https://www.scmp.com/rss/522359/feed Hong Kong Retail Management Association (HKRMA): A prominent Hong Kong-based professional association, the HKRMA is dedicated to promoting the retail industry and providing a unified voice for retailers. Headquartered in Causeway Bay, its primary mission involves raising the status and professionalism of retailing through education, training, and various awards programmes. As the leading retail association in Hong Kong, HKRMA represents over 8,000 retail outlets, employing over half of the local... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Ng Kang-chung Ng Kang-chung Hong Kong’s smaller grocers are bracing for pressure amid a fresh wave of price cuts by supermarkets and big retail chains, but some economists say their “neighbourhood connection” could help them stay afloat. A lawmaker also said it was unlikely the big local chains would monopolise the market citing strong competition from online shopping platforms. The latest price war erupted ahead of Mother’s Day on Sunday, with CK Hutchison-backed ParknShop and Jardine Matheson’s Wellcome each offering 12... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3353063/small-grocers-neighbourhood-links-can-help-them-beat-price-war-experts-say?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3353063/small-grocers-neighbourhood-links-can-help-them-beat-price-war-experts-say?utm_source=rss_feed Sun, 10 May 2026 14:18:22 +0000 Wynna Wong,Eric Jiang Wynna Wong,Eric Jiang Hong Kong welcomed more than 1 million mainland Chinese visitors during their five-day Labour Day “golden week” holiday, a 10 per cent rise from a year ago, exceeding government expectations, but industry leaders have said their spending was inconsistent. Immigration Department data showed the city recorded 1.01 million mainland visitor arrivals between May 1 and 5, surpassing the forecast of 980,000. Chief Secretary Eric Chan Kwok-ki said on Wednesday some shopping centre operators had reported... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3352654/hong-kong-draws-over-1-million-mainland-golden-week-visitors-spending-lags?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3352654/hong-kong-draws-over-1-million-mainland-golden-week-visitors-spending-lags?utm_source=rss_feed Wed, 06 May 2026 13:51:59 +0000 Eric Jiang Eric Jiang Hong Kong’s retail sales jumped by 12.8 per cent in March, bringing first-quarter growth to 9.8 per cent, driven by a spurt in electric car sales ahead of the withdrawal of tax breaks. Provisional figures released by the Census and Statistics Department on Wednesday showed that retail sales reached HK$33.9 billion (US$4.32 billion) in March. The March increase was largely driven by an 80.8 per cent surge in the value of car sales as buyers raced to make deals before tax breaks for electric cars... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3352608/hong-kong-retail-sales-jump-128-march-back-higher-car-sales?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3352608/hong-kong-retail-sales-jump-128-march-back-higher-car-sales?utm_source=rss_feed Wed, 06 May 2026 08:57:45 +0000 Oscar Liu Oscar Liu Hong Kong’s catering sector and hoteliers are expecting a business boost during the Labour Day “golden week” holiday from May 1 to 5, with industry leaders hoping the growing trend of mainland Chinese visitors hiking and sailing yachts will bring a windfall to seafood restaurants in Sai Kung and the outlying islands. The industry leaders also said that rising tensions in the Middle East, which have pushed up fuel surcharges, had inadvertently benefited Hong Kong, as mainland travellers... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3352073/yacht-tourists-hikers-drive-golden-week-optimism-hong-kong-eateries?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3352073/yacht-tourists-hikers-drive-golden-week-optimism-hong-kong-eateries?utm_source=rss_feed Fri, 01 May 2026 00:30:11 +0000 Lo Hoi-ying Lo Hoi-ying Hong Kong’s retail sales jumped by nearly 12 per cent in the first two months of 2026 against a year ago, with authorities pointing to growth in the local economy and a surge in tourists. Provisional figures released by the Census and Statistics Department on Wednesday showed retail sales reached HK$35 billion (US$4.47 billion) in February, driven by the Chinese New Year holiday and major events in the city. Sales were HK$37.3 billion in January. The department combined the retail sales figures... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3348664/hong-kong-retail-sales-jump-nearly-12-first-2-months-year?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3348664/hong-kong-retail-sales-jump-nearly-12-first-2-months-year?utm_source=rss_feed Wed, 01 Apr 2026 08:49:30 +0000 Leopold Chen Leopold Chen Hong Kong’s retail sales rose 5.5 per cent year on year in January, with authorities crediting inbound tourism for supporting the sector. Provisional figures released by the Census and Statistics Department on Wednesday showed sales reached HK$37.3 billion (US$4.77 billion) in January, marking the ninth straight month of growth since May 2025, after 14 consecutive months of decline. The increase ended a four-month streak of growth above 6 per cent, but the government cautioned that the slower... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3345412/hong-kongs-retail-sales-rise-55-january-tourists-loosen-purse-strings?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3345412/hong-kongs-retail-sales-rise-55-january-tourists-loosen-purse-strings?utm_source=rss_feed Wed, 04 Mar 2026 09:07:55 +0000 Ambrose Li Ambrose Li Christmas celebrations will be muted in Hong Kong following the city’s deadliest fire in seven decades, business leaders say, as they try to balance the need to generate revenue with public mourning for the 160 victims. After the inferno that tore through Wang Fuk Court in Tai Po on November 26, many parties, gatherings, concerts and ceremonies were either delayed or cancelled as shocked residents were overwhelmed with grief. But slowly, businesses have started to roll out Christmas promotions,... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3336406/hong-kong-businesses-prepare-scaled-down-christmas-celebrations-after-fire?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3336406/hong-kong-businesses-prepare-scaled-down-christmas-celebrations-after-fire?utm_source=rss_feed Mon, 15 Dec 2025 00:30:17 +0000 Edith Lin Edith Lin More than 1.4 million mainland Chinese passenger trips were made to Hong Kong during the National Day “golden week” holiday, official data has shown, but the number still fell short of the city government’s expectations of nearly reaching pre-pandemic levels of 1.52 million. While Hong Kong retailers and caterers reported business growth of up to 20 per cent year on year during the break, a sector representative said on Thursday that tourists’ spending power had remained weak. According to the... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3328315/14-million-mainland-passenger-trips-made-hong-kong-over-golden-week-holiday?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3328315/14-million-mainland-passenger-trips-made-hong-kong-over-golden-week-holiday?utm_source=rss_feed Thu, 09 Oct 2025 04:29:14 +0000 Wynna Wong,Lo Hoi-ying Wynna Wong,Lo Hoi-ying Hong Kong’s unexpectedly robust retail sales in August were bolstered by a surge in tourism and a strong local stock market but recovery remains uneven, with businesses of popular consumer goods preparing for potential price wars driven by the lower cost of living across the border. Government figures released on Thursday showed retail sales grew by 3.8 per cent year on year, marking a fourth straight month of growth. It followed 14 consecutive months of decline from March 2024 to April 2025 and... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3327683/have-hong-kongs-retailers-turned-corner-after-augusts-sales-surge?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3327683/have-hong-kongs-retailers-turned-corner-after-augusts-sales-surge?utm_source=rss_feed Fri, 03 Oct 2025 00:30:11 +0000 Lam Ka-sing Lam Ka-sing A recent improvement in Hong Kong’s retail sector spilled into July, with sales rising by 1.8 per cent year on year in a sign that the industry had stabilised, the government said on Monday. According to the Census and Statistics Department, the increase marked the third month in a row of growth following 14 consecutive months of decline. The 1.8 per cent increase in retail sales, to HK$29.7 billion (US$3.8 billion), was bigger than the revised 0.7 per cent year-on-year rise in June. A... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3323919/hong-kong-retail-recovery-rolls-third-month-july-sales-rise-18?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3323919/hong-kong-retail-recovery-rolls-third-month-july-sales-rise-18?utm_source=rss_feed Mon, 01 Sep 2025 08:55:40 +0000 Jiang Chuqin Jiang Chuqin Hong Kong’s retail sales in May jumped by 2.4 per cent year on year, reversing a 14-month contraction, with the uptick boosted by a surge in visitors during mainland China’s Labour Day “golden week” holiday. Provisional figures released by the Census and Statistics Department on Wednesday showed total retail sales in May reached HK$31.3 billion (US$3.9 billion). The figure represents the first time sales have grown since February 2024, when the city recorded an increase of 1.9 per cent year on... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3316656/hong-kongs-may-retail-sales-24-ending-14-month-contraction?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3316656/hong-kongs-may-retail-sales-24-ending-14-month-contraction?utm_source=rss_feed Wed, 02 Jul 2025 09:23:39 +0000 Joshua Kwok Joshua Kwok Hong Kong consumers can expect to enjoy deals and discounts at more than 8,800 stores and restaurants as part of celebrations to commemorate the 28th anniversary of the city’s return to Chinese rule on July 1, amid a sluggish economy. The Hong Kong Catering Industry Association said more than 3,800 food and beverage establishments would provide discounts on the occasion, while the city’s Retail Management Association said 5,000 stores would launch a two-month shopping festival on the same... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3316109/hungry-savings-hong-kong-restaurants-shops-offer-july-1-anniversary-deals?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3316109/hungry-savings-hong-kong-restaurants-shops-offer-july-1-anniversary-deals?utm_source=rss_feed Fri, 27 Jun 2025 09:16:43 +0000 Edith Lin Edith Lin Former Hong Kong leader Leung Chun-ying has urged landlords to lower rents as the city’s commercial property vacancy rate hit a 40-year high and retailers cried foul over being forced to close businesses to stem losses. But market observers said on Friday that many landlords were willing to reduce rents, except for highly sought-after shops in prime locations, with some noting that retailers also had the responsibility to reinvent their offerings. In a social media post on Thursday, Leung... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3316058/cut-rents-now-or-miss-out-cy-leung-tells-hong-kong-landlords?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3316058/cut-rents-now-or-miss-out-cy-leung-tells-hong-kong-landlords?utm_source=rss_feed Fri, 27 Jun 2025 05:34:04 +0000