Jingle tills all the way
The festive atmosphere is lifting consumer spending and promising double- digit growth in the retail market, thanks to a robust local economy and a predicted 10 to 15 percent increase in the number of tourists this month.
Monday, December 24, 2007
The festive atmosphere is lifting consumer spending and promising double- digit growth in the retail market, thanks to a robust local economy and a predicted 10 to 15 percent increase in the number of tourists this month.
We believe turnover growth will be in the double digits for the Christmas season, fueled by the strong local economy and mainland tourists, said a spokesman at cosmetics retailer Sa Sa International (0178).
He said sales figures for the latest comparative period, the National Day Golden Week in October, showed Sa Sas sales growing more than 30 percent over the same period last year.
Local consumption also remained strong, undeterred by accelerating inflation that hit a nine-year high of 3.4 percent last month.
Irene So, general manager of retail marketing and promotions for Sino Estates Management the property management arm of Sino Land (0083) said yesterday the total number of customers visiting Olympian City, the largest shopping mall it manages, has been steadily increasing since early this month.
Total turnover is expected to exceed HK$200 million, an increase of 16 percent from the same month last year. We also expect to receive nine million customers, an increase of 11 percent, So said. People are better off and they have started shopping earlier.
Another landlord, Sun Hung Kai Properties (0016), said turnover at its major shopping malls such as New Town Plaza in Sha Tin and Grand Century Place in Mong Kok saw a 15 percent rise in turnover during the past weekend.
Hong Kong Disneyland said that, since the park launched its Christmas offers late last month, its stores have sold over 900,000 items.
Catering sector lawmaker Tommy Cheung Yu-yan said he is also expecting a 20 to 30 percent increase in the catering business in the wake of double-digit increases in the prices of special Christmas meals from last year.
The strong market means that the impact of inflation on business has been reduced, Yu said.
Census and Statistics Department figures indicated that retail sales turnover in October rose to HK$20.7 billion, up 16.6 percent from the same month last year.
Apart from the strong domestic demand, an increasing flow in the number of tourists has also helped retailers.
Joseph Tung Yao-chung, executive director of the Travel Industry Council of Hong Kong, estimates up to 2.7 million tourists arrived this month, a 10 to 15 percent year-on-year growth.
"As the Hong Kong dollar exchange rate with the yuan drops, tourists think that products are cheaper here," Tung said.
With over 90 percent of its total retail business coming from the local market, jeweler Luk Fook Holdings (0590) is also predicting a rosy outlook.
"We expect sales revenues to increase by 20 percent this year," director and financial controller Paul Law Tim- fuk said.
General manager Au Kwok-kau said the group saw a 40 percent growth in turnover over the October Golden Week.
"We are expecting sales to be better in the second half than in the first half," Au said.
Despite the optimistic forecast, KGI Asia head of research Ben Kwong Man- bun said retail counters may only inch up by 5 percent before Christmas, as prices had already increased over the past few weeks.
ps)연말 보너스도 두둑히 받겠죠..그러면..홍양 에게도..조금 줄것이고..
첫댓글 헉~~~
제목을 보면 "띵호아"인데 본문을 보면 "암울"..
ㅋ~ 암튼 좋은거죠?
산정상님 아주 좋은 말이 많이 있네요



자막좀 넣어주세요. 원어 오리지날 사운드트랙이네요 ㅜ.,ㅠ
하 하 하




잘 읽었읍니다 이렇게 좋은말을 ㅠㅠ
욕하는 말은 없죠.ㅋㅋ 아 머리 먼말이에요..ㅠ.ㅠ
파인 땡큐 앤드유?
학생회장님 답글 보고 혼자 많이 웃었습니다



와우 좋은 이야기당 ㅎㅎ 나두 연말 보너스 두둑한데 ㅋㅋ
음......... 나두 먼말인지 알고싶다...ㅋㅋㅋ
마지막글이 젤 와닿네염...^^;;
연말 소비분위기가 경기를 회복시키고 있고 관광객도 늘고 있다
머 이정도 아닌가요



산정상님, 좋은 자료 감사
특히 마지막 한줄이 가장 맘에 들어요


아~~~~~~하 이런 내용이구나. ㅋㅋㅋㅋㅋㅋㅋ
쇼핑할 돈으로 주식이나 좀 더사지 ㅋㅋㅋ
시험볼때도 모르면 무조건 긴게 정답 윗글도 열라 길기때문에 정답
음....좋은 글이ㅇ네욯ㅎㅎㅎㅎㅎ
홍콩은 축제 분위기...그거네요. ㅋ