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Tag: DSEC

  • Department stores boosts retail in Macau

    Department stores boosts retail in Macau

     

    Department stores have led the way in retail in Macau, with 89 per cent reporting better sales (up 11 points) for March.

    They were followed by cosmetics and sanitary articles (67 per cent), down 33 points. About 15 per cent of retailers saw their sales decline, up eight points from February.

    Retailers interviewed were cautious about their business performance last month, most expecting a drop.

    Most eating establishments in Macau had a buoyant March, with a small slice reporting a decline in income, according to the latest DSEC Catering and Retail Business Survey.

    Of the restaurants and similar establishments surveyed by the Statistics and Census Service, 59 per cent reported an increase in receipts in March while 19 per cent had a year-on-year decline.

    The data was taken from the value of receipts based on a sample of 167 restaurants (53 per cent of the industry’s receipts) and 135 retailers (70  per cent of receipts).

    Of the restaurants surveyed, a record 82 per cent of Chinese outlets led the charge, while the share of Japanese and Korean restaurants with higher receipts surged 53 points to 73 per cent.

    There was a 16-point drop in restaurants with depressed sales to 19 per cent, while 13 per cent of Japanese and Korean restaurants fell by 33 points.

    Restaurants interviewed said they expected business to weaken last month, with 17 per cent anticipating a 6 per cent drop in year-on-year growth in receipts.

    Among surveyed retail outlets, 80 per cent of leather goods retailers expected their turnover to grow, up 20 points from March. On the other hand, 21 per cent of retailers surveyed expect their turnover to decline.

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  • Macau dining, retail recovering

    Macau dining, retail recovering

    Macau dining revenue is rising with more than half the city’s restaurants surveyed by the Statistics and Census Service (DSEC) reporting improved sales in January.

    And retail was also buoyant, with 53 per cent of retailers reporting increased January sales, up by 11 points from December.

    The data shows growth by 61 per cent of restaurants and similar establishments, up a substantial 27 points from December.

    However, 28 per cent of restaurants covered reported a drop revenue, down by 16 points from December.
    In retail, all leather goods retailers reported higher year-on-year sales.

    Restaurant managers say they expected slower business after the Lunar New Year, with 56 per cent anticipating increased or stable revenues for February. However, 44 per cent predict lower receipts.

    Retailers are also expecting less February business, the DSEC saying that only 17 per cent anticipate higher sales, an eight-point decline.

    For its Business Climate Survey, the DSEC covered 167 restaurants and similar establishments, as well as 135 retailers.

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  • Macau retail revival outshines Hong Kong

    Macau retail revival outshines Hong Kong

    Macau is enjoying a retail revival, according to the latest government data.

    Macau Association of Retailers and Tourism Services executive committee president Frederick Yip, who organised December’s Macau Shopping Festival festival, says the city’s retail industry will be back on a path of growth again soon. The festival generated total sales of MOP230 million (US$28.8 million).

    Of the total, a sale event featuring branded products between December 23 and 25 saw sales exceed MOP2 million, while another special sales event at Landmark Macau raked in MOP2 million, reports the Macao Daily. About 1800 SMEs took part in the festival.

    Yip says the city’s economy has started to recover since gaming revenue began rebounding in August, with more casino-resort projects nearing completion. Macau’s casino gross gaming revenue for last year was equivalent to US$27.9 billion.

    Free Wi-Fi internet access was provided at the festival for the first time, and Yip says a total of 145,000 hours were used by 475,000 people.

    Also helping boost the economy have been the Macau Grand Prix motorsport weekend and a Food Festival in November.

    Statistics and Census Service (DSEC) survey figures show that 30 per cent of respondents in the catering sector reported a year-on-year increase in turnover for the month, up 4 per cent from October. Most popular were Chinese restaurants, followed by Western restaurants, then Japanese and Korean.

    On the other hand, half of the respondents had a similar decrease in turnover to October.

    In the retail sector, 39 per cent of respondents reported a year-on-year increase for November, up 4 per cent points from October. All leather goods retailers saw their turnover grow, while increases were reported by 62 per cent of adult clothing retailers and 50 per cent of department stores.

    On the downward side of the ledger were supermarkets and watch and jewellery retailers. They were among 53 per cent of surveyed retailers that say their turnover decline – by up to 28 per cent for supermarkets.

    Expecting decline

    But while Yip is upbeat, retailers seem more pessimistic looking ahead, with 40 per cent of respondents expecting their turnover to decline in December. Only 19 per cent of merchants were confident of an increase.

    The survey covered 167 F&B businesses and 135 retailers.

    Meanwhile, below the radar a black economy has been uncovered by the Judiciary Police, reports GGR Asia.

    The police say the value of detected retail transactions in Macau using allegedly unregistered China UnionPay handheld terminals amounted to about MOP4.995 billion (US$625.5 million) last year.

    A total of 25 investigations were opened into cases involving alleged unregistered UnionPay handheld terminals. Of those, 20 were passed as cases to the Public Prosecutions Office for further action, the balance reaching an impasse because of lack of evidence.

    The police identified 53 suspects as part of the investigations: 14 from Macau, 38 from Mainland China and one from Hong Kong.

    Early this month, the Judiciary Police and Monetary Authority of Macau jointly conducted raids against the suspected use of illegally modified UnionPay terminals. The police detained 23 people connected to eight shops, suspected of committing computer fraud and being involved in organised crime.

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  • Macau retail sales weaken

    Macau retail sales weaken

    Sales of watches and jewellery, which comprise a major segment of Macau’s retail business, fell 10.4 per cent last year, fuelling the territory’s first annual retail sales decline since 2000.

    Department-store goods and leather products were also hit, according to the latest Macau retail sales data from the Statistics and Census Service.

    Overall, retail sales volume was down 7.9 per cent for the year, with their value reaching nearly MOP60.9 billion (US$7611 million), says the survey. However, the drop was in double digits for watches, clocks, jewellery, department-store goods, leather products and footwear. The watches, clocks and jewellery segment accounted for 22.2 per cent of all retail sales value – a drop of 25 per cent year-on-year to MOP13.53 billion.

    Department store goods, the second-largest retail segment, had sales fall 13.7 per cent year-on-year to MOP8.93 billion.

    Meanwhile, cosmetics and sanitary articles as well as communication equipment had double-digit increases in sales for the year, reaching MOP2.36 billion and MOP1.68 billion respectively.

    Nearly half of the retailers covered in the survey anticipate a further drop in sales for the first quarter of this year compared with the same period last year, while nearly 40 per cent expect the sales volume to be stable.

    Retail sales for the fourth quarter of last year fell 10.5 per cent to MOP15.59 billion, with sales volume dropping 7.7 per cent. There were significant decreases in footwear (down 24.5 per cent), watches, clocks and jewellery (down 16 per cent), leather goods (down 11.3 per cent) and department store sales (down10 per cent).