Market Report, "Hong Kong Retail Report Q1 2016", published

From: Fast Market Research, Inc.
Published: Sun Nov 08 2015


Hong Kong, Asia's prime destination for retailers, will be exposed to various risks in the nearest future. The heavily tourism-dependent city will have to face decline s in tourist arrivals from Mainland China and more price-c onscious tourists from the euro zone who will be dealing with shrinking value of their currency. The city's retail sector will be forced to show its resilience in 2015 and adjust to changing consumer expectations.

Hong Kong's retail sector depends greatly on China, the world's second largest economy. The city state is projected to receive 50mn Chinese tourists in 2015 alone. Hong Kong's world class retail scene attracts wealthy Chinese who support the growth of the city's luxury retailers. Tourists from Mainland China have played a key role in Hong Kong's emergence as top destination for luxury retail and the city's stores continue to depend heavily on their spending. Sales of watches and jewellery plunged by 20% y-o-y in April 2015 as Chinese tourists were becoming more conservative in fashion spending. At the same time, the local population exhibited similar spending patterns stemming from the city's stable economy and positive growth outlooks. Despite the fears of flagship luxury retailers, mid-range spending will buoy the sector, which is forecast to expand by 7.9% in household spending this year.

Full Report Details at
- http://www.fastmr.com/prod/1063174_hong_kong_retail_report_q1.aspx?afid=301

The Hong Kong Retail Report has been researched at source and features BMI Research's independent assessment and forecasts for the retail sector. The report examines key drivers of retail sales growth and future prospects, including consumer spending and private sector investment.

BMI's Hong Kong Retail Report also examines the level of development and potential for growth of the retail sector, the commercial initiatives of major players, changing consumer demographics that influence demand and the regulatory environment. Key sub-sectors include mass grocery retail, autos, over-the-counter pharmaceuticals, computers and consumer electronics.

Key Benefits

* Benchmark BMI's independent retail industry forecasts for Hong Kong to test other views - a key input for successful budgeting and strategic business planning in the Hong Kong retail market.
* Target business opportunities and risks in Hong Kong through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.

Coverage

BMI Industry View

Summary of BMI’s key forecasts and industry analysis, plus a discussion of major industry developments and a snapshot of key short-term demand-driving macroeconomic movements.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the retail sector and within the broader political, economic and business environment.

BMI Industry Forecasts

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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