Deloitte: Hong Kong retail sales this year are expected to increase by nearly 8% year-on-year to HK$410 billion.

On February 4, according to the Hong Kong Economic Times, Deloitte expects that Hong Kong's retail sales will increase by nearly 8% annually to about HK$410 billion by 2026. Deloitte's Hong Kong consumer market business partner, Zheng Huanran, stated that the Hong Kong consumer market showed strong recovery in the second half of last year, and it is expected that the local retail industry will continue to thrive this year. It is anticipated that key retail categories such as jewelry, watches, and luxury gifts will increase by 19%, clothing and footwear by 16%, pharmaceuticals and cosmetics by 11%, and department stores by 10%.