Hong Kong Tsim Sha Tsui 4, a large number of drug stores have closed down and closed.
The epidemic crippled the retail industry. Hong Kong Census and Statistics Department yesterday released the latest retail sales figures, the total value of temporary retail sales of $28.7 billion in November last year, down 4% year-on-year, the 22nd consecutive month recorded a decline. Among them, alcoholic beverages and tobacco fell the most, a year-on-year decline of nearly 70%. Some alcoholic beverage trade pointed out that the decline in sales is mainly affected by the ban on night markets and other measures in restaurants and bars. The retail industry survey shows that nearly 60% of the surveyed merchants will end their stores in the first quarter of this year after the expiration of their leases.
Statistics Department data show that the first 11 months of last year, the total value of retail sales in the provisional estimate fell 25.3%. If you count the value of sales in November alone, the largest decline is alcoholic beverages and tobacco, down 66.4% compared to the same period last year; followed by drugs and cosmetics, down 34.8%. But there are also goods sales rose against the market, including the largest increase in fresh fruits and vegetables, up 28.4%; followed by cars and auto parts, up 22.2%.
Consumer durables as a whole rose by 21.3%, including automobiles and auto parts, furniture and fixtures, electrical appliances and other unclassified consumer durables, all recorded increases.
A government spokesman said the year-on-year decline in retail sales narrowed further in November, mainly due to a marked increase in sales by consumer durables retailers. Looking ahead, the business environment for the retail sector remains challenging in the near term, as inbound tourism remains frozen and the fourth wave of the local epidemic has affected the local consumer sentiment since late November.
According to the report, a wine trade industry pointed out that the black outbreak from the previous year, coupled with the outbreak of the epidemic last year, the nightlife market is extremely poor, significantly affecting the wine business, “doing wholesale, all are waiting to die; the problem of the retail industry is that although the market is a little better, but there is no way to push a large number, because at home to drink, drink to drink are a branch up two stop.
Hong Kong Retail Management Association Chairman Xie Qiu An Yi said, according to the latest survey results of the Association, 58% of the members surveyed, is expected to end the first quarter of this year after the expiration of the lease store. Members are generally more pessimistic, that the figures will remain similar in the future, and even the Lunar New Year will also be reduced because of the epidemic under the New Year’s visit and business fell by at least 20%.
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