Hong Kong Retail
Gen Zs taking over consumer preferences in APAC markets
Gen Z consumers are observed to purchase based on pleasure and purpose, whilst also taking into account cost and convenience.
Gen Zs taking over consumer preferences in APAC markets
Gen Z consumers are observed to purchase based on pleasure and purpose, whilst also taking into account cost and convenience.
Pet economy to boom, reaching $2.7t by 2027
SHOPLINE merchants specialising in pet products grew 27.9%.
Online retail investors shift to defensive assets amidst uncertainty
Active online investors in the retail space have declined to 840,000 from 900,000.
Provisional retail sales up 7.8% YoY in December 2023
For the whole year, Hong Kong saw a 16.2% increase in retail sales value.
Retail sales value rises 5.6% YoY in October
The total value stood at $33.8b.
Average Hongkonger would take 11 work days to afford latest iPhone
The average salary in the country is $17,728 gross monthly.
Online wholesale marketplace Markato enters Hong Kong
The startup enables a one-stop shop for retailers and buyers.
Retail sales value jumps 18.4% YoY in May
The total value stood at $34.5b.
Retail sales grows 31.3% in February 2023
But provisional online retail sales dropped 4.1% to $2.6b.
How Watsons plans to tap Middle East’s fast-growing consumer market
The beauty company opened 17 stores in the region in just two years.
Retail street rents to decline 10-15% YoY in 2023
Retailers are not optimistic about the sector’s outlook, according to Knight Frank.
Weaker retail sales to put pressure on HK shop rentals: report
Retail sales dropped by 2.9% for the first time in five months.
3 in 5 in-store shoppers browse candy shops for holiday gift ideas
Online shoppers, however, tend to look to video games and electronics for inspiration.
Retail sales drop 14.6% YoY in February 2022
The tightened measures against COVID-19 weakened consumption sentiment.
Is the retail property market on its way to redemption?
In January, retail sales value jumped 4.1%YoY to $33.9b.
Here's why 2022 is going to be a ‘slightly’ worse year for retail in HK
Retail sales growth is expected to be lower in 2022 at 7%.
Should Hong Kong’s brick-and-mortar retailers ride the e-commerce wave?
Surprisingly, retailers will need to cater more to the 62.1% of Hong Kongers who prefer to shop in-store.
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