Retail News CRM

Tag: Fashion Walk

  • Hang Lung Properties Posts Single-Digit Sales Growth in July

    Hang Lung Properties Posts Single-Digit Sales Growth in July

    Hang Lung Properties recorded single-digit sales growth across its Hong Kong shopping centres in July. A pipeline of tenant openings is scheduled for the fourth quarter.

    Chief executive Weber Lo Wai-pak expects the market recovery to gather pace over the next 18 months as newly leased shop units complete fit-out works.

    Carving Up Flagship Floorplates in Causeway Bay

    Leasing demand in Causeway Bay is shifting to smaller formats rather than single-tenant megastores. At Fashion Walk, the landlord broke up the four-level, 4,274-square-metre space at Hang Lung Centre. Swedish fast-fashion retailer H&M previously occupied the site, exiting in late February when its lease expired.

    Local pharmacy operator Lung Fung Group took over the ground floor. Mainland Chinese womenswear label W. Management leased the first and second floors. Upper levels are being converted into food and beverage concepts.

    Hong Kong shopping malls need to focus on getting the fundamentals right and offering the public new products and activities.

    Adriel Chan, chair of Hang Lung Properties, said fresh brand commitments show sustained confidence in local commercial real estate. Chief executive Weber Lo Wai-pak confirmed foot traffic responds when operators refresh tenant rosters and run targeted events.

    Kowloon Bay Footbridge Drives Neighborhood Traffic

    Decentralised retail assets are generating faster occupancy gains than prime tourist high streets. At Amoy Plaza in Kowloon Bay, retail occupancy reached close to 100 per cent. The gains followed the launch of the developer-funded Amoy Footbridge, which connects the mall to residential blocks at Amoy Gardens.

    Pedestrian counts at Amoy Plaza climbed by a single-digit percentage after the bridge opened. The upgrade drew more than 20 new food and beverage tenants to the second floor alone. That gave the landlord room to lift rents on upcoming renewals.

    Landlords Pivot to Defensive Everyday Retail

    The tenant shift inside Hang Lung Centre reflects a structural change across Hong Kong retail property. Landlords can no longer rely on Western fast-fashion chains to anchor multi-storey flagships at peak rents. Instead, they subdivide big boxes between domestic healthcare retailers, regional food concepts, and mainland fashion brands catering directly to residents.

    Subdividing protects baseline rental yields, but it compresses operating margins. Landlords must fund conversion works and manage higher tenant turnover. The primary risk sits in consumer spending leakage to Shenzhen, where cheaper dining and leisure draw local shoppers across the border on weekends.

    Cautious leasing has marked the territory since border restrictions lifted in 2023. Luxury demand remained uneven through early 2026. Everyday retail hubs and neighbourhood malls maintained stable footfall.

    Retailers and property investors are tracking fourth-quarter trading numbers across Causeway Bay and Kowloon Bay. The figures will show whether renovated spaces deliver projected rental revisions into 2027.

  • The Artist Belgian brewery plans to expand in Asia

    The Artist Belgian brewery plans to expand in Asia

    Belgian craft  brewery The Artist has opened its first outlet in Asia – in Hong Kong – to test its concept before entering other markets around the region.

    The 3500sqft Artist House in Causeway Bay’s Fashion Walk shopping centre, promises an immersive experience, selling Belgium-brewed craft beer, craft beer cocktails and other beverages. It also has its own in-house micro-brewery and hydroponic aqua-farm allowing customers to make their own beer. Amateur brewers can even add their own photographs to their beer bottles.

    Co-founder Benjamin Cox says the venue can be used for events and customers can experience a 360-degree virtual-reality tour of the original brewery in Belgium.

    The company decided to launch its brand in Hong Kong due to the fact that the city is a unique platform in Asia.

    “From a testing perspective, Hong Kong allows young brands to confront their new offering with a diverse crowd of very demanding consumers. This allows us to improve, develop and sharpen our offering to prepare the brand for a wider Asia expansion,” said Cox.

    “Hong Kong’s key advantage is its international business environment and mindset which allows easier implementation and early stage execution. We will use the city as our regional base to expand in other Asian places such as Japan, Mainland China, Taiwan and Korea, among others.”

    Associate director-general of investment promotion, with InvestHK, Dr Jimmy Chiang, said the opening of The Artist House offers a new craft beer experience to local and regional customers.

    “Hong Kong people love craft beer and the city has a high number of international and Mainland Chinese visitors. It is the best place for the company to promote its brand in the region.”

  • SMCP Group sales up 16 per cent

    SMCP Group sales up 16 per cent

    SMCP Group sales soared last year, reflecting the strength of the affordable luxury category and successful expansion in Asia.

    The French fashion retailer achieved 16.4 per cent growth in sales to €786 million (US$844 million) last year. SMCP stands for its three fashion brands: Sandro, Maje and Claudie Pierlot.

    Like-for-like sales were up 7.1 per cent, which SMCP says was a reflection of market share gains as it outperformed rivals in the affordable luxury sector. Profit increased by 22 per cent to reach €130 million.

    SMCP’s e-commerce sales grew by nearly 80 per cent to represent about a tenth of group revenues. During the year the group launched two dedicated websites in China, Maje and Sandro on Tmall.com.

    The development of the accessories range is part of the group’s objective to make Claudie Pierlot, Maje and Sandro global lifestyle brands. Maje’s “M” bag was a hit last year, says the company, and sales of accessories rose by 42 per cent over the 12 months.

    Meanwhile, the group has formed a partnership this year with Mondottica to develop eyewear collections for the Maje and Sandro brands, completing the range of accessories after shoes and leather goods.

    A new concept for Sandro Homme stores was deployed in Greater China last year as part of the company’s international targeted expansion. There were 90 openings internationally during the year, including one on Fashion Walk in Hong Kong.

    Altogether, the company opened 105 stores over the year, ending with 1223 points of sale with its brands in 36 countries. SMCP says that consistent with previous years, it will introduce new points of sale at the pace of 100 to 125 a year.

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  • Grana pop-up for Fashion Walk

    Grana pop-up for Fashion Walk

    Online fashion disruptor Grana will open a new pop-up store at Fashion Walk on December 9.

    The new Grana pop-up will be different to its Fitting Room by Grana store in Sheung Wan. The Causeway Bay store will target millennials with what founder Luke Grana describes as a “more personal brand experience” enticing customers to ‘see, feel and try’ before making their purchases in-store for later delivery.

    Described as “The Soft Spot – #granaworld experience”, the three key elements to the store are:

    • The See Wall, a gallery displaying how Grana’s luxury garments are made straight from the original source to the final construction of its Winter Collection & #ShowMeWhere images.
    • A Feel Bar, a sensory experience with different types of soft fabrics and textures;
    • A Try Space where shoppers can find the right fit and fabric offline before buying online.

    The eCommerce retailer has partnered with design and architecture brand Alt-254, to renovate its new 1668 sqft showroom to build the Grana experience and bring the online-to-offline concept to Fashion Walk. Grana will use the showroom space to introduce new fabric origin stories as a creative way to engage fashion conscious consumers on the story behind its new collections over the next four months.

    The new Grana pop-up on Paterson Street, is the brand’s sixth in Hong Kong.

    “With the increasing demand from consumers for quality basics in Hong Kong, the new showroom space is an opportunity for us to create a different retail experience for shoppers to have the Grana experience, learn about our minimalist collection, unique fabric stories and honest pricing model,” said Luke Grana

    “I’m very grateful for the support from Hang Lung Properties to pop-up in such an iconic location”, he said.

    Grana is a direct-to-consumer eCommerce fashion brand designing wardrobe essentials in-house, using the finest fabrics from around the world. Grana offers global shipping directly to 12 countries within two days.

    Headquartered in Hong Kong, Grana was founded by Luke Grana and Pieter Paul Wittgen in October 2014. To date, the startup has raised US$16 million in funding from 500 Startups, Alibaba’s Hong Kong Entrepreneurs Fund, Golden Gate Ventures and MindWorks Ventures.

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  • H&M Hong Kong flagship to be Asia’s largest

    H&M Hong Kong flagship to be Asia’s largest

    The new H&M Hong Kong flagship store set to open on October 30 will be the Swedish fashion brand’s largest yet in Asia.

    Hennes & Mauritz will open at the end of the month in Hong Kong, marking the fast fashion brand’s return to what is one of the city’s premiere downtown shopping district.

    The 47,000 sqm store will open at Fashion Walk in Causeway Bay.

    It will include an H&M Home section, marking the homewares spin-off’s first presence in Hong Kong. A highlight will be a global exclusive collection by Ximon Lee, winner of H&M’s Design Award 2015.

    H&M is steadily expanding its store network in Asia. On October 1 it opened a new store in Singapore’s Tampines shopping centre, a two storey shop with a floorspace of about 19,500 sqft.

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