Date
14 December 2017
Smartphone sales largely drove Hong Kong's retail sector during October, reflecting its resilience to a street protest that blocked key shopping districts. Photo: Bloomberg
Smartphone sales largely drove Hong Kong's retail sector during October, reflecting its resilience to a street protest that blocked key shopping districts. Photo: Bloomberg

Hong Kong October retail sales up 1.4% despite blockade

Hong Kong retail sales rose 1.4 percent to HK$38.3 billion (US$4.94 billion) in October from a year earlier despite a street protest that kept major shopping districts impassable to traffic.

Smartphones, particularly Apple Inc.’s new iPhone 6, largely drove sales, the Hong Kong Economic Journal reported Tuesday, citing Caroline Mak, chairwoman of the Hong Kong Retail Management Association.

Sales of non-categorized consumer durables, such as smartphones, surged 67 percent to HK$2.13 billion. These were up 84.9 percent by volume.

Watches, jewelry and other luxury items were down 11.6 percent.

Sales of luxury goods, clothing, shoes and consumer staples fell as a result of a two-month street occupation by protesters in Admiralty, Causeway Bay and Mong Kok, the government said.

In October, mainland tourists came as expected but confined their shopping to non-affected areas such as Kowloon Tong and Shatin.

Shopping sentiment generally recovered in November and full-year sales should be roughly in line with last year’s, Mak said.

Figures for the catering sector did not factor in the impact of the street protest.

– Contact us at [email protected]

VW/JP/RA

Freelance journalist

EJI Weekly Newsletter

Please click here to unsubscribe