Hong Kong’s retail sales shrank for the third year in a row in 2016 and by the most in nearly two decades, hurt by the city’s economic downturn and fewer tourists from mainland China.…
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Singapore retail rents down, strata-tiled malls hit most
Singapore retail rents fell 1.3% in the final quarter of 2016, with rents in the shopping capital’s Marina quarter, an strata-tiled malls, feeling it the most.…
Richemont issues another profit alert
Swiss luxury group Richemont has issued another profit alert, because the luxury watch industry has stagnated once more in the first half of its new fiscal year. Its turnover has already taken a hug…
Japan retail sales slipped again in April
Japanese retail sales fell in April on the back of falling fuel prices and lower sales of household electronics.…