Tag Archives: Hong Kong

Jollibee Hong Kong back in growth mode

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(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

Hong-Kong-shopping-mall

(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

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(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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China’s Yuan Policy Does Struggling Hong Kong Retailers a Favor

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(Source: Retail in Asia | 9 May 2016) Hong Kong’s embattled retailers are finally getting a break. After mainland tourist arrivals plunged last year as policy makers devalued the yuan, foreign-exchange moves may now encourage shoppers back to the city by making alternatives such as Japan and Malaysia more expensive. China’s central bank has this year kept the yuan closely ...

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Hong Kong retail sales slump 20.6 per cent

Woman Holding Colored Shopping Bags In A Mall In Her Hand

(Source: Inside Retail Asia | 31 March 2016) Hong Kong retail sales tumbled a massive 20.6 per cent in February, the biggest fall since 1999. Even after taking into account the timing of Lunar New Year, the decline for the first two months was 13.6 per cent compared with January and February 2015. The Census and Statistics Department (C&SD) says total ...

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Mid-market retailers returning to tier one locations becomes new normal in HK

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(Source: Retail in Asia | November 18, 2015) In light of the changes in mainland Chinese tourists’ spending patterns coupled with relatively strong local consumption, mid-range brands are set to expand in Hong Kong, according to a new report from CBRE. “In the past few months we have observed a number of cases of mid-market retailers taking up spaces made ...

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The shopper’s paradise: Hong Kong and its retail stars

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(Source: The Manila Times | July 18, 2015) Shoppers flock to Hong Kong for the value, variety, and quality of its wares. From branded, luxury players to independent labels sold in malls and quaint boutiques, Hong Kong has everything anyone needs. And as it celebrates Hong Kong Summer Fun from now to August 31, 2015, Hong Kong’s retail stars are ...

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Hong Kong “best in the world”

Hong Kong city at night

(Source: Inside Retail Asia | July 13, 2015) Hong Kong has been ranked the easiest and best place in the world to open a retail business, its economic archrival Singapore ranking right behind. Retailers in Hong Kong benefit from first rate infrastructure, superior business conditions and a strong economic climate, according to the Arcadis Retail Operation Index released today. Singapore ...

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