The Retail Market
in Hong Kong remains a high-potential segment, with a CAGR of 8.08% expected in
the period between 2012 and 2017. It is predicted that by 2017, the retail market
will continue to increase steadily and reach HKD 557.6 billion.
Value retailers
are set to contribute to the growth in Hong Kong’s retail market. The market is
set to record healthy growth over the next four years, with a CAGR of 7.84%
forecasted between 2012 and 2017, which will see its value going up to HKD 18,466.3
million. A significant driving factor for this growth will be the performance
of value, variety, and general merchandise retailers that comprise the largest
channel in the sector with a share of 77%.
Furniture and
floor coverings was the fastest-growing category within the retail channel
during the period spanning 2007 to 2012, registering a CAGR of 10.29%, and is
expected to retain the growth trend till
2017, with a CAGR of 11.07% while the food and grocery sector will suffer a
marked decline during the same period.
For further
insights, The Future of Retailing in Hong Kong to 2017
About
Research on Hong Kong
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