Latest Retail

Hong Kong Reopening Boosts Luk Fook

Same-store sales up 83% in fourth quarter.

Hong Kong-based retailer benefited from reopening of Chinese market.

Inflation and tough labor market resulted in 1% decline in March, according to US Census Bureau.

Luxury conglomerate agrees to buy majority stake in Platinum Invest.

Sales from category up 11% in first quarter.

Hong Kong-based jeweler expects to be $9 million in the red for full fiscal year.

Takeover will give Italian high jeweler "leadership role in goldsmithing."

Growth will be slower amid inflation, rising unemployment and banking turmoil.

Revenue from jewelry, watches and clocks up 129% year on year in February.

Massimo Basei’s responsibilities will include network expansion, franchise relations and global merchandising.

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