Retail
Situation of SMEs improves but remains unfavourable
Situation of SMEs improves but remains unfavourable
The diffusion index (DI) on business receipts amongst SMEs rose to 45.4 in August.
Value of total retail sales jumps 4.1% YoY to $28.3b in July
Online retail accounted for 7.9% of the total sales.
Retail leasing momentum rises in July: JLL
This is as retailers grow more confident in the business environment.
SleekFlow allows online sellers to offer checkout on social media chat boxes
Through its One Click Checkout feature, consumers do not need to visit a third-party website to complete their purchase.
CK Hutchison profit climbs 4% in H1 2022
Its profit stood at $19.08b.
Total restaurant receipts down 5.5% in Q2 22
A government spokesman said business improved visibly.
Hong Kong retail sales likely to reach $370b in 2022
This reflected a 5% year-on-year growth.
Sleekflow bags $62.79m in Series A funding round
The new round followed a seven-figure pre-series A funding round last year.
3 in 5 in-store shoppers browse candy shops for holiday gift ideas
Online shoppers, however, tend to look to video games and electronics for inspiration.
Business receipts of major service industries drop double digits in Q1
Food services had the biggest decline at 23.1% YoY.
More consumers say unmanned stores safer to visit
Reduced human interaction was a key safety benefit.
Retail sales drop 13.8% YoY in March
The local epidemic situation dampened consumption confidence.
SME business confidence plummets in Q2 2022 amidst fifth wave
If the fifth wave continues, 46% of SMEs expect their businesses to last for 6 months at most.
Prepare to go cashless or pay the price
One in three consumers will abandon a purchase if they cannot pay for it digitally.
Retail sales drop 14.6% YoY in February 2022
The tightened measures against COVID-19 weakened consumption sentiment.
Retail sales value up by 4.1% in January
The growth, however, was lower than the December 2021 record of 6.1%.
Here's why 2022 is going to be a ‘slightly’ worse year for retail in HK
Retail sales growth is expected to be lower in 2022 at 7%.
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