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Retailingi

Latest news and features on retailing with a particular focus on Hong Kong, mainland China and Asia, covering consumer goods and services, retail strategies, shopping habits, sales results and trends.

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  • One mainland couple opted to stay in Futian and commute daily across the border to Hong Kong to save cash
  • But some still splash out on city hotels and spend on luxury items like skincare products and watches

Mainland China-based chains including Lam Heung Ling, Jo’s Cha, Linlee, The One Lemon Tea and LMM have set up shops in Hong Kong recently. Analysts assess their chances.

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Simon Wong, president of Hong Kong Federation of Restaurants and Related Trades, says visitor numbers below expectations compared with pre-pandemic levels.

The leadership reshuffle at Huawei’s consumer business group comes as the company regains lost ground in China’s smartphone market and doubles down on electric vehicle systems.

Yum China Holdings, which owns the KFC and Pizza Hut restaurant chains in mainland China, plans to open more stores in ‘untapped’ parts of the country where it hopes its low-price strategy will appeal to vast numbers of less affluent customers.

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Hong Kong SMEs’ confidence in the second-quarter business outlook has improved slightly, but it remains well below the year-earlier level when confidence soared on the back of border reopening, survey shows.

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Louis Vuitton is returning to Times Square, three years after the French luxury brand shut its store, a sign of a brighter outlook for Hong Kong’s luxury retail market.

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Austrian crystal maker Swarovski has launched a lab-grown diamonds collection in China, in a sign that it has confidence in its second-largest market by sales despite some economic turbulence.

Hong Kong-based Leung So Kee Umbrella Factory is one of the oldest handmade umbrella makers in China, weathering storms from political instability to Japanese competition – but Jet Li was too much.

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A growing number of Hong Kong e-commerce merchants are expanding their business to customers beyond the city, according to the latest report by e-commerce solution provider Shopline.

Apple is still No 1 in China’s premium segment, which consists of handsets priced over US$600, but it is losing market share to Honor and Huawei, according to IDC.

AliExpress, the international online retail platform of Alibaba, has been in talks to invest US$72.4 million to acquire a 5 per cent stake in Ably Corp.

The Hong Kong Monetary Authority’s SME information platform is part of its ongoing efforts to help SMEs affected by the shift in consumer and tourist spending patterns.

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Hong Kong’s economic recovery is slowly filling up retail spaces, pushing vacancy rates to a three-year low. The rebound, however, is bypassing the northwestern part of the city in Yuen Long and Sheung Shui.

Hang Lung Properties is targeting discerning Chinese consumers’ penchant for luxury goods as it prepares to undertake the expansion of its flagship mall in Shanghai.

China must emphasise modern services in its push for new productive forces, Sheng Songcheng says, flagging the need for a hi-tech, high-quality service sector.

The grievances raised by the All India Mobile Retailers Association show the current precarious position of OnePlus’ business in the world’s second-largest smartphone market.