• Fri
  • Oct 31, 2014
  • Updated: 3:40pm

Retail

Mainland Lunar New Year spending up 15 per cent

Ministry of Commerce figures show spending of 539 billion yuan (HK$665 billion) for the holiday period. Sales of groceries were up nearly 10 per cent, jewellery sales rose 38 per cent and garment sales rose more than 6 per cent, the ministry said.

Sunday, 17 February, 2013, 5:38am

New year banquet givers caught out by the new frugality

A year ago, mainland developers were busy wining and dining  government officials at five-star hotels before the Lunar New Year.

12 Feb 2013 - 5:07am 1 comment

Australian retailers reach out to Chinese shoppers

Be polite but not too familiar, display lucky symbols and take things slowly - unusual advice for the frantic world of retail but Australian stores hope it will help lure cashed-up Chinese tourists.

8 Feb 2013 - 1:49pm

Victoria Park's Lunar New Year Fair gets final touches

But many owners were also predicting a less profitable year because of the rocketing costs of booths - an increase they were reluctant to pass on to consumers.

4 Feb 2013 - 4:41am

Stores forecast Lunar New Year sales boost

Hong Kong's once vibrant retail sector has not experienced growth in the double digits since June last year. However, with buyers' appetite for shopping returning in the past two months, the Hong Kong Retail Management Association said sales in January and February could go up by between 12 and 13 per cent in dollar terms.

1 Feb 2013 - 5:22am

Shoppers empty shelves in Lunar New Year buying frenzy

Local shoppers are making an effort to buy their Lunar New Year goodies earlier this year even as enthusiastic mainlanders once more swamp the city, scrambling to clear the shelves.

24 Jan 2013 - 4:08am

Gome pulls plug on electrical shops and 100 jobs

Electrical appliance retailer Gome is closing its six shops in Hong Kong, throwing some 100 people out of work - starting in just 11 days on February 1.

The company announced over the weekend that it would be switching its Hong Kong business focus to wholesale trade.

21 Jan 2013 - 4:59am

Le Chinese tour de luxe

Move aside Mona Lisa. More Chinese visitors are headed to Paris and they are picking luxury stores such as Galeries Lafayette over visits to the Louvre.

19 Jan 2013 - 5:12am

EBay sales get holiday boost from mobile push

EBay, operator of the world's largest online marketplace, reported fourth-quarter revenue that topped some analysts' estimates, helped by record holiday sales on the web and mobile devices.

18 Jan 2013 - 5:27am

Big blow to local music business if Hong Kong HMV stores close (video)

Uncertainty over HMV's fate in Hong Kong has dealt yet another blow to the already troubled local music industry.

The 92-year-old British music and DVD retailer announced in London on Monday that it would enter administration, a form of bankruptcy, and it remains unclear what will happen to its six branches in Hong Kong.

17 Jan 2013 - 11:35am 3 comments

Future of Hong Kong's six HMV stores in balance as it calls in administrators

The fate of HMV's six Hong Kong shops hangs in the balance after the British music and DVD retailer said yesterday it was seeking help to save it from collapse.

The crisis may also affect gift vouchers already in circulation, with staff telling customers in Hong Kong that these would remain valid only "until yesterday".

16 Jan 2013 - 9:39pm 1 comment

Malls spend millions on attractions to bring in Lunar New Year shoppers

Shopping Mall owners are pining their hopes on securing bumper Lunar New Year sales for their retail tenants next month on a range of attractions for shoppers, including a cockatoo that will welcome visitors with a cheerful "kung hei fat choi" and Disney cartoon characters including Mickey Mouse dressed in Chinese costumes.

9 Jan 2013 - 3:26am

Luxury brands put own hands on deck

Luxury brands are increasingly reclaiming distribution rights from their mainland agents to assert tighter control of sales channels and better meet the growing sophistication of shoppers in the world's biggest luxury market.

The latest example is British fashion house Jimmy Choo, which has acquired its China business from partner Kutu.

7 Jan 2013 - 4:31am

Fashionistas' logo love affair shows big is beautiful in Hong Kong

It seems bigger is better when it comes to fashion labels and logos in Hong Kong.

You just need to do some so-called window shopping in Central to realise that Prada and Salvatore Ferragamo have got their branding down to an art form when it comes to the Asian consumer.

7 Jan 2013 - 9:04am 2 comments

Headwinds, high rent and new ground

Aviation

Soaring fuel prices and sluggish demand in the United States and the euro zone sapped the performance of global airlines in 2012, which face more headwinds in the new year.

31 Dec 2012 - 4:58am