Click here to close now.

Welcome!

Search Authors: Elizabeth White, Liz McMillan, Pat Romanski, Carmen Gonzalez, Aditya Banerjee

News Feed Item

HKTDC: Cautious Global Sales Outlook for 2013

Emerging Markets Outperform Traditional Ones over Christmas

Hong Kong, Dec 28, 2012 - (ACN Newswire) - Global year-end sales were roughly the same as last year, with the Chinese mainland and emerging markets such as Brazil, Mexico, Chile, Poland and Russia faring relatively well, while receipts were temperate in traditional markets, according to a study announced at a press conference today by the Hong Kong Trade Development Council (HKTDC).

Even with mostly conducive weather conditions, passable sales results were only recorded for the United States and, to a lesser extent, Germany, while tepid results were seen in the United Kingdom, France and Japan, as well as a downswing in Italy.

Year-end sales performance has gradually become a valuable pointer to retail business in the year ahead, not only in countries that celebrate Christmas but also some markets where Christmas is not a festive season, particularly the mainland.

HKTDC Principal Economist (Global Research) Daniel Poon noted that a cautious mood has prevailed among traditional markets, especially in EU countries most affected by the sovereign debt crisis. "While the austerity measures and higher tax burdens will weigh on household budgets," said Mr Poon, "a more realistic consumer mindset characterised by increasing acceptance of austerity tends to put a floor on retail sales, in turn whetting an appetite for value-for-money products."

Mr Poon suggested that Hong Kong exporters should seek new business opportunities in the emerging world to help realise sales increases. While Central and Eastern Europe will remain a weaker region due to its close integration with the EU, economies endowed with distinct potential are the commodity-exporting nations such as Russia, and Latin American countries such as Brazil, Mexico and Chile. Of more importance is the mainland, where government endeavours to promote consumption and rural development will open up new dimensions for Hong Kong companies accustomed to exporting to overseas markets.

Country and Regional Observations:

United States
-- US retail sales grew by about 3 per cent from last year, when a stellar growth of more than 5 per cent was achieved amid a longer Thanksgiving-to-Christmas period and low temperatures across most parts of the country.
-- Mixed consumer sentiments were noted in view of economic crosscurrents. This included a rebound in housing and the job market, and a decline in household debts on one side. On the other side were ongoing political and fiscal wrangles following the Presidential and Congressional elections.
-- Most shoppers stuck to lower-priced and practical items, organised their shopping to save money, and further used mobile devices and social networks to search for gift ideas and well-priced items.
-- Retailers used discounts and longer shop openings to woo deal-hungry shoppers.
-- E-tailers, including most bricks-and-mortar retailers with websites and mobile apps, performed well during the festive season.
-- Consumer electronics, with smartphones and tablets topping the shopping list of gadgets, did well, while electronic entertainment gear and classic toys such as Barbie and Lego, or even Furby, a hit item in the late 1990s, sold well.
-- Generally cold weather stimulated an appetite for clothing and footwear that offered comfort and functionality.

European Union
-- The sovereign debt crisis, fiscal tightening and fragile euro fundamentals triggered an unparalleled austerity drive, resulting in consumption abstinence overshadowing festive-season good tidings.
-- Most shoppers stuck to their budgets and were inclined to use mobile devices and social networks to find the best prices. They favoured cash and debit cards rather than credit cards to pay for their purchases. As consumers were more concerned with prices, value retailers tended to outsmart department and upscale stores, where sales were in part propped up by an inflow of overseas buyers, especially from the mainland.
-- Germany was the bright spot in the region. Thanks largely to an acceptable labour market and rising wages, holiday sales were estimated to have risen by 1.5 per cent from 2011, roughly in line with last year's showing. Product-wise, electronic gadgets sold well, as did traditional toys and selected new technology playthings.
-- While the year-end performance in France has been less encouraging, and Italy's even worse, sales in the UK are expected to have edged up by 1 per cent from last season. British consumers have increasingly acclimatised to new fiscal realities, tending to enjoy themselves while avoiding thoughts of the economic hardships. Consumer electronics were the standout in these three countries, especially for trendy products such as smartphones and tablets.

Japan
-- As the stimulus from the reconstruction efforts following the disastrous earthquake has started to peter out, year-end sales in Japan were weak.
-- For most holiday shoppers, dwindling bonuses and sustained anxiety about job security have continued to affect the mood surrounding purchases.

Chinese Mainland
-- Amid soaring wages and government initiatives to stimulate consumption, retail sales during the first 11 months of 2012 were 14.2 per cent higher than a year ago. In November alone, retail sales grew by 14.9 per cent.
-- The brisk performance reflected not only the robust spending trend, but also a rising Yuletide spirit across the country.
-- Feedback from the HKTDC's mainland offices generally shows hearty retail and online sales for most consumer products. Home buying aside, a large number of consumers also thronged Hong Kong or went overseas for holiday shopping sprees.

Other Emerging Markets
-- Sustained commodity prices tended to provide a lift to consumer sentiment and festive spending. Brazil's Christmas sales did well. While they softened a tad from last year's strong gains, Brazilian sales still posted a decent increase.
-- Chile, Argentina and Mexico showed good sales signs.
-- As for Central and Eastern Europe, consumer sentiment was overcast by the Eurozone's debt crisis, although Christmas sales results were mixed.
-- Hungary, given its fragile financial conditions, exhibited barely marginal growth in year-end sales. In the Czech Republic, the rise in Christmas sales was tepid due to its heavy reliance on exports to the EU.
-- In Poland, buoyed by a sound fiscal position and less dependence on external trade, year-end sales fared better. Russia, which has benefited from firm oil and commodity prices, turned in even more handsome results for year-end sales.

For the full report, please visit: http://bit.ly/YSLXO6

About HKTDC

A statutory body established in 1966, the Hong Kong Trade Development Council (HKTDC) is the international marketing arm for Hong Kong-based traders, manufacturers and service providers. With more than 40 global offices, including 11 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China and throughout Asia. The HKTDC also organises trade fairs and business missions to connect companies with opportunities in Hong Kong and on the mainland, while providing information via trade publications, research reports and online. For more information, please visit: www.hktdc.com . Follow us on Google+, Twitter @hktdc, LinkedIn.

Google+: http://plus.google.com/+hktdc
Twitter: http://www.twitter.com/hktdc
LinkedIn: http://www.linkedin.com/company/hong-kong-trade-development-council

Source: HKTDC

Contact:
HKTDC
Media and Public Affairs Department
Joshua Cheng
Tel: +852-2584-4395
Email: [email protected]

Beatrice Lam
Tel: +852-2584-4049
Email: [email protected]




Copyright 2012 ACN Newswire. All rights reserved.

More Stories By ACN Newswire

Copyright 2008 ACN Newswire. All rights reserved. Republication or redistribution of ACN Newswire content is expressly prohibited without the prior written consent of ACN Newswire. ACN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too much data and not enough information. In his session at @ThingsExpo, Bob Gates, Global Marketing Director, GE’s Intelligent Platforms business, to discuss how realizing the power of IoT, software developers are now focused on understanding how industrial data can create intelligence for industrial operations. Imagine ...
Operational Hadoop and the Lambda Architecture for Streaming Data Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing and analyzing streaming data is the Lambda Architecture, representing a model of how to analyze rea...
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes for use cases across the industrial, enterprise, and consumer segments.
The explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @ThingsExpo, Michael Sick, a Senior Manager and Big Data Architect within Ernst and Young's Financial Servi...
SYS-CON Events announced today that Open Data Centers (ODC), a carrier-neutral colocation provider, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Open Data Centers is a carrier-neutral data center operator in New Jersey and New York City offering alternative connectivity options for carriers, service providers and enterprise customers.
The explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @ThingsExpo, Michael Sick, a Senior Manager and Big Data Architect within Ernst and Young's Financial Servi...
PubNub on Monday has announced that it is partnering with IBM to bring its sophisticated real-time data streaming and messaging capabilities to Bluemix, IBM’s cloud development platform. “Today’s app and connected devices require an always-on connection, but building a secure, scalable solution from the ground up is time consuming, resource intensive, and error-prone,” said Todd Greene, CEO of PubNub. “PubNub enables web, mobile and IoT developers building apps on IBM Bluemix to quickly add scalable realtime functionality with minimal effort and cost.”
Sensor-enabled things are becoming more commonplace, precursors to a larger and more complex framework that most consider the ultimate promise of the IoT: things connecting, interacting, sharing, storing, and over time perhaps learning and predicting based on habits, behaviors, location, preferences, purchases and more. In his session at @ThingsExpo, Tom Wesselman, Director of Communications Ecosystem Architecture at Plantronics, will examine the still nascent IoT as it is coalescing, including what it is today, what it might ultimately be, the role of wearable tech, and technology gaps stil...
In the consumer IoT, everything is new, and the IT world of bits and bytes holds sway. But industrial and commercial realms encompass operational technology (OT) that has been around for 25 or 50 years. This grittier, pre-IP, more hands-on world has much to gain from Industrial IoT (IIoT) applications and principles. But adding sensors and wireless connectivity won’t work in environments that demand unwavering reliability and performance. In his session at @ThingsExpo, Ron Sege, CEO of Echelon, will discuss how as enterprise IT embraces other IoT-related technology trends, enterprises with i...
When it comes to the Internet of Things, hooking up will get you only so far. If you want customers to commit, you need to go beyond simply connecting products. You need to use the devices themselves to transform how you engage with every customer and how you manage the entire product lifecycle. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, will show how “product relationship management” can help you leverage your connected devices and the data they generate about customer usage and product performance to deliver extremely compelling and reliabl...
The Internet of Things (IoT) is causing data centers to become radically decentralized and atomized within a new paradigm known as “fog computing.” To support IoT applications, such as connected cars and smart grids, data centers' core functions will be decentralized out to the network's edges and endpoints (aka “fogs”). As this trend takes hold, Big Data analytics platforms will focus on high-volume log analysis (aka “logs”) and rely heavily on cognitive-computing algorithms (aka “cogs”) to make sense of it all.
With several hundred implementations of IoT-enabled solutions in the past 12 months alone, this session will focus on experience over the art of the possible. Many can only imagine the most advanced telematics platform ever deployed, supporting millions of customers, producing tens of thousands events or GBs per trip, and hundreds of TBs per month. With the ability to support a billion sensor events per second, over 30PB of warm data for analytics, and hundreds of PBs for an data analytics archive, in his session at @ThingsExpo, Jim Kaskade, Vice President and General Manager, Big Data & Ana...
One of the biggest impacts of the Internet of Things is and will continue to be on data; specifically data volume, management and usage. Companies are scrambling to adapt to this new and unpredictable data reality with legacy infrastructure that cannot handle the speed and volume of data. In his session at @ThingsExpo, Don DeLoach, CEO and president of Infobright, will discuss how companies need to rethink their data infrastructure to participate in the IoT, including: Data storage: Understanding the kinds of data: structured, unstructured, big/small? Analytics: What kinds and how responsiv...
Since 2008 and for the first time in history, more than half of humans live in urban areas, urging cities to become “smart.” Today, cities can leverage the wide availability of smartphones combined with new technologies such as Beacons or NFC to connect their urban furniture and environment to create citizen-first services that improve transportation, way-finding and information delivery. In her session at @ThingsExpo, Laetitia Gazel-Anthoine, CEO of Connecthings, will focus on successful use cases.
Sensor-enabled things are becoming more commonplace, precursors to a larger and more complex framework that most consider the ultimate promise of the IoT: things connecting, interacting, sharing, storing, and over time perhaps learning and predicting based on habits, behaviors, location, preferences, purchases and more. In his session at @ThingsExpo, Tom Wesselman, Director of Communications Ecosystem Architecture at Plantronics, will examine the still nascent IoT as it is coalescing, including what it is today, what it might ultimately be, the role of wearable tech, and technology gaps stil...
The true value of the Internet of Things (IoT) lies not just in the data, but through the services that protect the data, perform the analysis and present findings in a usable way. With many IoT elements rooted in traditional IT components, Big Data and IoT isn’t just a play for enterprise. In fact, the IoT presents SMBs with the prospect of launching entirely new activities and exploring innovative areas. CompTIA research identifies several areas where IoT is expected to have the greatest impact.
Wearable devices have come of age. The primary applications of wearables so far have been "the Quantified Self" or the tracking of one's fitness and health status. We propose the evolution of wearables into social and emotional communication devices. Our BE(tm) sensor uses light to visualize the skin conductance response. Our sensors are very inexpensive and can be massively distributed to audiences or groups of any size, in order to gauge reactions to performances, video, or any kind of presentation. In her session at @ThingsExpo, Jocelyn Scheirer, CEO & Founder of Bionolux, will discuss ho...
SYS-CON Events announced today that GENBAND, a leading developer of real time communications software solutions, has been named “Silver Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. The GENBAND team will be on hand to demonstrate their newest product, Kandy. Kandy is a communications Platform-as-a-Service (PaaS) that enables companies to seamlessly integrate more human communications into their Web and mobile applications - creating more engaging experiences for their customers and boosting collaboration and productiv...
Roberto Medrano, Executive Vice President at SOA Software, had reached 30,000 page views on his home page - http://RobertoMedrano.SYS-CON.com/ - on the SYS-CON family of online magazines, which includes Cloud Computing Journal, Internet of Things Journal, Big Data Journal, and SOA World Magazine. He is a recognized executive in the information technology fields of SOA, internet security, governance, and compliance. He has extensive experience with both start-ups and large companies, having been involved at the beginning of four IT industries: EDA, Open Systems, Computer Security and now SOA.
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, deploy, and manage applications integrating voice, video and data. He is the co-founder of TeleStax, a...