Budding Mother’s Day competition as Hong Kong florists prune prices

Competition among Hong Kong florists heated up on the day before Mother’s Day as stores slashed bouquet prices and offered more innovative products, with some vendors reporting weaker business and lower profit margins compared with last year. Despite the wet weather on Saturday, vendors at the Mong Kok Flower Market touted colourful bouquets of carnations, roses and other fresh flowers. The price of a medium-sized bouquet at the market ranged from HK$300 to HK$400 (US$38.32 to US$51.10), at...