Retail
August retail sales plunge in worst performance on record since 1998
Sales crashed 23% in August, worse than that recorded during the Asian Financial Crisis.
August retail sales plunge in worst performance on record since 1998
Sales crashed 23% in August, worse than that recorded during the Asian Financial Crisis.
Retail sales fall 11.4% to $34.4b in July
Sales of jewellery, watches and clocks, and valuable gifts crashed 24.4% YoY.
Landlords offer rental cuts amidst worsening economy: report
Retail rents in prime areas could fall by as much as 10% in 2019.
Year-end retail sales may fall by up to 8.1% as protests ravage Hong Kong
The sales decline may be even worse than the 2014 Occupy Movement.
Retail sales fall 6.7% to $35.2b in June
Sales will likely be subdued due to the weak economic outlook and ongoing demonstrations.
Luxury retailers halt expansion plans as sales weaken
As a result, non-luxury retailers are moving on in core areas outside Central.
Skyrocketing rents hit Hong Kong retailers hard
Retailers are burdened by leasing costs as high as $20,864 annually.
Large-scale retailers take advantage of Hong Kong's prime office shopping boom
Recent woes in the retail sector made landlords increasingly open to different concepts.
Hong Kong retail sales to dip 5% in 2019: PwC
Consumer experience is key to combat sales slump as tourist arrivals slow.
Retail sales down 1.3% to $40b in May
This was blamed on the late arrival of the Labour Day holidays on Mainland.
Retail sales slipped 4.5% in April
Sales of jewellery, watches and luxury goods sector fell 11.4%.
Retail sales volumes dipped 0.8% in March
Upgrades in transportation links may not be strong enough to offset visitors' weakening purchasing sentiments.
China-specific Pitfalls and Mitigation Strategies in Procurement Transformation
By Wen CHEN, Principal at Oliver Wyman
Retail sales dropped 10.1% in February
Consumer durable goods led the outlet-wide declines at 18.4%.
Retail sales dipped 1.6% in January-February
Customers chose to spend their dollars abroad than locally.
Retail sales up 7.1% to $48.1m in January
Sales at department stores and F&B outlets rose 15.1% and 13% respectively.
Retail sales reverse slowdown with 7.1% gain in January
The earlier arrival of the Lunar New year boosted sales growth.
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