THE WHAT? Hong Kong’s retail sector recorded its sixth straight month of year-on-year growth in October, rising 6.9% to HK$35.2 billion (US$4.5 billion), the strongest monthly increase in half a year.
THE DETAILS According to the Census and Statistics Department, October delivered the strongest monthly retail performance in half a year, supported by firmer local consumer sentiment and sustained growth in visitor arrivals. While year-to-date retail sales remain broadly flat compared with 2023, the pick-up in October suggests improving conditions for discretionary spending.
THE WHY? The data signals stabilising demand in beauty-relevant channels and strengthening tourism flows, offering positive indicators for brands planning Q4–Q1 merchandising, promotions and cross-border travel retail strategies.
Source: Inside Retail
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