9 d. ago As Hong Kong retail sales recover, can landlords follow with higher shop rents?

Ever since Hong Kong’s retail sector shook off 14 months of consecutive declines in May, analysts have been speculating whether the city’s landlords and developers can look forward to rental increases sooner rather than later. Hong Kong retailers such as Bakehouse and Korean food and beverage operator Seoul Recipe Group are more optimistic these days, as locals and tourists alike start to spend more in the city. However, a meaningful recovery in rents for high street shops and prime shopping...

Economics

1 week ago 1.4 million mainland Chinese passenger trips made to Hong Kong over ‘golden week’

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...

Politics

1 week ago Hong Kong stocks fall on disappointing ‘golden week’ retail sales in China

Hong Kong stocks fall on disappointing ‘golden week’ retail sales in China  South China Morning Post

Politics

1 week ago Hong Kong stocks fluctuate on disappointing ‘golden week’ retail sales in China

Hong Kong stocks fluctuate on disappointing ‘golden week’ retail sales in China  South China Morning Post

Politics

1 week ago Hong Kong retailers, caterers enjoy ‘golden week’ business growth of up to 20%

Hong Kong retailers and caterers have reported business growth of up to 20 per cent year on year during mainland China’s National Day “golden week” break, with one tourist spending a whopping HK$1 million (US$128,500) on international brands, business leaders have said. Industry leaders said stores selling gold, jewellery and cosmetic products emerged as the big winners as the eight-day break wrapped up on Wednesday, while cha chaan teng were the top dining choice, followed by Chinese...

Politics

1 week ago New trend among fashion brands: setting up cafes to drive up store traffic

A new trend has emerged in Hong Kong’s commercial property landscape as the retail sector slowly recovers: non-food and beverage (F&B) brands are turning to casual dining to entice young consumers and get more out of their premises. Japanese apparel retailer Uniqlo carved up some space for a cafe in its refurbished Cityplaza outlet in Taikoo Shing last year and American luxury brand Ralph Lauren went further by opening standalone Ralph’s Coffee shops in high-end malls like Harbour City in Tsim...

Politics

1 week ago Hong Kong’s fashion retailers look to cafes to restore chicness to their brands

A new trend has emerged in Hong Kong’s commercial property landscape as the retail sector slowly recovers: non-food and beverage (F&B) brands are turning to casual dining to entice young consumers and get more out of their premises. Japanese apparel retailer Uniqlo carved up some space for a cafe in its refurbished Cityplaza outlet in Taikoo Shing last year and American luxury brand Ralph Lauren went further by opening standalone Ralph’s Coffee shops in high-end malls like Harbour City in Tsim...

Politics

2 w. ago Tourism rebound driving retail recovery in Hong Kong, finance chief says

Hong Kong’s strong tourism rebound has driven a steady recovery in retail sales and the government will keep up the momentum with a packed calendar of mega-events for the rest of the year, the finance chief has said. Financial Secretary Paul Chan Mo-po also said on Sunday the government would work with different sectors to attract more visitors and encourage them to stay longer to maximise the economic benefits of mega-events. Writing on his weekly blog, Chan noted that retail sales in August...

Politics

2 w. ago Has Hong Kong’s retail sector turned the corner after August’s sales surge?

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...

Politics

2 w. ago Hong Kong retail recovery accelerates as August sales rise by 3.8%

Hong Kong’s retail recovery accelerated in August with sales rising by 3.8 per cent year on year and for the fourth month in a row, as the city’s mega-event tourism drive provided a boost to consumer sentiment. Provisional figures released by the Census and Statistics Department on Thursday showed sales of HK$30.3 billion (US$3.9 billion) in August, the fourth month in a row of growth following 14 consecutive months of decline. In July, retail sales rose by a revised 1.8 per cent to HK$29.7...

Politics

2 w. ago Hong Kong’s retail sales rise by 3.8% in August, helped by tourism

Hong Kong’s retail sales continued to improve in August, accelerating by 3.8 per cent year on year and for the fourth month in a row, as the city’s mega-event tourism drive provided a boost to consumer sentiment. Provisional figures released by the Census and Statistics Department on Thursday showed sales reached HK$30.3 billion (US$3.9 billion) in August, the fourth month in a row of growth following 14 consecutive months of decline. The growth was the sharpest since December 2023 when it...

Politics

3 w. ago Mandarin Oriental confirms talks to sell top floors of One Causeway Bay

Mandarin Oriental International said on Tuesday it was in discussions regarding the potential sale of a portion of its prime mixed-use building, One Causeway Bay, in one of Hong Kong’s top retail and business hubs. The company, which operated 43 assets worldwide as of June, said negotiations were ongoing but “there can be no certainty that any sale will proceed, nor as to the terms on which such a sale might be made”. “A further announcement will be made if and when appropriate,” it said. A...

Politics

3 w. ago Chinese retailer Miniso to spin off Top Toy, list it in Hong Kong

Chinese budget retailer Miniso plans to spin off its Top Toy brand and list it in Hong Kong, riding a wave of investor enthusiasm for Chinese toymakers and highlighting the city’s renewed status as a global fundraising hotspot. The business, which will remain a subsidiary of Guangzhou-based Miniso post spin-off, focuses on pop culture-inspired collectible toys. Hong Kong-listed Miniso had said in June it was assessing a potential spin-off of Top Toy, signalling growing confidence in the brand’s...

Politics

3 w. ago Hong Kong regulator, banks work on who should pay for scam losses

Hong Kong’s de facto central bank reached out to retail banks on Friday for input on how lenders and their customers should share responsibility for losses when the customers fall victim to scams, as such cases continue to rise in the city. The Hong Kong Monetary Authority (HKMA) sent out a refined proposal of a “responsibility framework” that aims to guide banks on handling customer claims for losses when customers have been tricked into authorising payments to scammers, according to Arthur...

Economics

3 w. ago JD.Com Stock Grabs Retail Eyeballs On Hong Kong Pop As China Moves To Level Food Delivery Playing Field

JD.Com Stock Grabs Retail Eyeballs On Hong Kong Pop As China Moves To Level Food Delivery Playing Field  Stocktwits

Society