retail sales Archives - Inside Retail Asia
Singapore retail sales eased down by 1 per cent year on year in August, after excluding motor vehicle sales, and rose on July.
Hong Kong-listed jeweller Tse Sui Luen says “social unrest” in Hong Kong and ongoing Sino-US trade tensions have caused a drop of more than 90 per cent in the company’s half-year profit.
Hong Kong retail sales in September and October will be “even worse” than August’s record 23-per-cent decline according to HKRMA forecasts.
Hong Kong retail sales crashed 23 per cent in August as extradition-bill protests saw stores shuttered and visitors staying away.
Malaysian retail sales grew by 7.1 per cent in July – combined with the wholesale trade, that reached a new record of US$26.94 billion turnover for the month.
Hong Kong retail sales in July plunged by 11.4 per cent as ongoing protests and the China-US trade war took their toll.
Chinese retail sales in July rose at a slower rate than in June, although the decline was largely attributed to falling sales of new motor vehicles.
Singapore retail sales – excluding motor vehicles – decreased by 2.7 per cent in June, according to Statistics Singapore.
Vietnam retail sales surged by 11.6 per cent in the first seven months of this year, according to figures from the nation’s government.
Hong Kong retail sales in June fell – but not by as much as many were expecting.
Motor vehicles and the 6.18 shopping festival spurred a healthy increase in Mainland China retail sales in June.
Hong Kong’s retail leasing market is showing signs of slowing in tandem with easing retail sales.