Hongkong: Weakening Of Shopping Capital

Hongkong's recent economic performance has been poor. According to the Hongkong Wen Wei Po, the latest PMI index of Hongkong has reached a new low of 6 years. In July, the total number of visitors to Hong Kong decreased by 8.4% year-on-year, and the total retail industry fell for five consecutive months.

Some members of Hongkong described the retail environment as worse than the "SARS" period.

Some people quit, but there are also brands that are developing at the initial stage in China to occupy a good position.

At the same time, Hongkong's legal environment and financial advantage will enable many brands to set up Asian bases.

And shops may have the role of image publicity in the future, such as offline customer activities, when surviving billboards.

It is understood that Harry Winston, a rare high-end jewelry store in China, has shown interest in the shops that Coach has left. Of course, the rent will be much cheaper than Coach.

Once upon a time, one of the four little dragons in Asia was called Hongkong.

Paradise, shopping in Hongkong is the most fashionable trend at that time.

Credit Suisse predicts that retail sales in Hongkong will decline by 5% in 2015, the biggest annual decline since 2000, and the gradual decline of mainland tourists is a big reason.

Because of the vicious incidents of frequent outbursts of mainland tourists in Hongkong and the recent activities of anti tourists, all of them hurt the feelings of mainland tourists. Liang Zhenying, chief executive of Hongkong, pointed out that the relevant data of tourism were disappointing, "it is difficult to catch passengers easily," and did not allow to destroy Hongkong's hospitality behavior or speech, and did not want to see any action against foreign tourists.

Meanwhile,

Become a "good heart" for domestic tourists. Japan and South Korea have become popular locations for outbound travel, coupled with the relaxation of Taiwan's tourism conditions on the mainland, allowing mainland tourists to have more choices. To "discriminate" Hongkong or to be welcomed by Japan and South Korea, tourists have a steelyard in mind.

Others believe that the low value of the yen and the euro is an important reason why many people are shopping to give up Hongkong. But in the eyes of the industry, Hongkong's location advantage is weakening.

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The mainland, Japan and South Korea, Southeast Asia, and the connecting stations between Europe and the United States, are also a good springboard.

However, under the framework of WTO, the role of the pfer station is becoming smaller as the intimacy between the mainland and other countries and countries increases.

Many people no longer need to go through Hongkong to do business.

Zhou Ting, President of the Institute of wealth and quality, said that the pressure is very high at present. For example, Japan and South Korea, apart from luxury goods, are also very competitive in mass consumer goods. "Hongkong itself is a strong financial industry, and local manufacturing is very weak. It is hard to sustain development without support from industry today."