TOPIC

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.
A woman shops in a supermarket in Beijing on December 8, 2025. Photo: EPA
Consumers

China’s cautious shoppers continue to challenge consumer brands

Makers of fast-moving goods must look to lower-tier cities for growth as deflation persists, Bain & Co and Kantar Worldpanel say.

Hong Kong property

McDonald’s tastes fat profit in US$9.3 million Hong Kong property sale

Style Edit

Style Edit: Boghossian opens a high jewellery boutique in Macau

Hong Kong property

Schiaparelli picks Hong Kong’s Landmark for first flagship Asian store

The fashion house, which is known for its unique and surreal designs, will open its boutique in Hong Kong January.

Hongkong Land’s Landmark shopping centres in Central are undergoing renovation. Photo: Jonathan Wong
Style Edit

Style Edit: Hongkong Land’s Noëlia Christmas village at the Landmark Atrium

Attractions include Baccarat and Christofle installations, a cosy bookshop and cake shop, an interactive wishing lake, and an 8-metre slide.

Hong Kong property

HSBC to occupy over 40,000 sq ft at Hong Kong’s Capitol Centre in 2026

Current tenant Chanel’s three-year lease for the prime retail space in Causeway Bay expires on May 15 next year.

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Hong Kong economy

Editorial | Hong Kong’s October retail sales figures underline need for change

The data suggests sales didn’t keep up with increased tourism. Retailers must do more to adapt to visitors’ new spending preferences.

Tourists from the mainland take pictures in Kennedy Town on the last day of the “golden week” holiday on October 8. Photo: Eugene Lee
Style Edit

Style Edit: Giorgio Armani’s new menswear boutique opens at Pacific Place

The Italian brand’s new menswear boutique joins its other outposts at the Hong Kong Island mall, creating an on-brand immersive experience.

Mainland China

Chinese consumer and tourism firms turn to shareholder perks to stimulate sales

Companies from Sichuan to Anhui offer discounts and free tickets to shareholders amid slowing consumption in mainland China.

China consumption

China delivers record 180 billion parcels in 11 months as shoppers chase deals

Express deliveries have reached as high as 777 million per day in 2025 as China’s consumers turn to cut-price online platforms.

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Parcels are piled up near an apartment building in Beijing during the Singles’ Day shopping festival in November 2020. China’s consumers continue to turn to e-commerce platforms to find cut-price deals. Photo: AP
China consumption

Pursuit of hoppiness: how China’s cash-conscious drinkers embraced craft beers

As discerning alcohol consumers seek ‘wallet-friendly’ products, premium beers are winning out over higher-end options.

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Illustration: Henry Wong
Mergers & Acquisitions

China’s Anta considers bid for Germany’s Puma amid 62% stock slump: sources

Hong Kong-listed Anta has been working with an adviser to evaluate a bid for Puma and could team up with a private equity firm, sources said.

Beauty

8 of the most coveted beauty advent calendars of 2025

The world’s biggest beauty brands – and department stores – are ushering in the holiday season with 24 days of luxe beauty ritual.

Hong Kong economy

Opinion | Why this is not just another retail downturn for Hong Kong

When even Link Reit, the city’s largest retail landlord, is cutting dividends, the downturn looks less like a dip than a shift.

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A mall in Tsim Sha Tsui on July 31. Photo: Jelly Tse
Fashion

8 viral tote bags: Emily Ratajkowski’s Daunt Books tote and more

Trader Joe’s micro bags have brought totes into the conversation again – here are a few that have taken off and are gaining cult status.

Emily Ratajkowski with a Daunt Books tote. Photo: Getty Images
China consumption

China’s liquor capital faces long march to rebirth as ‘liquid gold’ glory wanes

In Maotai town, baijiu producers diversify offerings while expanding to markets such as Hong Kong and Southeast Asia amid a culture shift and economic challenges.

Consumers

Rising down jacket sales offer cushion against deflation in mainland China

Bosideng and other retailers expect winter wear sales to boom for three more months, buoyed by strong demand for high-end products.

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United States

Pop Mart’s Labubu balloons to debut at Macy’s Thanksgiving Parade in New York

A brown Labubu and a pink Mokoko will appear alongside characters such as Skullpanda, Dimoo and Molly on the toymaker’s Pop City float.

A Thanksgiving Day float featuring Pop Mart’s Labubu, right, and Mokoko are displayed during a press preview of the new floats at Macy’s Parade Studio in Moonachie, New Jersey, on Tuesday. Photo: AP
Fashion

How did Kim Kardashian’s Skims become a US$5 billion brand?

The shapewear and athleisure brand founded by Kardashian has been valued in the billions after a recent round of fundraising led by Goldman Sachs Alternatives in the US.

Icons and Influencers

Meet billionaire heir Sammy Nussdorf, founder of Meadow Lane

The heir to a billionaire New York family, Nussdorf studied at NYU and went to culinary school before opening his luxury grocery store.

International Property

Hong Kong’s Tsim Sha Tsui holds ground as world’s fourth priciest shopping strip

The city’s core retail areas, including Causeway Bay and Central, dominate the Asia-Pacific regional table: Cushman & Wakefield.

Rents at Tsim Sha Tsui are at US$1,515 per square foot per year. Photo: Jelly Tse
Hong Kong property

Henderson’s Central Yards, with sky garden and Broadway theatre, to open in 2027

The Hong Kong-listed developer’s 1.6 million sq ft sustainable mixed-use project will provide more than 700,000 sq ft of office and ancillary space.

An artist’s Impression of Henderson Land’s Central Yards mixed-use development on the New Central Harbourfront. Photo: Handout
Banking & finance

Hong Kong lenders tread carefully amid mixed recovery signs: TransUnion

Retail sales are picking up, but unemployment remains high, prompting lenders to adopt a cautious easing, TransUnion’s Hong Kong CEO says.

Yum China

KFC, Pizza Hut operator Yum China pushes rapid expansion into lower-tier cities

The initiative is expected to increase the fast-food operator’s total number of mainland China stores to 30,000 by 2030.

Labubu

Is the bubble surrounding Pop Mart’s Labubu about to burst?

Labubu dolls have been all the rage, but experts project that the trend may be on the verge of collapse – like the Beanie Babies before them.

Labubu dolls, from The Monsters Have a Seat series. Photo: Handout
China consumption

Open Questions | Chinese economist Lu Feng on why the time is ripe for a consumption rebalance

Peking University professor says China’s next five-year plan could provide the necessary momentum to shift more public resources to households.

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Illustration: Henry Wong
E-commerce

Chinese vendors on Shein, Temu face tax changes at home and abroad

While the EU ends a duty exemption, a reform of China’s tax regime may present the bigger challenge for cross-border sellers.

Open Questions series

Open Questions | China’s weak consumption and how economist Lu Feng would fix it

With 15th five-year plan promoting consumption, Peking University expert spells out imbalances and contradictions in Chinese economy and ways to resolve them.

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