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Retailsales fell 0.5 The quarterly volume fall was driven by households spending patterns gradually returning to those seen before Covid-19,” James explained. “The The quarterly volume fall was driven by households spending patterns gradually returning to those seen before Covid-19,” James explained.
Hong Kong retailsales continue to experience a recession, reporting a double-digit drop in two consecutive months in May and a 6.1 A government spokesman said the decline in sales was mainly due to the changes in the consumption patterns of visitors and residents, as well as the strength of the Hong Kong dollar.
With 2024s peak shopping season in the rearview mirror, consumer spending behaviours and responses to major retailsales events are coming into focus. Examining where and when people shopped reveals valuable insights for retailers as they hone their strategies ahead. per cent to $51 billion.
She also said that there had been a change in consumer habits, whereby younger customers are tending to purchase products during promotional and sales periods. Brand founder and director of fashion brand Self The Label, Danielle Dona Sghaby said that she had noticed a change in the spending patterns of customers aged between 25-34.
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