The demand for gifts is reduced, and the jewelry market is mainly for personal use.
In the past six months, Hong Kong's "Occupy Central" and a series of anti-water cargo passengers against mainland tourists have severely hit Hong Kong's retail industry. The high-end retail industry has even more impact. The business volume of the single Easter holiday has fallen by 30% to 40%.
The chairman of the Emperor Group, Yang Shoucheng, said yesterday that the watch and jewellery stores under the Group have reduced their number of visitors from the Mainland and have been discriminated against at any time in Hong Kong. "There are also people who are screaming and swearing!" It is self-use and reduces gifts. It is the reason for the decline in high-end business. The sales of its watch and jewellery stores during the holidays fell by 40% compared with the same period of last year. “In the past, two cards, three cards of diamonds and five cards of diamonds were sold several times a day. They sold one or two at a time, very much. awful!"
He also revealed that the company's Chow Tai Fook and Luk Fook Group also fell 30% in the same period. As he expects the entire retail industry to be “disposedâ€, the watch and jewellery business will fall by 30% this year. Among the shops with poor business volume, the lease will be considered for renewal without considering the market, and, in order to cater to the needs of the market, Consider selling some of the cheaper goods, rather than the watches sold in the store, the price is more than 30,000 yuan, but the group has no layoffs at this stage.
Earlier, Emperor Watch and Jewellery also pointed out that the lease of the ground floor of 59-61 Percival Street in Causeway Bay, which was leased for about 12 years, expired in September this year. Due to rent problems, there will be greater opportunities for changes.
As far as Yang Shoucheng is concerned, Chairman of the Six Lucky Church, Mr. Huang Weichang and Chairman of the Prince Jewellery Watch, Deng Yuming, both accepting the local media interviews, agree that the business decline during the holiday period. Huang Wei often said that the number of people in the store was 30% lower than the same period, but did not disclose the sales situation, and is not optimistic about the upcoming May 1 Golden Week. Deng Yuming said that the annual sales fell by about 20%. He hopes that the market will be better in the summer holiday season.
However, SHKP pointed out that its nine major shopping malls, including Sheung Shui Plaza, Donggang City and the World Trade Center, grew by about 15% during the Easter period, reaching 6.9 million person-times. The overall turnover increased by 21% to about 402 million yuan. . In addition, Wharf also said that its population and business during the holiday period of the Diamond Hill Hollywood Plaza increased by 12% and 10% respectively.
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