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HK
Hong Kong Luxury Sees Rare Drop
Retail sales of jewelry and other luxury items in Hong Kongdeclined for the first time in 17 months as global economic uncertainties impacted consumer sentiment.Revenues from jewelry, watches, clocks and other valuablegifts dropped 3.9% to HKD...
Retail Jan 06, 2019 Rapaport News
Luk Fook Hong Kong store
Hong Kong Jewelers Warn of Slowdown
Hong Kong’s largest jewelry retailers expect sales growth to slow in light of recent US-China trade tensions and the depreciation of the yuan currency.Same-store sales at Luk Fook dropped by a single-digitpercentage in Hong Kong and Macau in October...
Retail Dec 02, 2018 Rapaport News
Chow Tai Fook 600
Hong Kong Growth Boosts Chow Tai Fook
Chow Tai Fook’s sales grew strongly in the first fiscalquarter due to stronger consumer sentiment in Hong Kong and increased tourismto the municipality from mainland China. Retail sales jumped 21% in Hong Kong and...
Retail Jul 19, 2018 Rapaport News
Hong Kong
Jewelry Sales Up in China and Hong Kong
Sales of jewelry and other luxury items climbed in greater Chinain May, driven by improved consumer sentiment and a higher rate of tourism toHong Kong, according to government sources. In China, retail sales of gold, silver and jewelry...
Retail Jul 03, 2018 Rapaport News
TSL
Hong Kong’s TSL Sees Revenue Jump
Sales and profit grew sharply at Tse Sui Luen (TSL) inthe past 12 months amid stronger consumer sentiment in Greater China and a risein tourism to Hong Kong. Revenue jumped 12% to $486 million (HKD 3.81...
Retail Apr 29, 2018 Rapaport News
Hong Kong 150
Tourism Increase Drives Hong Kong Jewelry Sales
Sales of jewelry and other luxury goods in Hong Kong grew inthe first two months of the year amid stronger employment rates and increasedtourism. Sales of jewelry, watches, clocks and valuable gifts rose21% to $2.05...
Retail Apr 04, 2018 Rapaport News
Hong Kong Jewelry Retail 150
Hong Kong Recovery Boosts Jewelry Sales
Sales of jewelry, watches and other luxury items in HongKong rose in the first 11 months of 2017 as tourists returned and localconsumer sentiment recovered, the city’s official data authority said.Retail sales for the category grew...
Retail Jan 04, 2018 Rapaport News
TSL Tse Sui Luen  TST Tsim Sha Tsui Hong Kong
Sales Jump at Hong Kong Jeweler TSL
Hong Kong-based jewelry retailer Tse Sui Luen (TSL) sawrevenue and profit leap in the first fiscal half as the number of touristsvisiting the municipality increased.Sales rose 12% to of $222.1 million (HKD 1.73 billion) forthe...
Retail Oct 29, 2017 Rapaport News
Chow Tai Fook DFS Hawaii
Chow Tai Fook Targets Tourists with Hawaii Launch
Chow Tai Fook will open a store in Hawaii through apartnership with travel retailer DFS Group, a subsidiary of LVMH Moët Hennessy Louis Vuitton.The Hong Kong-based jeweler’s branded store will launch in TGalleria by DFS, a luxury...
Retail Apr 24, 2017 Rapaport News
Tokyo
Chow Tai Fook Taps into Tokyo Tourism
Chow Tai Fook will open its first branded store in Japan inan effort to reap the benefits of increased spending by Chinese tourists there.The Hong Kong-based jeweler will launch an outlet inside oneof 40 stores operated...
Retail Mar 15, 2017 Rapaport News
Hong Kong Mascot
Hong Kong Jewelry Sales Down for January
Sales of jewelry and other luxury products in Hong Kong fellin January despite the Chinese New Year occurring during the month.Spending on jewelry, watches, clocks and valuable giftsdeclined 3.9 percent year on year to $944...
Retail Mar 02, 2017 Rapaport News
Chow Tai Fook Beijing
Chow Tai Fook Sales Signal China Recovery
Chow Tai Fook’s shares jumped more than 5 percent after the jeweler reported relatively strong quarterly sales amid renewed growth in China and higher gold demand. Retail sales in mainland China increased 7 percent...
Retail Jan 10, 2017 Rapaport News
Hong Kong
Tourism Lull Hits Hong Kong Jewelry Sales
Retail sales of jewelry and other luxury items in Hong Kongslumped in November as tourist arrivals continue to dwindle.Revenue from jewelry, watches, clocks and valuable giftsdeclined 14 percent to $731.6 million (HKD 5.67 billion) in November, according toprovisional...
Retail Jan 03, 2017 Rapaport News
luk fook
Luk Fook’s H1 Revenue -8%, Profit -43% Amid Hong Kong Tourist Slowdown
Luk Fook Holdings International Limited reported revenuedeclined 7.7 percent to $898.6 million (HKD 5.4 billion) in the six months toSeptember 30 as a result of the Chinese downturn and a weak Hong Kong tourismindustry.Slowing growth in mainland China,...
Retail Nov 26, 2015 Rapaport News
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