Welcome!

Web 2.0 Authors: Yeshim Deniz, Trevor Parsons, Pat Romanski, Aria Blog, Elizabeth White

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 ...
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example t...
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile devices as well as laptops and desktops using a visual drag-and-drop application – and eForms-buildi...
There is no doubt that Big Data is here and getting bigger every day. Building a Big Data infrastructure today is no easy task. There are an enormous number of choices for database engines and technologies. To make things even more challenging, requirements are getting more sophisticated, and the standard paradigm of supporting historical analytics queries is often just one facet of what is needed. As Big Data growth continues, organizations are demanding real-time access to data, allowing immediate and actionable interpretation of events as they happen. Another aspect concerns how to deliver ...
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect at GE, and Ibrahim Gokcen, who leads GE's advanced IoT analytics, focused on the Internet of Things / Industrial Internet and how to make it operational for business end-users. Learn about the challenges posed by machine and sensor data and how to marry it with enterprise data. They also discussed the tips and tricks to provide the Industrial Internet as an end-user consumable service using Big Data Analytics and Industrial Cloud.
Things are being built upon cloud foundations to transform organizations. This CEO Power Panel at 15th Cloud Expo, moderated by Roger Strukhoff, Cloud Expo and @ThingsExpo conference chair, addressed the big issues involving these technologies and, more important, the results they will achieve. Rodney Rogers, chairman and CEO of Virtustream; Brendan O'Brien, co-founder of Aria Systems, Bart Copeland, president and CEO of ActiveState Software; Jim Cowie, chief scientist at Dyn; Dave Wagstaff, VP and chief architect at BSQUARE Corporation; Seth Proctor, CTO of NuoDB, Inc.; and Andris Gailitis, C...
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happens, where data lives and where the interface lies. For instance, it's a mix of architectural styles ...
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, data security and privacy.
Technology is enabling a new approach to collecting and using data. This approach, commonly referred to as the "Internet of Things" (IoT), enables businesses to use real-time data from all sorts of things including machines, devices and sensors to make better decisions, improve customer service, and lower the risk in the creation of new revenue opportunities. In his General Session at Internet of @ThingsExpo, Dave Wagstaff, Vice President and Chief Architect at BSQUARE Corporation, discuss the real benefits to focus on, how to understand the requirements of a successful solution, the flow of ...
Cloud Expo 2014 TV commercials will feature @ThingsExpo, which was launched in June, 2014 at New York City's Javits Center as the largest 'Internet of Things' event in the world.
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Performance is the intersection of power, agility, control, and choice. If you value performance, and more specifically consistent performance, you need to look beyond simple virtualized compute. Many factors need to be considered to create a truly performant environment. In his General Session at 15th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, discussed how to take advantage of a multitude of compute options and platform features to make cloud the cornerstone of your online presence.
In this Women in Technology Power Panel at 15th Cloud Expo, moderated by Anne Plese, Senior Consultant, Cloud Product Marketing at Verizon Enterprise, Esmeralda Swartz, CMO at MetraTech; Evelyn de Souza, Data Privacy and Compliance Strategy Leader at Cisco Systems; Seema Jethani, Director of Product Management at Basho Technologies; Victoria Livschitz, CEO of Qubell Inc.; Anne Hungate, Senior Director of Software Quality at DIRECTV, discussed what path they took to find their spot within the technology industry and how do they see opportunities for other women in their area of expertise.
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...
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential.
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
We’re no longer looking to the future for the IoT wave. It’s no longer a distant dream but a reality that has arrived. It’s now time to make sure the industry is in alignment to meet the IoT growing pains – cooperate and collaborate as well as innovate. In his session at @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, will examine the key ingredients to IoT success and identify solutions to challenges the industry is facing. The deep industry expertise behind this presentation will provide attendees with a leading edge view of rapidly emerging IoT oppor...
“With easy-to-use SDKs for Atmel’s platforms, IoT developers can now reap the benefits of realtime communication, and bypass the security pitfalls and configuration complexities that put IoT deployments at risk,” said Todd Greene, founder & CEO of PubNub. PubNub will team with Atmel at CES 2015 to launch full SDK support for Atmel’s MCU, MPU, and Wireless SoC platforms. Atmel developers now have access to PubNub’s secure Publish/Subscribe messaging with guaranteed ¼ second latencies across PubNub’s 14 global points-of-presence. PubNub delivers secure communication through firewalls, proxy ser...