Luxury brands are pushing landlords in Hong Kong to lower store rents amid a sales slowdown in the city as Chinese tourists rein in spending. A spokeswoman for Prada told the Wall Street Journal that ...More
EJ Insight2015-09-21
A shoplifter hit a Causeway Bay luxury shop twice in a matter of minutes and made off with more than HK$10,000 (US$1,290) worth of merchandise. The missing goods were discovered the next day when the ...More
EJ Insight2015-09-01
It is maybe bad enough to confess that every Saturday I curl up with the House & Home property supplement of the Weekend FT for a voyeuristic glimpse inside the genteel lives of the global rich an ...More
EJ Insight2015-04-24
European high fashion retailers have been slashing prices in Hong Kong, attracting hordes of buyers. But the price cuts are not enticing customers from across the border. Reason: mainland retailers of ...More
EJ Insight2015-04-02
Prada SpA (01913.HK) plans to add 30 new stores this year, 24 fewer than last year, amid an uncertain environment in the luxury retail market, the Hong Kong Economic Journal reported Tuesday, citing t ...More
EJ Insight2015-03-31
Suffering from the uncertain global economic outlook and as fewer Chinese consumers consume luxury goods, many luxury giants, such as Louis Vuitton, Hermes and Prada, are struggling with slower growth ...More
EJ Insight2015-03-23
French luxury brand Chanel has slashed the prices of its handbags in Hong Kong by more than 20 percent from Tuesday, catching the attention of consumers. Long queues were seen outside the company's bo ...More
EJ Insight2015-03-18
When Guangzhou’s first low-tax shop opened on Friday in a downtown district, it attracted 5,000 people, many of whom queued for three hours. By lunchtime all the stocks of diapers and milk powder had ...More
EJ Insight2015-01-28
Luxury brands and jewelry retailers in Hong Kong are struggling to regain their growth as deep-pocketed mainlanders are shifting to other overseas destinations for their shopping expeditions. Firms su ...More
EJ Insight2014-12-29
Hong Kong's next batch of multi-millionaires are about to be minted thanks to a record Mark Six jackpot (HK$150 million) this weekend and a whopping 3T prize money (HK$30 million) as the horse racing ...More
EJ Insight2014-09-12
If you believe all the brickbats thrown at her, you would think Guo Meimei (郭美美) is none other than the devil herself -- and she wears not only Prada but owns many other luxury brands as well. The pre ...More
EJ Insight2014-08-12
Over 1,000 residents of the South Horizons housing complex in Hong Kong's Ape Lei Chau took to the streets on May 1 to protest a plan to turn a local shopping arcade, which now mainly sells everyday l ...More
EJ Insight2014-05-02
Hong Kong's benchmark Hang Seng Index (HSI) extended its rises for a fifth day as the central government gave China's rail sector a supportive nudge. The HSI added 41 points, or 0.18 percent, to 22,56 ...More
EJ Insight2014-04-03
