Category: Consumer Goods & Retailing
Hong Kong Consumer Goods & Retailing
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Hong Kong, China Homewares
... impact of the pandemic led to cautious consumer spending behaviour, discouraging some from making unnecessary new or replacement purchases. Additionally, the trend of dining out and ordering takeaway due to busier lifestyles reduced the need ... Read More
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Dog Food in Hong Kong, China
... desire among consumers to enjoy the same activities or events with their dogs due to the strong humanisation trend. On the other hand, falling volume sales in the category align with the decline in the ... Read More
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Cat Food in Hong Kong, China
... growth. Consumers actively choose snacks that have both taste and functionality for the health of their cats. The rising demand for freeze-dried cat food exemplifies the growing preference for nutritionally rich and delectable choices, reflecting ... Read More
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Pet Products in Hong Kong, China
... Technological innovations, such as smart cat litter systems, offer benefits including automated waste removal and extended litter change intervals. These systems incorporate odour control, sensors, and remote monitoring and communication. PETKIT, a leading brand in ... Read More
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Pet Care in Hong Kong, China
... population is experiencing a positive growth trajectory compared to the steady decline of the dog population. This shift towards cat ownership is driven by these animals’ independent nature and lower maintenance, making them suitable for ... Read More
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Other Pet Food in Hong Kong, China
... dissuaded by the hidden costs associated with keeping fish, such as increased expenses for water and electricity. Additionally, the prevailing humanisation trend in pet care, where social companionship is a key factor, discourages prospective pet ... Read More
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Writing Instruments in Hong Kong, China
... retailer of writing instruments and non-grocery goods, capitalised on the increased foot traffic by expanding its presence. With 15 outlets across Hong Kong, Stationery Lo benefited from the renewed interest in writing instruments among consumers. ... Read More
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Jewellery in Hong Kong, China
... a freeze of 2-3 years since the outbreak of the pandemic in 2020, the rebound in these activities reinvigorated category sales. Notably, mainland Chinese tourists once again become a key contributor to the demand for ... Read More
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Personal Accessories in Hong Kong, China
... a noteworthy resurgence, driven by the resilient spending power of the affluent consumer segment. This resilience was exhibited despite the economic downturn caused by reduced real estate prices and geopolitical tensions between the US and ... Read More
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Bags and Luggage in Hong Kong, China
... a hiatus of 2-3 years since the pandemic outbreak in 2020, many consumers started to replace their backpacks and luggage for a fresh and exciting travel experience. This upswing in outdoor and travel activities had ... Read More
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Traditional and Connected Watches in Hong Kong, China
... Within watches, the higher price tiers experienced a significant rebound in 2023. The spending power of affluent individuals and high net worth individuals proved resilient to economic uncertainties, unlike the less affluent consumer group. As ... Read More
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Supermarkets in Hong Kong, China
... major supermarkets, Wellcome, ParknShop, and U select, increased by 2% year-on-year in 2022, and continued to rise in 2023; an increase higher than inflation, according to the Consumer Council. In particular, increases in the prices ... Read More
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Air Care in Hong Kong, China
... air care products to create a pleasant home environment, and by 2023 this habit had become entrenched amongst many consumers. Growth in demand was seen for the leading format, liquid air fresheners, as well as ... Read More
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Home Care in Hong Kong, China
... and deodorisation features, which added value to new product launches. Growth was primarily supported by innovations such as product formula upgrades and packaging design improvements amidst eco-friendly concerns. There were also several rounds of price ... Read More
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Convenience Retailers in Hong Kong, China
... dominant within convenience retailers in 2023, and 7-Eleven remained dominant within this channel. It continued to perform well in 2023 due to keeping up with changing lifestyle trends amongst Hong Kong consumers in the post-pandemic ... Read More
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Direct Selling in Hong Kong, China
... holding up relatively well, with only minor declines. Social media messaging applications, as well as social media platforms such as WeChat, WhatsApp, Facebook, and Instagram allowed direct sellers to stay connected with their target customers ... Read More
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Retail E-Commerce in Hong Kong, China
... Kong Government implemented the full resumption of travel, with Hong Kong re-establishing connections with mainland China and the rest of the world. 2023 therefore saw a significant surge in outbound travel. The leading e-commerce player ... Read More
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Toilet Care in Hong Kong, China
... rigorous cleaning routines and a hygienic bathroom area, including the toilet, to reduce the transmission of bacteria and viruses. As a result, toilet care continued to see growth and elevated demand compared with pre-pandemic in ... Read More
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Appliances and Electronics Specialists in Hong Kong, China
... 2021 and 2022. However, in 2023 appliances and electronics specialists recorded a moderate decline in current value sales. Due to economic uncertainty consumer sentiment was low, and this was a major factor driving consumers to ... Read More
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Surface Care in Hong Kong, China
... to maintain a hygienic home, but as the pandemic ended, consumer concern eased, volume sales started to slow. Nevertheless, volume sales remained far higher than the pre-pandemic (2019) level. In 2023, multipurpose cleaners and home ... Read More
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Health and Beauty Specialists in Hong Kong, China
... leading player in beauty specialists in Hong Kong. It reported that its sales in Hong Kong and Macau in the first two quarters of the financial year (March to September) reached HKD859 million, up 62% ... Read More
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Home Products Specialists in Hong Kong, China
... and home furnishings stores saw another year of falling sales. In 2023, sales in the latter channel dropped to their lowest level since the global financial crisis in 2008, as prices slumped, according to Hong ... Read More
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Polishes in Hong Kong, China
... decline in Hong Kong in 2023 due to decreasing sales of leather shoes. This was driven in particular by younger consumers, who typically favour sneakers, which do not need polishing, rather than formal leather footwear. ... Read More
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Dishwashing in Hong Kong, China
... ended, a large proportion of Hong Kong’s population were still very sensitive to anything that could lead to the spread of bacteria and viruses. Thus, products that kill bacteria and viruses were popular with local ... Read More
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Retail in Hong Kong, China
... to the 2018 level – pre-pandemic and protests. Nevertheless, benefiting from the rebound of inbound tourism and positive consumer sentiment, retail value sales increased. Measures such as improving labour market conditions, and the issuance of ... Read More
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