Home » Hong Kong News » Hong Kong Welcomes More Tourists Than Ever But Retail Growth Remains Stagnant Amid Cross-Border Shopping Trends And Resident Spending Cuts Tuesday, July 15, 2025 Cross-border travel between Hong Kong and Shenzhen continues to grow in volume, but the economic benefits remain one-sided. A growing number of Hong Kong residents…
The global fashion industry produces between 80 billion and 150 billion garments annually. However, up to 40 percent remain unsold and frequently end up in landfill or incineration. Despite the environmental and financial toll, only one percent of fashion brands is actively working to reduce production volumes. UK trade show Source Fashion and retail consultancy…
The British government made faster economic growth its No. 1 mission. But efforts to kick-start it have been repeatedly knocked off course by a global economy lurching from one crisis to another. On Thursday, British officials appeared to secure a win. The country is set to announce some form of trade deal with the United…
Hong Kong tycoon Dickson Poon is seeking to take his flagship company Dickson Concepts (International) private as he delivered a dire assessment of the city’s ailing retail industry. The businessman, who controls 60.5 per cent of the company, offered HK$7.20 a share in cash to buy the remaining 39.5 per cent stake for a total…
There are not many certainties in the world of money, but this traditionally has been one of them: When life turns scary, people take refuge in American government bonds. Investors buy U.S. Treasuries on the assumption that, come what may — financial panic, war, natural disaster — the federal government will endure and stand by…
According to Uber’s ninth annual Lost and Found Index (timed to the end of Mercury in retrograde), when a passenger leaves their favorite Rhode lip gloss behind, they’re quick to report it. In reflection of the report, Camiel Irving, vice president of operations and GM of mobility US&C at Uber, told WWD that the report…
Airlines are having to revamp their plans ahead of the peak summer travel season as Canadians avoid trips to the United States amid an escalating trade war between the two neighbors. A grass roots effort by Canadians to boycott all things American — from U.S. grocery products and alcohol to tourist hot spots — had…
Apple’s (NASDAQ:AAPL) smartphone shipments in China dropped by 21% in January, a significant hit that underscores the growing challenges in the world’s largest consumer market. According to the China Academy of Information and Communications Technology, the foreign-branded phone segment, including Apple’s iPhone, shrank to 4.4 million units from 5.5 million units a year earlier. Total…