Retail News CRM

Tag: retail sales

  • Real Singapore retail sales stagnant

    Real Singapore retail sales stagnant

    Don’t be fooled by mainstream media headlines reporting a rebound in Singapore retail sales.

    The 6.1 per cent increase headline year on year increase is almost entirely driven by a near 50 per cent surge in motor vehicle sales.

    Core retail sales rose a modest 0.9 per cent in May compared with May 2014, and 1.8 per cent over a lacklustre April.

    Singapore retail sales

    Sales of food and beverage services decreased marginally by 0.3 per cent month on month and by a whole three per cent year on year.

    After seasonal adjustment, retail sales of petrol service stations, cars, medical goods and toiletries, food and beverages, mini-marts and convenience stores, wearing apparel and footwear, watches and jewellery, recreational goods and supermarkets all increased by between one per cent and 8.9 per cent month on month.

    Sales of telecommunications devices and computers decreased 10.9 per cent; optical goods and books, furniture and household equipment declined 0.3 to 0.4 per cent.

    Department store sales remained steady.

    Year on year, medical goods and toiletries sales rose the most at 10.3 per cent.

    Department store sales, supermarkets, mini-marts and convenience stores and watches and jewellery posted increases of between 1.3 per cent and 4.9 per cent.

    Singapore retail sales Index

    Recreational goods sales declined 16.2 per cent and 11.9 per cent year on year, optical goods and books, telecommunications apparatus and computers, food and beverages, furniture and household equipment and wearing apparel and footwear all declined between 1.1 per cent and 8.3 per cent.

    After seasonal adjustment, turnover of fast food outlets and other eating places (such as cafes) decreased 3.6 per cent and 0.1 per cent in May over April. Restaurant turnover was stable.

    Compared to May 2014, turnover at restaurants, other eating places and fast food outlets decreased between 0.8 per cent and 5.9 per cent.

    Lees ook:

    Lees ook:

  • Optical 88 reports strong Hong Kong sales

    Optical 88 reports strong Hong Kong sales

    Eyewear chain Optical 88 is narrowing its Mainland China losses as its sales improve.

    A subsidiary of Hong Kong-listed Stelux Holdings, Optical 88 has 227 stores in Hong Kong, Macau, Mainland China, Singapore, Malaysia and Thailand.

    Group sales rose just one per cent in the year to March 31, and its store network shrank by seven.

    Trading was mixed across the markets, with China and Malaysia standouts.

    China sales rose 4.7 per cent and the loss narrowed by 10 per cent to HK$27.5 million.

    “In line with our Greater China strategy, resources have been strengthened to accelerate shop opening in Southern and Southwestern China as we have relocated out from expensive cities, like Shanghai,” parent Stelux said in a stock exchange filing.

    “In addition, as we increasingly cater for the ageing demography and children, sales in progressive and functional lenses have improved whilst myopia control lenses have also been introduced.”

    In its home market of Hong Kong and Macau, the soft economy in Macau together with the accelerated slowdown in Hong Kong in the second half after a strong first six months, saw sales rise 3.9 per cent for the full year to $835.6 million.

    Profit rose 19.5 per cent to HK$95.4 million and gross margin improved to 64.2 per cent.

    “Though less affected by the decline in Mainland tourist spending, a cautious approach has nonetheless been adopted to review our store portfolio in key tourist locations.”

    Optical 88 recorded a loss for its Southeast Asian stores, but there were mixed results by market.

    Overall, Optical 88 lost $6.7 million in the three markets but on an exchange neutral basis, the loss was reduced to $1.4 million. Operating costs declined 2.2 per cent, with shop rentals falling 3.8 per cent.

    “In the second half of the year, a Hong Kong team was parachuted in to strengthen operational management and to improve operational efficiencies in all three regions. Initiatives were introduced to increase store productivity, improve gross margin and tighten procurement control. We will continue to see progressive improvements as a result of the above measures in the next year,” Stelux said.

    Singapore stores reported improved sales per shop as the brand focused on strengthening its customer base. Malaysian reported earnings of around $1.8 million, but excluding an

    exchange loss the profit would equate to $4.8 million.

    “In the medium term, we will be opening new stores to increase market coverage and to grow business scale.”

    The profit from Thai stores fell from $13.8 million to $8.6 million.

    “Given the poor economy and the unstable political situation, a cautious approach will be adopted towards shop leasing,” said Stalex.

    Optical 88’s total profit for the year rose 12.8 per cent to HK$61.2 million due to Hong Kong and Mainland China operations.

    Lees ook:

    Lees ook:

  • Indonesia retail sales continue to soar

    Indonesia retail sales continue to soar

    Indonesia retail sales soared 19.8 per cent May on May, according to bank of Indonesia data.

    While that is slower than the revised rate of 23.1 per cent in April (the bank had earlier estimated 22.4 per cent), it remains a figure developed economies can but dream about.

    Sales rose a healthy 19.7 per cent in March.

    The figure is based on data collected from 650 retailers in 10 major cities who are also quizzed on sentiment in the months ahead.

    Despite the healthy rates of April and May retailers expressed sales growth will slow in June and soften further in August after the end of the Ramadan fasting month, largely over July.

    They also expect inclement weather to disrupt distribution of stock during the next six months.

    But consider this: Last month, the retailers surveyed said they expected sales growth to slow in May, weakened by the vehicle fuel, spare parts and accessories categories. They said they expect inflationary pressure in July to soften due to retail discount programs linked to Ramadan.

  • Hong Kong retail gross sales stabilise

    Hong Kong retail gross sales stabilise

    Authorities figures for Hong Kong retail gross sales in Might recommend the worst of the tumult seems to be over.

    The whole worth of retail gross sales in Might 2015, provisionally estimated at HK$39 billion, edged down by zero.1 per cent in contrast with the identical month in 2014. The revised estimate of the worth of complete retail gross sales in April 2015 decreased by 2.1 per cent in contrast with a yr earlier.

    For the primary 5 months of 2015, the worth of complete retail gross sales decreased by 1.eight per cent in contrast with the identical interval in 2014. As earlier reported, complete gross sales for the primary three months fell 2.three per cent.

    Higher but: After netting out the impact of worth modifications over the identical interval, the quantity of complete retail gross sales in Might 2015 elevated by four.6 per cent over a yr earlier. And for the primary 5 months of 2015, complete retail gross sales elevated by 1.three per cent.

    As anticipated, gross sales of jewelry, watches and clocks fell – by 14.9 per cent. Attire gross sales have been down simply 1.9 per cent.

    Division retailer gross sales rose 7.6 per cent and electrical items and photographic gear by 14.6 per cent.

    A authorities spokesman stated the figures confirmed relative enchancment in Might.

    “However, the drag from the slowdown in vacationer spending remained notable, because the gross sales of jewelry, watches and clocks, and helpful presents continued to register a double-digit yr on yr decline.

    “The near-term outlook for retail gross sales will nonetheless rely a lot on the efficiency of inbound tourism. But, the secure job and revenue circumstances ought to render some help to native shopper sentiment.”

    Lees ook:

  • Japan retail gross sales proceed to strengthen

    Japan retail gross sales proceed to strengthen

    Japan retail gross sales rose a wholesome three per cent in Might – marking the second consecutive month-to-month achieve after a yr of stagnancy or decline.

    Knowledge from the Ministry of Financial system, Commerce and Business, exhibits shoppers are enjoyable their purse strings with gross sales at giant retailers rising 5.three per cent yr on yr ona  similar shops foundation.

    Retail gross sales have been depressed following the implementation of a gross sales tax improve on April 1 final yr.

    Meals, clothes and residential electronics have been the main performers in Might.

    In March, retail gross sales fell 9 per cent, though that was largely as a result of an irregular March 2014 when shoppers introduced ahead spending previous to a gross sales tax improve on April 1.

    The Financial institution of Japan says the retail figures present shoppers are extra assured, easing the strain on the financial institution to extend a stimulus program.

    Lees ook:

  • Korean division retailer gross sales rise

    Korean division retailer gross sales rise

    Korean division retailer gross sales are on the rise.

    Figures launched by the Ministry of Commerce, Business and Power at this time (June 29) present a second consecutive month-to-month improve in Might, boosted by meals and attire.

    However the figures ought to be taken with warning: the impression of the MERS outbreak in Korea gained’t be mirrored within the figures till June, when shoppers began staying house to scale back the danger of an infection.

    Gross sales Development of Korea’s Main Retail Channels for Might reviews a three.1 per cent improve in division retailer gross sales by the main gamers and a extra modest zero.5 per cent improve from low cost department shops.

    In April, gross sales rose 1.three per cent and zero.02 per cent respectively.

    Analysts attribute Might’s will increase to gross sales of luxurious branded items, womens informal attire, childrenswear and golfing gear.

    Meals drove low cost retailer gross sales, fuelled by discounting promotions, however childrenswear and tv gross sales subsided.

    Comfort shops continued to thrive, posting a 31.5 per cent progress, largely because of cigarette worth will increase and greater than regular gross sales of prompt and recent meals.

  • HK retail sales up 0.2pc in first 11 months last year; 2015 to be challenging for retailers

    HK retail sales up 0.2pc in first 11 months last year; 2015 to be challenging for retailers

    “The overall sentiment in the retail market has improved after the political protests, and retail sales have seen a mild increase in the last quarter. However, retailers need to be cautious of the gradual decrease in luxury consumption from mainland Chinese shoppers. This, coupled with expensive rents in first tier streets, may result in overall prime street shop rents falling up to 5 percent with premises in the second tier locations likely to experience a more significant decline,” said Joe Lin, Executive Director, Retail Services, CBRE Hong Kong.

    The “Occupy Central” protests have had no material impact on tourist arrival growth and overall retail leasing demand in the fourth quarter of 2014, according to the report. Retailers were initially cautious when the protests began to develop but confident was soon restored in the second half of the quarter as the protests in the core retail areas of the city prompted many shoppers to visit non-core retail districts where traffic and pedestrian flow was less affected.

    “Mainland Chinese tourists’ increasing preference for mid-range products instead of luxury goods also helped to route some shopper flow to non-core retail areas, a trend which mitigated the impact of the protests on overall retail sales during the quarter,” noted the report.

    Overall Hong Kong retail sales recorded mild growth of 2.8 percent year-on-year (y-o-y) in October and November combined – mainly driven by consumer durable goods – bringing growth for the first 11 months of 2014 to 0.2 percent. The sales of consumer durable goods grew 19.5 percent y-o-y in October and November combined, boosted by the strong sales of new smartphones released during the period.

    Watch and jewellery retailers continued to lead demand for the first tier street shops in core locations although sales dropped 6.7 percent y-o-y in October and November combined.

    “Weaker retail sales growth, greater economic and political uncertainty and the increased availability of space in fringe areas all combined to exert pressure on retail rents. Overall rents for prime streets shops remained largely stable during the fourth quarter with a slight drop of 0.2 percent q-o-q, with the exception of Central witnessing a modest fall of rents by 0.8 percent q-o-q due to softer demand from luxury brands,” says the report.

    The increasing trend for Chinese tourists to shop for luxury goods in other markets will continue to prevent high-margin luxury brands from expanding aggressively in Hong Kong. CBRE predicts that the leasing market will be driven by mid-tier brands which appeal to both locals and tourists.