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Retail Asia11/05/2016

A MasterCard spending survey released ahead of the official government data this afternoon shows March Hong Kong retail sales declined at the worst rate in the history of the survey. “Overall retail sales in Hong Kong contracted by 18.5 per cent year-on-year, reflecting the deepest decline since 2014,” according to the latest MasterCard SpendingPulse Hong […]

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Retail Asia09/05/2016

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While more tourists have been crossing the border for the ongoing Golden Week, there has not been much gold in it for Hong Kong retailers. Visitor numbers jumped more than 14.1 per cent on Saturday, the start of the holiday, according to the Hong Kong Immigration Department (IMMD). This has mainly been attributed to visitors from […]

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Retail Asia20/04/2016

Retail sales in Singapore dropped 3.2 per cent in February from the same month a year ago, defying economists’ predictions for an expansion in consumer spending and providing more evidence of a slowing economy. The retail sales contraction followed the revised 7.6 per cent growth in January, said the Department of Statistics yesterday, and was […]

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Retail Asia04/04/2016

Hong Kong’s retail sales in February plunged the most since 1999 as fewer Chinese tourists visited the territory during the Lunar New Year holiday. Retail sales dropped 21 percent in February to HK$37 billion (US$4.8 billion) year-on-year, according to a statement from the Hong Kong’s Department of Statistics. Combining January and February, sales fell 14 […]

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Retail Asia28/03/2016

Real Singapore retail sales recovered slightly in January, rising 1.4 per cent year-on-year. The headline figure widely reported by business media of a 7.5 per cent increase included motor vehicles. Real retail sales fell 0.5 per cent from December to January, and by 1.2 per cent with vehicles included. The total retail sales value in […]

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Retail Asia22/03/2016

Official retail sales data from the mainland shows a continuation of slowing growth this year. According to the National Bureau of Statistics (NBS) China retail sales of consumer goods rose 10.2 per cent in January and February combined. That follows growth of 11.7 per cent in December and 10.7 per cent for the entire 2015 […]

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Retail Asia22/03/2016

Philippine retail sales soared 6.3 per cent in the last quarter of 2015 – more than three times faster than the same period a year earlier. According to data from the Philippine Statistics Authority, the retail trade growth was more than three times the rate of the same period of 2014, when sales rose 1.9 […]

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Retail Asia19/03/2016

Singapore’s retail sales increased 7.5 percent in January on a year-on-year basis, mainly due to a spike in sales of motor vehicles, said the Department of Statistics Singapore (SingStat) on Tuesday. On a month-on-month basis, retail sales dropped 1.2 percent in January. Excluding motor vehicles, retail sales decreased 0.5 percent. The total retail sales value […]

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Retail Asia16/03/2016

Indonesia’s retail sales in January grew 12.5 per cent from a year earlier, bolstered by information and telecommunication equipment especially electronics, a Bank Indonesia survey showed on Friday. December annual retail sales growth was revised up to 11.4 per cent from the previously reported 10.4 per cent. The survey of 700 retailers in 10 major […]

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Retail Asia07/03/2016

Moody’s Investors Services says that Lifestyle International Holdings Limited’s 2015 results have no impact on its Baa3 issuer rating. The rating outlook remains stable. “Despite the weak retail markets in Hong Kong and China, Lifestyle maintained stable revenue and operating profits in 2015. Combined with its flat debt leverage compared to a year ago, this […]

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Retail Asia04/03/2016

China’s retail sector shines China is facing an economic downturn, but Chinese consumers are hopeful about its economy. According to Boston Consulting Group, China’s total retail sales are forecasted to grow by 50% to $6.5 trillion by 2020 with online transactions growing by nearly 25%. Retail sales were up by 11.2% in January 2016 due […]

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Retail Asia03/03/2016

Sales of watches and jewellery, which comprise a major segment of Macau’s retail business, fell 10.4 per cent last year, fuelling the territory’s first annual retail sales decline since 2000. Department-store goods and leather products were also hit, according to the latest Macau retail sales data from the Statistics and Census Service. Overall, retail sales […]

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Retail Asia19/02/2016

Fortune seems to have favoured Macau over Hong Kong during last week’s Spring Festival. But both territories suffered from the ongoing change in Mainland Chinese travel habits. Data from the Macau Government Tourism Office showed 548,536 tourists arrived in Macau between February 7 and 10 – which equates to a 5.2 per cent increase over […]

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Retail Asia18/02/2016

China’s retail sales over the Spring Festival holiday rose 11.2 percent from the same vacation period a year earlier, with cinemas posting sharp increases in box-office sales, the country’s Ministry of Commerce said in a statement Saturday. Retail sales and restaurant receipts in the world’s second-largest economy totaled about 754 billion yuan ($115 billion) in […]

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Retail Asia15/02/2016

Hong Kong retail sales plummeted 8.5 per cent year on year in December, ending a dismal year for retailers. It followed a revised 7.8 per cent fall in November. For the full 2015 year, Hong Kong retail sales fell 3.7 per cent in value and 0.3 per cent in volume according to data released by […]

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Retail Asia08/02/2016

Japan retail sales fell more than expected in December, with data suggesting that sluggish household spending will keep fourth-quarter economic growth subdued. While analysts expect the Bank of Japan to hold off on any more monetary easing at its latest rate review, the weak data is expected to keep policy-makers under pressure to do more […]

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Retail Asia04/02/2016

Korea retail sales took a surprise turn for the worst in December after three consecutive months of solid growth. Reported sales by department stores run by Hyundai Department Store, Lotte Shopping and Shinsegae Co show a 5.7 per cent fall year-on-year, according to figures released by the the Ministry of Trade, Industry and Energy on […]

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Retail Asia23/01/2016

South Korea will start another round of nationwide discount events later this month in a bid to boost domestic consumption around the Lunar New Year’s holiday, the finance ministry said Tuesday. The so-called Korea Grand Sale will begin on Jan. 25 and run through Feb. 7 across the nation before the holiday, with the participation […]

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Retail Asia20/01/2016

Indonesia retail sales rose 10.2 per cent year on year in November, according to data from Bank Indonesia. The rise followed a lesser 8.7 per cent growth in October, a figure revised downwards by 0.1 per cent this week. But the bank predicts weaker growth in December – as little as 6.7 per cent – […]

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Retail Asia08/01/2016

Viet Nam’s retail sales of goods and services rose 9.5 per cent this year, the largest increase since 2011, as low inflation and strong economic growth bolstered consumer confidence, data from the General Statistics Office (GSO) revealed. Sales were estimated at VND3,242 trillion (US$148 billion), GSO said. Vu Manh Ha, domestic trade economist of the […]

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