, Hong Kong
Photo by Amy Shamblen on Unsplash

Retail sales value rises 1.9% YoY in February

The total value stood at HK$33.8b.

The total retail sales value hit HK$33.8b in February 2024, an increase of 1.9% from the same month in 2023.

Of the total sales value, 6.9% or HK$2.3b was from online sales. Compared to a year ago, the online retail sales value fell 9.9%.

Amongst retail outlets, "medicines and cosmetics" recorded the biggest improvement, with sales increasing 21.7% YoY.

Other retail outlet types which recorded value increases include “jewellery, watches and clocks, and valuable gifts” (+8.8%), “consumer goods not elsewhere classified” (+10.7%), “commodities in supermarkets” (1.0%), “wearing apparel” (+7.8%), “food, alcoholic drinks and tobacco” (+0.1%), “footwear, allied products and other clothing accessories” (+4.8%), “books, newspapers, stationery and gifts” (+20.1%), and “furniture and fixtures” (+2.9%).

On the flip side, the value of sales of electrical goods and other consumer durable goods not elsewhere classified dipped by 25.1% YoY, followed by sales of “commodities in department stores” (-3.0%), “motor vehicles and parts” (-9.9%), “fuels” (-14.5%), “Chinese drugs and herbs” (-21.9%), and “optical shops” (-9.4%).

The Census & Statistics Department (C&SD), citing the government, said the recovery of handling capacity and staging of more mega-events, and further revival of inbound tourism will benefit the retail sector.

“Rising household income and the Government's initiatives in boosting consumption sentiment should also provide support, though changes in consumption patterns of residents and visitors will continue to pose challenges,” the spokesperson added.

Follow the link for more news on

Swarovski menguasai TikTok untuk perluas skala luxury di kalangan Gen Z

Produsen Kristal asal Austria ini bekerja sama dengan influencer untuk menjangkau pasar Singapura.

Foodpanda mengotomatisasi ‘dark stores’ di Singapura untuk mempercepat pengiriman

Gudang 24/7-nya memastikan pemenuhan pesanan sepanjang waktu.

Peritel Singapura masuk pasar Thailand dan Malaysia melalui Shopee dan Lazada

Menjual di platform-platform ini jauh lebih murah dibandingkan membuka toko fisik.

Dear Me Beauty berencana membuka flagship store

Store ini dapat menjadi fondasi bagi pertumbuhan pasar yang lebih luas.

Rakuten menggunakan robot otonom untuk meningkatkan pengiriman tahap akhir

Mereka dapat melakukan pengiriman pada malam hari dan saat cuaca buruk berkat sensor LiDAR.

Erajaya Digital membuka toko elektronik terbesarnya

Cabang ini merupakan toko konsep ke-80 dari sekitar seribu cabang yang tersebar di seluruh Indonesia.

Pasar perawatan hewan peliharaan melejit di Singapura

Mereka menghabiskan uang untuk pelajaran renang, yoga hewan, pilates, dan lainnya.

Jaringan makanan cepat saji asal Cina membidik listing di Hong Kong

Mereka menggunakan kota ini sebagai tempat uji coba untuk ekspansi lebih lanjut ke luar negeri.