Hongkongers made more than 1.4 million outbound trips over the Lunar New Year holiday, increasing by 20 per cent compared with 2019, while the number of arrivals over the same period remained lower than pre-pandemic levels. Immigration Department data released on Friday showed that from Lunar New Year’s Eve to the third day of the…
Hong Kong’s retail sales rose 1 per cent last year after recording a 6.6 per cent year‑on‑year increase in December, with authorities saying that improving consumer sentiment and growth in visitor arrivals would continue to support the sector. Figures released by the Census and Statistics Department on Tuesday estimated that the value of December’s retail…
Hundreds of eager shoppers flocked to Fortnum & Mason on Saturday for discounted products before the British luxury department store closes, with staff stopping the queue two hours after opening. By 2pm, the Post observed a queue of around 100 people stretching along the Tsim Sha Tsui waterfront. Staff began turning customers away from 1pm,…
Hong Kong received 10 per cent more visitors during the Christmas period compared with last year, while Hongkongers made almost 1.7 million outbound trips, up 22 per cent over the same period, according to official statistics. However, the retail sector warned that the absence of New Year fireworks could affect the number of visitors in…
Hong Kong has long been celebrated as a shopper’s paradise, known for its luxury brands, bustling markets, and vibrant urban energy. However, recent discussions highlight a pressing concern: The retail industry appears stagnant, necessitating rejuvenation through innovative customer experiences. During a recent conversation among local business community members focused on retail, one participant encouraged me…
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 has given 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…
Hong Kong developer Hang Lung Properties expects the city’s retail sector to remain sluggish this year amid a prolonged industry slump, while an unresolved tariff war with the US keeps businesses and consumers in mainland China is limbo. “The recent trade disputes and escalating restrictions between the US and China have created uncertainties in the…
Hong Kong’s retail sales in May jumped by 2.4 per cent year on year, reversing a 14-month contraction, with the uptick boosted by a surge in visitors during several “golden week” holidays. Provisional figures released by the Census and Statistics Department on Wednesday showed total retail sales in May reached HK$31.3 billion (US$3.9 billion). The…