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Retailing

Retailing
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.
Daryl Ng Win Kong, chairman of Sino Land, speaking after one of the company’s annual general meetings. Photo: Handout
Hong Kong property

Sino Land profit rises 14% as property losses narrow, but core earnings fall

Developer adds to land bank despite pressure on mall rents, as e-commerce and outbound travel reshape Hong Kong’s retail market.

IPO

Shein slips on Hong Kong debut amid fast-fashion challenges

France

France takes aim at ultra-fast fashion with fee per garment

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Hong Kong property

Hot property: Big banks, fashion stores seek ‘cheaper’ top Hong Kong retail

HSBC to open its first flagship operation at the Capitol Centre, where market sources say the rent is much lower than its previous tenancy.

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HSBC is set to occupy more than 3,716 square metres of space in Capitol Centre in Causeway Bay. Photo: Handout
Hong Kong economy

Hong Kong retail sales rise 4.5% in July, marking 15th straight month of growth

Retail sales value for the month reaches HK$31 billion, with momentum remaining ‘resilient’.

China manufacturing

China’s factory activity improves in August, but stays in contraction

The PMI index was up last month to 49.8 from 49.2 in July, according to figures from the National Bureau of Statistics.

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Hong Kong property

Can Hong Kong expect to see fewer creditor-led commercial property sales?

City’s office and retail property segments have been mired in a multi-year slump that has triggered loan defaults.

Commercial buildings in Central, Hong Kong. Photo: Jelly Tse
Hong Kong property

JD.com’s expansion could test Hong Kong’s footfall-driven retail property model

Chinese e-commerce firm builds network of stores and warehouses that analysts say may reduce reliance on footfall for some retailers.

China consumption

‘On-the-ground exports’: Shanghai turns to foreign tourists to boost consumption

Inbound visitors are considered a low-cost initiative to address the nation’s consumption figures.

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Hong Kong stock market

Amos Food hungry for Hong Kong capital to expand global sweets empire

The confectionery firm’s Peelerz gummies have become a viral sensation on TikTok. Now, it aims to raise funds to expand its overseas presence.

Chinese confectionery giant Amos Food has seen its sweet brands go viral on TikTok and other social media platforms. Photo: Handout
Food and Drinks

Chocolate’s bean-to-bar boom, from Asian flavours to single-origin cacao

Artisanal brands like Marou, Dandelion, Pump Street and Fossa are among the makers championing traceable cacao, bold flavours and small-batch craft.

Singapore-based Fossa Chocolate is known for its Asian-inspired flavours. Photo: Handout
China’s private sector

As bubble tea craze cools in China, can full equity buyouts revive growth?

Bain Capital’s acquisition of Gong Cha may signal a shift in bubble tea investment strategy, as sector slows after years of rapid expansion.

China consumption

Louis Vuitton trims China presence amid fallout from trademark dispute

The latest China store exit in Guiyang highlights the luxury brand’s struggle to balance prestige with cultural empathy amid legal disputes.

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Hong Kong society

How Hong Kong beauty retail tactics echo global Dead Sea sales scams

WikiLeaks files reveal pushy sales operations for Dead Sea beauty products have been problematic in several countries for decades.

Illustration: Brian Wang
Hong Kong economy

Beyblade battles drive up sales at Hong Kong malls, but will the trend last?

Struggling to attract patrons, shopping centres are embracing resurgent popularity of Japanese toy, drawing fans who stay and spend – at least for now.

A staff member engages in a Beyblade battle with a child at the Lukfook Jewellery outlet in Tuen Mun Town Plaza. Photo: Elson Li
Hong Kong stock market

China’s Pop Mart warns of looming headwinds, unveils buy-back plan

Decline in sales growth will be ‘difficult to reverse’ without a new product format or powerful celebrity endorsement, analyst says.

Hong Kong stock market

Shein pushes back Hong Kong debut to September amid delayed orders: sources

The fast-fashion firm originally aimed to wrap up its IPO in August, but a delay in investor orders has forced a change of plan, sources say.

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Hong Kong economy

In Focus | Does struggling Hongkong Post need to deliver profits or just public services?

After eight consecutive years of deficits and with few branches turning a profit, what is next for Hongkong Post?

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Illustration: Henry Wong
China consumption

China eyes rural markets, local town centres to tackle national consumption woes

The nation is looking beyond its higher-tier cities like Beijing and Shanghai to address weak domestic demand.

China stock market

China’s state funds exit Kweichow Moutai as 25-year profit growth comes to end

Central Huijin Investment and China Securities Finance are not among Kweichow Moutai’s top 10 shareholders as of second quarter.

China jobs

China’s domestic demand further weakens in July, analysts bet on extra stimulus

Retail sales, a key consumption metric, trailed a 1.3 per cent growth forecast, while fixed-asset investment also weakened.

Employees work in a restaurant in Beijing. Photo: EPA
China consumption

High-spending counties offer a rare bright spot amid China’s weak demand

Lower costs, lighter debt and return-migrant capital are boosting household purchasing power in China’s smaller cities.

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Retail spending in China’s county-level economies has risen to match or surpass that of the country’s biggest cities, according to data from local authorities. Photo: Xinhua
Hong Kong economy

Opinion | Hong Kong’s night economy must focus on after-dark vibes, not events

Organising the biggest spectacles or boasting of the loudest nightlife matters less than understanding why people choose to stay out in the first place.

Hong Kong economy

Hong Kong raises growth forecast after best half-yearly showing in nearly 5 years

Hong Kong revises full-year economic growth forecast for 2026 to a range of 3.5 to 4.5 per cent.

E-commerce

JD.com’s second-quarter profit rises 15% as food-delivery losses narrow

Net revenue dips, but still beats analysts’ estimate, as e-commerce giant contends with weak demand and fierce competition.

The results underscore the impact of JD.com’s expansion into food delivery, logistics and international operations over the past year. Photo: Xinhua
Hong Kong property

CK Hutchison Holdings reports 31-fold surge in first-half profit

Global environment in the first half of 2026 was ‘exceptionally turbulent and uncertain’, says chairman Victor Li Tzar-kuoi.

A screenshot of CK Hutchison Holdings’ chairman Victor Li Tzar-kuoi from the 2025 CK Hutchison general meeting. Photo: Handout
Hong Kong property

Hong Kong developer Hysan’s first-half earnings rise 7.4% as project milestones near

Causeway Bay’s top landlord posts HK$1.11 billion in earnings as Lee Garden Eight project remains on schedule for completion this quarter.

China consumption

Gap bucks retail headwinds with massive China expansion amid localisation drive

Gap’s plan for dozens of new stores and return to Hong Kong market comes as Ralph Lauren also posted a 40 per cent year-on-year jump in China sales in past quarter.

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