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
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
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
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
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
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
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
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, 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
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