retail sales Archives - Inside Retail Asia
Hong Kong restaurants appear to have shrugged off the worst of the impact from the city’s social unrest in the final quarter of last year,
Hong Kong-headquartered Luk Fook group has followed its archrival Chow Tai Fook in revealing plans to shutter stores in the territory’s tourist areas.
Hong Kong-based retailers will continue to face tough times as domestic and international issues impact the economy according to a leading analyst.
Indonesian retail sales growth in November slowed to 1.3 per cent year-on-year, well below October’s rate of 3.6 per cent.
Singapore retail sales in November remained sluggish, rising just 0.6 per cent year on year after motor vehicles were removed from the data.
Retail sales in Vietnam have reached VND4.94 quadrillion (US$214.8 billion) as of last year, a rise of 11.8 per cent over the previous year.
Hong Kong retail sales plunged 23.6 per cent in November – a rate almost identical to October’s fall of 24.4 per cent which followed an 18.2-per-cent decline in September.
Singapore retail sales – excluding motor vehicles – slipped by 0.6 per cent year-on-year in October.
Malaysian retail sales are expected to fall for the third consecutive quarter, according to data fromRetail Group Malaysia.
Hong Kong retail sales in October plummeted by the highest rate since records began. The Census and Statistics Department estimated the value of retail sales for the month at HK$30.1 billion, down by 24.3 per cent compared with the same month last year. That followed a revised fall of 18.2 per cent in September. And there is worse to come.
Japan retail sales fell by 7.1 per cent in October – the greatest single monthly fall in almost five years.
Taiwan retail sales set a record in October, according to data from the Ministry of Economic Affairs.