January surge for Hong Kong retail sales

| March 7, 2019

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“Retail sales tend to show greater volatility in the first two months of a year due to the timing of the Lunar New Year,” said a C&SD spokesman. “Local consumer spending normally attains a seasonal high before the festival. As the Lunar New Year fell on February 5 this year but on February 16 last year, the year-on-year comparison of the figures for January … might have been affected by this factor.” After netting out the effect of price changes year on year, the volume of retail sales increased by 6.9 per cent.However, for the three months to January, Hong Kong retail sales declined by 2 per cent compared with the preceding quarter, and by 2.1 per cent compared with the same period a year earlier.Revised estimates for December showed a growth of 0.1 per cent in both value and volume. Sales of watches and jewellery rose by 4.7 per cent, while medicine and cosmetic sales rose 12.9 per cent and apparel by 2.4 per cent. Sales of goods in department stores surged 15.1 per cent, of food, liquor and tobacco by 13 per cent and of supermarket goods by 8.6 per cent.

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ICA Gruppen

ICA Gruppen´s core business is retail. The Group includes ICA Sweden and Rimi Baltic which mainly conduct grocery retail, ICA Real Estate which owns and manages properties, ICA Bank which offers financial services and insurances, Apotek Hjärtat which conducts pharmacy operations. The Group also includes Hemtex, a company in home textile.

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Spotlight

ICA Gruppen

ICA Gruppen´s core business is retail. The Group includes ICA Sweden and Rimi Baltic which mainly conduct grocery retail, ICA Real Estate which owns and manages properties, ICA Bank which offers financial services and insurances, Apotek Hjärtat which conducts pharmacy operations. The Group also includes Hemtex, a company in home textile.

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