Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
Hong Kong
Retail
Hong Kong’s Retail Sales Post Surprise Drop in November
Retail sales value fell 4.2 percent from a year ago, the Census and Statistics Department said Wednesday.
Hong Kong’s Retail Sales Post Surprise Drop in November
Retail sales value fell 4.2 percent from a year ago, the Census and Statistics Department said Wednesday.
Luxury
Hong Kong Loses Top Ranking for Luxury Shopping to New York
Hong Kong no longer has the world’s most-expensive retail district after rents plummeted due to Covid curbs and restrictions on visitors.
Hong Kong Loses Top Ranking for Luxury Shopping to New York
Hong Kong no longer has the world’s most-expensive retail district after rents plummeted due to Covid curbs and restrictions on visitors.
Global Markets
Hong Kong Retail Sales Plunge Again in March on Virus Curbs
The fall in sales value from a year earlier was worse than the median estimate of a 12.6 percent decline expected by economists in a survey, though it was less than the 14.6 percent drop in February.
Hong Kong Retail Sales Plunge Again in March on Virus Curbs
The fall in sales value from a year earlier was worse than the median estimate of a 12.6 percent decline expected by economists in a survey, though it was less than the 14.6 percent drop in February.
China
World’s Most Expensive Retail Rents Tumble to Decade Low in Hong Kong
Landlords in Hong Kong’s priciest retail strips are facing a wake-up call: the days of leasing stores for $1 million a month are over.
World’s Most Expensive Retail Rents Tumble to Decade Low in Hong Kong
Landlords in Hong Kong’s priciest retail strips are facing a wake-up call: the days of leasing stores for $1 million a month are over.
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Sustainability
Chasing the Holy Grail of Circularity
Fashion has yet to crack industrial-scale recycling technologies that can keep clothes out of landfill. But there are solutions on the horizon, says Edwin Keh.
Chasing the Holy Grail of Circularity
Fashion has yet to crack industrial-scale recycling technologies that can keep clothes out of landfill. But there are solutions on the horizon, says Edwin Keh.
China
Where Global Brands Are Moving Their Asia-Pacific Headquarters
The pandemic and conflict between pro-democracy protesters and the government have dealt a severe blow to Hong Kong’s status as a corporate hub. Shanghai and Singapore will benefit most.
Where Global Brands Are Moving Their Asia-Pacific Headquarters
The pandemic and conflict between pro-democracy protesters and the government have dealt a severe blow to Hong Kong’s status as a corporate hub. Shanghai and Singapore will benefit most.
China
JD.com’s Logistics Arm Gets Green Light for Hong Kong IPO
On Thursday, the Chinese e-commerce giant’s logistics unit received approval to press on with an initial public offering that could raise up to $4
JD.com’s Logistics Arm Gets Green Light for Hong Kong IPO
On Thursday, the Chinese e-commerce giant’s logistics unit received approval to press on with an initial public offering that could raise up to $4
Global Markets
Gucci, Alexander McQueen Join Voucher Schemes in Hong Kong’s Top Malls
In a bid to attract shoppers back to the city’s brick-and-mortar stores, several high-end malls have launched cash voucher programmes in which luxury
Gucci, Alexander McQueen Join Voucher Schemes in Hong Kong’s Top Malls
In a bid to attract shoppers back to the city’s brick-and-mortar stores, several high-end malls have launched cash voucher programmes in which luxury
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Retail
Hong Kong’s Retail Woes Persisted in September
With inbound tourism unlikely to see a swift rebound, the city's retail sector continues to suffer in the wake of Covid-19 and socio-political unrest.
Hong Kong’s Retail Woes Persisted in September
With inbound tourism unlikely to see a swift rebound, the city's retail sector continues to suffer in the wake of Covid-19 and socio-political unrest.
Retail
Hong Kong Retail Slide Continued in August Amid Restrictions
Retail sales by value fell 13.1 percent from a year earlier to HK$25.6 billion ($3.3 billion).
Hong Kong Retail Slide Continued in August Amid Restrictions
Retail sales by value fell 13.1 percent from a year earlier to HK$25.6 billion ($3.3 billion).
China
Report: Shandong Ruyi Resists Lycra Sale in Favour of IPO
The Chinese apparel group is looking to publicly float the textile business following its weak financial performance.
Report: Shandong Ruyi Resists Lycra Sale in Favour of IPO
The Chinese apparel group is looking to publicly float the textile business following its weak financial performance.
China
Chinese E-tailer JD.com Files for Second Listing on Hong Kong Stock Exchange
China's second-largest online retailer could launch the offering to raise at least $2 billion as soon as next week.
Chinese E-tailer JD.com Files for Second Listing on Hong Kong Stock Exchange
China's second-largest online retailer could launch the offering to raise at least $2 billion as soon as next week.
The News in Brief
Fashion Startup Founder Pleads Guilty in $300 Million Fraud
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
Victoria’s Secret Forecasts Its Best Year Since L Brands Split
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.
Uniqlo Aims to Grow Tenfold in India With Summer-Centric Clothes
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Oasis Pressures Kao in Latest Japan Activist Investor Push
Activist fund Oasis Management Co. is calling on the Japanese personal care company to convene an extraordinary general meeting, seeking a probe into its supply-chain risk management and internal control.
American Eagle Forecasts Sales Growth Above Estimates on Demand From Wealthy Shoppers
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
Missoni Family Exits Namesake Brand
The transaction gives FSI, a Milan-based private equity fund, a controlling share in the Italian luxury house, as more founder-owned brands turn to investors to fund growth and weather a tough global market.
Ross Stores Forecasts Annual Sales Above Estimates on Resilient Demand for Discounted Apparel
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.