From Singapore to Hanoi, from Hong Kong to Kuala Lumpur, consumer spending patterns, tourist numbers, and market dynamics in major Asian cities have all undergone changes.

Compared to the same period in 2023, the provisional total retail sales value for the first five months of this year decreased by 6.1% year-on-year.

Shein may also seek a dual listing in Hong Kong and London.

Several existing luxury brand tenants at Landmark will also invest an additional approximately $600 million in the project to design and create new experiences.

Regina Miracle’s revenue decreased by 10.9% year-on-year to HK$7.02 billion in the last fiscal year.

In terms of individual markets, the Chinese Mainland is the second-largest market, achieving a strong growth of 19.3% at constant exchange rates, accounting for 12.9% of the group’s sales and becoming a key growth engine for the group.

Gold jewelry and products are increasingly popular among young consumers due to their value retention and defensive characteristics.

The total transaction amount for the spring auction reached HKD 2.3 billion / USD 297 million, with an average project and amount transaction ratio of 90%. Forty-two percent of the lots exceeded their highest estimates, and 106% of the transaction prices surpassed the minimum estimates.

In the fourth quarter of fiscal year 2024, Chow Tai Fook’s overall retail value increased by 12.4% year-on-year, with growth rates of 29.4%, 5.8%, and 46.1% in the preceding three quarters, respectively.

French luxury giant Hermès is expanding its store in on […]