Retail Sales In Hongkong Have Narrowed Down In The Quarter Than In The Luxury Sector.

The global economic slowdown in 2015 led to a negative impact on the global market, but it seemed quite serious for Hongkong's once used shopping paradise.

Recently, the retail industry in Hongkong released its January 2016 earnings report, although the retail market's bleak market still has not improved, but the ring ratio has narrowed.

It is reported that

The total sales volume of retail sales decreased by 6.5% in January, but it has narrowed slightly compared with 8.5% in December 2015.

By detailed classification,

The category was still in a leading position in January, with sales of jewelry, clocks and watches and precious gifts dropped by 16.3%.

The class dropped by 4.9%.

Not long ago, the Hongkong government tried to build and renovate tourism projects in an attempt to stimulate interest in visiting Hong Kong people. But for Hongkong as a whole, it may be overkill to say that "lack of energy" may be excessive.

Although the figures are narrowed compared to last December, a government spokesman said the data could be affected by the different time of the lunar new year. Therefore, combined with the analysis of sales data in February, it will be more meaningful for Hongkong's overall retail industry.

Not long ago, we have reported that the performance of Hongkong's SOGO Department store has continued to decline, but Joseph Lau, one of the group assets partners, said that she still holds hope for Hongkong road. However, as far as the government spokesman's speech and data are concerned, the weak situation of Hongkong's retail industry is unlikely to revive in a short time. In addition, the decrease in the number of visitors to Hongkong has led to little hope for Hongkong to rely on tourism consumption business to achieve growth.