The Retail Market in Hong Kong remains a high-potential market, with a CAGR of 8.08% expected between 2012 and 2017, according to a leading consumer specialist new report - The Future of Retailing in Hong Kong - which predicts that by 2017, the Retail market will continue to steadily increase and reach HKD557.6 billion.
Value Retailers are set to contribute to the growth in Hong Kong’s retailing market.
Hong Kong’s retail market is set for healthy growth over the next four years, with a CAGR of 7.84% forecast between 2012 and 2017, which will see the market ultimately valued at HKD18,466.3 million. A significant driving factor for this growth will be the performance of value, variety, and general merchandise retailers, which are the largest channel in the sector with a share of 77%.
Furniture and floor coverings was the fastest-growing category group within the retail channel during the review period, registering a CAGR of 10.29%, and is expected to remain so during the forecast period, with a CAGR of 11.07% Whilst, the Food and Grocery sector will suffer a marked decline during the same period.
This report is the result of an extensive market research covering Retailing in Hong Kong. It offers: