Can Hongkong'S Retail Industry Rise Again?

Recently, the Hongkong census and Statistics Department released the retail sales data of Hongkong retail industry in March. For the retail industry, which has always been promoted by tourism, it has plunged from end to end from the decrease of tourists.

It is reported that in the middle of March,

The total retail sales decreased by 9.8% to 34 billion 700 million yuan over the same period last year, but narrowed compared with 1 in February and 13.6% in retail sales.

In the first quarter of 2016, the total retail sales in Hongkong decreased by 12.5% compared to the same period in the same period last year.

By commodity category,

The total sales value of watches and clocks and precious gifts still fell, with a 20.3% decline, followed by clothing category followed by a 11% decline, footwear and other accessories category decreased by 4.7%.

Retail sales in Hongkong are still weak in March. How long will it take to recover?

It is worth mentioning that, according to the data in March, the sales value of the cosmetics is gradually warming up due to the gradual rise of the cosmetics industry, especially the introduction of the cosmetics brands in Japan and Korea, which makes the younger generation more popular, thus promoting the increase of 1.5% in the category of cosmetics.

However, judging from the fact that Britain is also at a low ebb, Hongkong

Relying on the stimulus of tourism is obviously useless, and how to stimulate growth may be a big step in reducing store rentals, which may be a little effective in avoiding the increase in retailer costs and the decision to withdraw from the Hongkong market.

A government spokesman said sales figures for Hongkong's retail sector were still weak in March, and that the decrease in visitor arrivals would continue to be a drag on retail sales.