Retail

Online shoppers, however, tend to look to video games and electronics for inspiration.

Food services had the biggest decline at 23.1% YoY. 

Reduced human interaction was a key safety benefit.

The local epidemic situation dampened consumption confidence.

If the fifth wave continues, 46% of SMEs expect their businesses to last for 6 months at most.

One in three consumers will abandon a purchase if they cannot pay for it digitally.

The tightened measures against COVID-19 weakened consumption sentiment.

The growth, however, was lower than the December 2021 record of 6.1%.

Retail sales growth is expected to be lower in 2022 at 7%.

In 2021, the growth in retail sales was 8.1%.

The retail sales value, however, was 27.3% below the 2018 level.

Chow Tai Fook Jewelry Group from China/HK SAR was amongst the top 10 companies. 

Surprisingly, retailers will need to cater more to the 62.1% of Hong Kongers who prefer to shop in-store.

The Head of Economic and Commercial Mission for the Consulate General of Israel says several of its companies are keen on entering the Hong Kong...

A government spokesman attributed the increase to entrenched economic recovery.

Carousell said 85% of its HK users have made secondhand purchases in the past.