Luo Bing salty materials retail sales growth of 6% this year

PricewaterhouseCoopers expected retail sales in Hong Kong to grow by 3% year-on-year last year. Given the wealth effect brought by the new highs in the stock market and property market, coupled with the increase in visitor arrivals, retail sales in Hong Kong will grow by 4% to 6% this year , While the growth trend is expected to last 5 years.

PricewaterhouseCoopers Consumer Markets Asia Pacific and Hong Kong / China Managing Partner Cheng Hwan-ran said that as the global economy recovers, the local stock market and the property market are also continuing to have a strong fortune. In the meantime, visitor arrivals to Hong Kong have increased, Various factors such as the unemployment rate and the weaker dollar have all supported the medium-term prospects for the retail industry in Hong Kong and may even surpass the 2013 peak in five years.

However, he admitted frankly that the market in Hong Kong is small and we must rely on travelers to sustain growth.

Zheng Huanran pointed out that high-end luxury goods currently account for a high proportion of the overall retail sales in Hong Kong. I believe that retail sales in Hong Kong will continue to be driven by such products in the future. Luxury luxury goods are also exploring new models to attract customers such as joint ventures with different brands More gimmicks.

Advocate the challenge of expensive rent to expand electricity supplier

In his view, the biggest challenge for the retail industry is still rents. As the local retail market recovers and property owners have also made aggressive progress in negotiating for renewal, we suggest that local retailers should speed up the development of their e-commerce businesses to reduce their expenses but believe that the brands will no longer be the same as many years ago Grab the shop at a premium. He observed that many retailers are now choosing to shrink the store, and focus on a few large stores, providing experiential consumption.

For the earlier move by the Chinese government to reduce tariffs on nearly 187 imported goods, PricewaterhouseCoopers believes that the relevant measures will help boost consumption in the Mainland but only have a slight impact on the local market. In addition, Wang Shun-yi, a partner of PricewaterhouseCoopers, said taxpayers such as Alibaba and Tencent (00700) in the Mainland are actively exploring new retail outlets such as Alibaba’s Freshman, expecting more similar new retail sales in the future Mode appears.