Mixed Retailers in Hong Kong, China - New Study Released

From: Fast Market Research, Inc.
Published: Mon Apr 27 2015

Mixed retailers experienced positive growth in retail value sales in 2014, propelled by the stable shopping pattern at department stores. However, the 2014 value growth rate was a six percentage point decrease compared to 2013, mainly effected by the smaller spending propensity of local consumers as well as inbound tourists. It is also partly attributed to the entry of international players opening up stand-alone boutique outlets and the prominence of internet retailing as a secondary channel for shopping.

Competitive Landscape

Lifestyle International Holdings Ltd maintained its lead within mixed retailers with a 23% value share in 2014. Sogo has established strong brand equity and is a familiar name among locals and tourists as the largest department store since its opening in 1985 in Hong Kong. Its stable value sales performance in 2014 was attributed to the stable influx of international tourists, dominated by high numbers of tourist arrivals from mainland China. An increase in incoming tourists for day and overnight visits has created shoppers traffic in stores. Sogo Tsim Sha Tsui, one of the two Sogo outlets in Hong Kong, ceased operations in February 2014 and reopened in December 2014 due to leasing matters. Although Sogo at Causeway Bay is the bigger outlet, the temporary closure of Sogo Tsim Sha Tsui meant one less revenue channel for Lifestyle International Holdings Ltd for 2014. This reduced the company’s value share by two percentage points in 2014 to 23%. The growth and performance of Sogo in Asia was also supported by an investment by Qatar Holding in Lifestyle International Holdings Ltd in late October 2014.

Full Report Details at
- http://www.fastmr.com/prod/981902_mixed_retailers_in_hong_kong_china.aspx?afid=301

Industry Prospects

Mixed retailers value sales are expected to grow at a CAGR of 4% at constant 2014 prices over the forecast period. This will be driven by stable demand from tourist arrivals in Hong Kong which will push shopper traffic into department stores and shopping districts. Consumers will also continue to shop at department stores and giant mixed retailers as these are self-contained and the quality of goods is reliable.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Mixed Retailers industry in Hong Kong, China with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Mixed Retailers industry in Hong Kong, China, our research will save you time and money while empowering you to make informed, profitable decisions.

The Mixed Retailers in Hong Kong, China market research report includes:

* Analysis of key supply-side and demand trends

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Contact Name: Bill Thompson
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