Data released by Macau Statistics and Census Bureau shows that Macau's retail sales reached MOP22.11 billion in 2009, an increase of 16% over those of 2008.

Hong Kong-listed luxury watch retailer Xinyu Hengdeli has announced plans to open at least 30 new stores in Greater China in 2010.

Swiss-based watch giant Swatch Group has announced plans to open about 15 retail stores in Hong Kong in 2009, showing the group's confidence in China's luxury market regardless of the current economic slowdown.

Xinyu Hengdeli, a mainland China luxury watch retailer, has announced plans to open at least 26 new stores in the second half of 2008.

Baume & Mercier, a famous Swiss watch brand, opened its first China specialty store in Beijing's China Central Place last week.

Richard Mille, a world-class mechanical watch brand, has opened its first Shanghai specialty store in the jewelry corridor of Plaza 66.