Retail
Luxury goods companies coming to grips with new Hong Kong reality
Chinese shoppers are going and shopping elsewhere.
Luxury goods companies coming to grips with new Hong Kong reality
Chinese shoppers are going and shopping elsewhere.
Chow Tai Fook end-December SSSG -15%
It was a lackluster performance.
Prime street shop rents to drop as much as 15% in 2016
Retail environment expected to remain challenging.
Hong Kong's overall retail sales slipped by 2.7%
Market's asset value has dropped massively by 29%.
Worst not yet over for Sa Sa amid challenging outlook for 2HFY16
Obstacles loom in Hong Kong and Macau.
Sa Sa reports sluggish 1HFY16 results with 10.6% yoy decline
Management remains cautious on fundamentals.
Weak retail sentiment drives down shop rents in core areas by 15.7%
Decline decelerating after 3Q15 slump, though.
Chow Tai Fook, Luk Fook hint of possible profit decrease by at least 40% y/y
They issued profit warnings recently.
Luxury retailers starting to get hurt by Hong Kong's bad retail trends
Retailers are reassessing real estate requirements.
Hong Kong luxury retailers mulling strategy overhaul
Due to slowdown in luxury retail sector.
Food, alcohol, tobacco sales grew 22.8% y/y in September
Mid-Autumn festival is the possible growth driver.
Fierce competition dragged Sa Sa's group sales by 12.4% to HKD2b
HK sales dropped 13.2%.
Foundation stone laying ceremony for the new Patek Philippe building in Plan-les-Ouates
In January 2015, Patek Philippe announced its decision to strengthen its presence in Geneva with the construction of a new building on its...
August retail sales down 5.4% YoY to HK$37.9 billion
Sluggish inbound tourism is blamed.
Lower gold price leads to unexpectedly better 2QFY16 for Chow Tai Fook
But overall HK retail conditions continue to slide.
Hong Kong retail sales take 5.4% y/y dip in August
Visitor spending believed to have been weak.
Muslim tourists spent $62 billion in shopping and dining
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