Home / Knowledge / News / Retail activity to remain dull
Retail activity to remain dull
30
Sep '08
It has been noted that the retail industry in Hong Kong showed weak trend in the first half of this year. Experts have pointed out that the situation will grow worse in the second half, due to new policy and tough international trade situation.

Recently, Chinese Government announced that Hong Kong visa cannot be used to visit Macau, which is one of top tourist attraction. Statistics show that over 14 percent of the Chinese visitors to Hong Kong include Macau in their trip.

Thus, analysts believe, that now with the new law, number of tourists to both Hong Kong and Macau will decline.

This is definitely not a good sign for retail industry of Hong Kong, whose key consumers are tourists.

It seems that companies have stopped setting up new outlets and shops, here. Even jewellery industry which has shown healthy results so far, will barely mark similar sales as that in 2007.

Chief retail sectors like textile, garment, jewellery and cosmetics will be among the worst hit.

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search