Latest Retail

Hong Kong Reopening Drives Strong Sales at Chow Sang Sang

Increased demand for gold products also led to rise in revenue.

Spending will reach between $5.23 trillion and $5.28 trillion, federation forecasts.

Jeweler expects number of US engagements to be down by low- to mid-single digits in first quarter.

17% increase in number of orders drove sales.

Deficit driven by lack of demand for diamond jewelry in mainland China.

Gain is due to higher spending on services, while outlay on goods has softened, NRF says.

Category up 15% to 20% in 2023.

Rise is result of border reopening between Hong Kong and China.

Chinese New Year took place in February this year as opposed to January a year ago.

Sales up 4% in fiscal first half thanks to new locations.

Paris Peace Forum meeting also touches on responsible sourcing, workers’ rights, and respect for local communities.