new flagship occupies approximately 8,000 square feet of selling space for men’s and women’s ready-to-wear and accessories. Versace’s Hong Kong Central boutique ...

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Chinese cross-border eCommerce has peaked

E-commerce And Online Shopping

(Source: Inside Retail Asia | 14 September 2016) Chinese cross-border eCommerce has reached a turning point, says new research from Oliver Wyman. Spending online offshore by Mainland Chinese reached RMB 120 billion (US$17.963 billion) in 2015 according to iResearch, and is expected to grow more than 60 per cent, reaching 7 per cent of total Chinese eCommerce value by 2018. ...

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