Latest news with #HongKongRetailManagementAssociation
RTHK
2 days ago
- Business
- RTHK
50pc more deals at this year's HK Shopping Festival
50pc more deals at this year's HK Shopping Festival Annie Yau Tse says it is hard to say how much of a boost the campaign would provide to the retail sector. File photo: RTHK The chairwoman of the Hong Kong Retail Management Association on Friday said with more shops joining this year's Hong Kong Shopping Festival, local deals could be more attractive than those outside the SAR. The two-month festival that is held for the third straight year will kick off on July 1. With more than 180 brands offering freebies and discounts, Annie Yau Tse told an RTHK radio programme that the event aims to encourage people to loosen their purse strings to counter a recent sales slump. "The total amount of discounts this time is 50 percent more than last year. This year it is worth more than HK$19 billion in total," she said. "We've got more discounts, and the number of participating shops and brands have gone up by 10 to 20 percent. I believe if the campaign isn't effective, shops won't be so keen to join." Yau Tse noted that it is inevitable that Hongkongers will leave the region to spend the summer holiday elsewhere during the period, but hopes that the discounts on offer will be a better deal compared with shopping overseas. But she added it is hard to say how much of a boost the event could provide to the ailing retail sector. As part of the celebrations to mark the 28th anniversary of the SAR's anniversary, the catering sector will also roll out discounts of up to 29 percent. Some discounts will only be available on July 1, while discounts at several restaurants will last for a week. Winston Yeung, chairman of the Hong Kong Federation of Restaurants and Related Trades told the same show that various kinds of eateries have agreed to take part, such as fast-food shops, Chinese restaurants and cafes. When asked whether the up to 29 percent discounts is enough to encourage people to spend locally, Yeung said it is not an easy comparison, as some food on the mainland costs only one-third of the offerings in Hong Kong. Yeung added his hope is that the discounts can get residents to spend more than usual.
RTHK
2 days ago
- Business
- RTHK
50pc more deals at this year's HK Shopping Festival
50pc more deals at this year's HK Shopping Festival Annie Yau Tse says it is hard to say how much of a boost the campaign would provide to the retail sector. File photo: RTHK The chairwoman of the Hong Kong Retail Management Association on Friday said with more shops joining this year's Hong Kong Shopping Festival, local deals could be more attractive than those outside the SAR. The two-month festival that is held for the third straight year will kick off on July 1. With more than 180 brands offering freebies and discounts, Annie Yau Tse told an RTHK radio programme that the event aims to encourage people to loosen their purse strings to counter a recent sales slump. "The total amount of discounts this time is 50 percent more than last year. This year it is worth more than HK$19 billion in total," she said. "We've got more discounts, and the number of participating shops and brands have gone up by 10 to 20 percent. I believe if the campaign isn't effective, shops won't be so keen to join." Yau Tse noted that it is inevitable that Hongkongers will leave the region to spend the summer holiday elsewhere during the period, but hopes that the discounts on offer will be a better deal compared with shopping overseas. But she added it is hard to say how much of a boost the event could provide to the ailing retail sector. As part of the celebrations to mark the 28th anniversary of the SAR's anniversary, the catering sector will also roll out discounts of up to 29 percent. Some discounts will only be available on July 1, while discounts at several restaurants will last for a week. Winston Yeung, chairman of the Hong Kong Federation of Restaurants and Related Trades told the same show that various kinds of eateries have agreed to take part, such as fast-food shops, Chinese restaurants and cafes. When asked whether the up to 29 percent discounts is enough to encourage people to spend locally, Yeung said it is not an easy comparison, as some food on the mainland costs only one-third of the offerings in Hong Kong. Yeung added his hope is that the discounts can get residents to spend more than usual.
RTHK
3 days ago
- Business
- RTHK
Shopping fest starts in bid to help ease retail woes
Shopping fest starts in bid to help ease retail woes Hong Kong Retail Management Association chairwoman Annie Yau Tse and Under Secretary for Commerce and Economic Development Bernard Chan launch the shopping festival. Photo: RTHK The third Hong Kong Shopping Festival started on Thursday as part of efforts to help Hong Kong's ailing retail sector. The festival, organised by the Hong Kong Retail Management Association, is expected to last for two months and end in August. Association chairwoman Annie Yau Tse said the hope is to take advantage of the summer despite a majority of Hongkongers travelling since tourists will also be coming to the SAR. She said the cost of rents and labour are still high when compared to sales and that while offline shopping is becoming increasingly popular, there is still demand for physical stores. More than 180 brands have participated and will be offering over HK$1.9 billion worth of vouchers on 13 platforms such as Alipay and Payme. The association also said it aims to help push the development of a silver economy in alignment with the government's call, encouraging elderly consumption through discounts such as at Chinese medicine clinics or buying health products. Its vice chairman Andrew Wong said there has been an increase in participation throughout the past few shopping festivals. "I think this is the beauty about Hong Kong retail, so you can see there's more and more channels working with us, more industries working with us," he said. "All together, we're just gonna make it [the Hong Kong retail sector] more attractive for our local customers and tourists."
