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HONG KONG RETAIL MARKET The retail industry continues to consolidate and the market is often dominated by a few large chain stores or discount giants. This trend has created huge purchasing power from the fast-growing nationwide general merchandise stores. They place large-volume orders but push hard for low prices. Retailers are also reducing the number of suppliers to become more efficient and be able to ask for lower prices. More brand holders outsource their production to low-cost areas including the Chinese mainland. Hong Kong manufacturers can benefit from this ongoing outsourcing trend. Consumers respond well to brand-named products as well as other private label items owned by department stores and chain stores On the distribution side, internet sales of houseware have continued to grow, particularly in the US. KEY STATISTICS
Population: 6,940,432 (July 2006 est.) |
Retailing Industry Australia >> Canada >> China >> France >> Germany >> Hong Kong >> India >> Indonesia >> Italy >> Japan >> Malaysia >> Netherlands >> Pakistan >> Philippines >> Russia >> Saudi Arabia >> South Korea >> Singapore >> Spain >> Switzerland >> Taiwan >> Thailand >> United Kingdom >> United States >> Vietnam >> |
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