New Market Research Report: Footwear in Hong Kong, China
In 2012, footwear recorded current value growth of 8%, reaching sales of HK$23 billion. This represented a slowdown compared to the 20% rise recorded in 2011. The slowdown in growth rate occurred because the Government did not exercise a further policy to boost consumer expenditure in Hong Kong in 2012 after Scheme HK$6,000, in which Hong Kong citizens were given HK$6,000 to spend, ended in 2011. Local consumers spent less on footwear, but mainland consumers remained willing to spend on...
View full press release