Hongkong Jewelry And Apparel Retail Industry Estimates Christmas Sales Are Booming

2011/12/19 14:01:00 10

Hongkong's retail industry is mainly local.

consumption

On the other hand, SOGO Department store, which is welcomed by mainland customers, also believes that local consumption is not weaker than that of local customers. It is estimated that there will be double-digit growth in Christmas sales this year.

Pan Fuquan, chief financial officer of 1212-HK, who owns SOGO, said that retail sales in Hongkong grew more than 20% in 9-10 months, and the momentum was still good. Although the stock market fluctuated, it also lasted for many months and had little impact on consumption.

Hongkong's consumption is greatly affected by the property market, but it is not yet seen.

Property prices

There is a big adjustment. Next year, the consumption of mainland tourists is not surprising. But the overall local consumption is still not bad, and the mainland's macro regulation still encourages consumption, so it is still optimistic next year.

0590-HK has also predicted that Christmas sales in Hongkong will grow by 20%.

As for clothing retailers, it is generally believed that they will be more affected by the economic downturn. A spokesman for Giordano (0709-HK) said that the growth of Christmas market in Hongkong was expected to be only 5-10%.

Robert S. Henry Road (PWC) partners in Hongkong retail and consumer goods

industry

Director Zheng Huanran believes that the retail market is still optimistic this year, but the biggest challenge for next year will be the "burst pot" of the mainland economy. The rise and fall of property prices will affect the local consumption desire.