Welcome!

Agile Computing Authors: Yung Chou, Charlotte Spencer-Smith, Elizabeth White, Pat Romanski, Ferhat Hatay

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
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Avere delivers a more modern architectural approach to storage that doesn’t require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbuilding of data centers ...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
The Quantified Economy represents the total global addressable market (TAM) for IoT that, according to a recent IDC report, will grow to an unprecedented $1.3 trillion by 2019. With this the third wave of the Internet-global proliferation of connected devices, appliances and sensors is poised to take off in 2016. In his session at @ThingsExpo, David McLauchlan, CEO and co-founder of Buddy Platform, will discuss how the ability to access and analyze the massive volume of streaming data from mil...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 ad...
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
WebSocket is effectively a persistent and fat pipe that is compatible with a standard web infrastructure; a "TCP for the Web." If you think of WebSocket in this light, there are other more hugely interesting applications of WebSocket than just simply sending data to a browser. In his session at 18th Cloud Expo, Frank Greco, Director of Technology for Kaazing Corporation, will compare other modern web connectivity methods such as HTTP/2, HTTP Streaming, Server-Sent Events and new W3C event APIs ...
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
SYS-CON Events announced today that iDevices®, the preeminent brand in the connected home industry, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. iDevices, the preeminent brand in the connected home industry, has a growing line of HomeKit-enabled products available at the largest retailers worldwide. Through the “Designed with iDevices” co-development program and its custom-built IoT Cloud Infrastruc...
Companies can harness IoT and predictive analytics to sustain business continuity; predict and manage site performance during emergencies; minimize expensive reactive maintenance; and forecast equipment and maintenance budgets and expenditures. Providing cost-effective, uninterrupted service is challenging, particularly for organizations with geographically dispersed operations.
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
Join us at Cloud Expo | @ThingsExpo 2016 – June 7-9 at the Javits Center in New York City and November 1-3 at the Santa Clara Convention Center in Santa Clara, CA – and deliver your unique message in a way that is striking and unforgettable by taking advantage of SYS-CON's unmatched high-impact, result-driven event / media packages.
As enterprises work to take advantage of Big Data technologies, they frequently become distracted by product-level decisions. In most new Big Data builds this approach is completely counter-productive: it presupposes tools that may not be a fit for development teams, forces IT to take on the burden of evaluating and maintaining unfamiliar technology, and represents a major up-front expense. In his session at @BigDataExpo at @ThingsExpo, Andrew Warfield, CTO and Co-Founder of Coho Data, will dis...
Silver Spring Networks, Inc. (NYSE: SSNI) extended its Internet of Things technology platform with performance enhancements to Gen5 – its fifth generation critical infrastructure networking platform. Already delivering nearly 23 million devices on five continents as one of the leading networking providers in the market, Silver Spring announced it is doubling the maximum speed of its Gen5 network to up to 2.4 Mbps, increasing computational performance by 10x, supporting simultaneous mesh communic...
Eighty percent of a data scientist’s time is spent gathering and cleaning up data, and 80% of all data is unstructured and almost never analyzed. Cognitive computing, in combination with Big Data, is changing the equation by creating data reservoirs and using natural language processing to enable analysis of unstructured data sources. This is impacting every aspect of the analytics profession from how data is mined (and by whom) to how it is delivered. This is not some futuristic vision: it's ha...
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...