Hong Kong’s Wheelock Properties has crossed the finish line in its bid to privatise its Singapore-listed subsidiary, less than three months after offering to buy out the underperforming stock. Meanwhile up in China, the battle for a slice of the… Read More>>
The $300 million Star Mall Shenyang Plaza is due to hold its grand opening in northeastern China on the 24th of this month, illustrating continued investor faith in the future of China’s retail sector.
The 325,000 square metre shopping centre… Read More>>
While strolling through Plaza 66 on a Saturday may still look sexy, China’s label-conscious consumers are rapidly discovering one of the staples of suburban America – the outlet mall.
According to a statement from London-based outlet mall developer Value Retail,… Read More>>
While China’s luxury retailers have struggled to meet their goals in recent months, the country’s mid-range brands have continued to expand at a record pace, according to a new research report.
Leasing of retail space by fast-fashion brands such as… Read More>>
Zara is in and Prada is out as Xi Jinping’s crackdown on corruption is starting to cause problems for high-end brands in China. According to a recent market survey 65 percent of luxury retailers failed to reach their targets for… Read More>>
Hong Kong’s retailing landscape is changing. With the competition for space in the city’s traditional retail districts–Central, Causeway Bay, Tsimshatsui and Mongkok–driving rents to eye-watering levels, foreign retailers are increasingly shifting their focus to shopping centres in the New Territories. Fast fashion brands such as Uniqlo, Gap, H&M and Zara have been leading the trend but others are following.
In addition to capturing a share of the growing Mainland-shopper market, retailer interest is also being attracted by growing local populations resulting from the completion of new residential developments.
H&M reports that it is closing its downtown Hong Kong flagship store in the face of a 100% increase in rent since it moved in five years ago.
As the Wall Street Journal documented this week, the Swedish fast-fashion giant’s 3,000… Read More>>