31 Dec 2019
In 2019, as ever, as the year end approached, retail sales peaked as shoppers made ready for Christmas and the New Year. With the festive buying period kicking off in November, the final two months of the year typically account for a considerable proportion of overall annual retail sales in a substantial number of economies. In light of this, many view the total sales recorded over this period as bellwethers of consumer demand in the individual markets and regional economies concerned.
The Vietnamese baby and maternity market is boosted by the rising incomes of educated parents who are willing to pay a premium for high quality baby products. Hong Kong suppliers may find good opportunities by partnering with local distributors and targeting urban consumers. Apart from traditional advertising, new entrants are advised to gain the trust of consumers by targeting women in early pregnancy through other marketing channels.
Established in 1878 in Turin, Italy, the gourmet chocolate manufacturer Venchi is now a well-known brand in Hong Kong, noted for its jewel-like designs, attention to detail and its insistence on using only natural ingredients. Hong Kong businesswoman Diana Wong established Venchi as a significant player in the confectionary industry in the SAR and is now planning to use her experience in Hong Kong to achieve further success in the Greater Bay Area.
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