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Jan retail sales up 0.9%

The value of total retail sales in January, provisionally estimated at $36.5 billion, rose 0.9% compared with the same month in 2023, the Census & Statistics Department announced today.   After netting out the effect of price changes over the same period, the provisional estimate represents a 1.2% year-on-year decrease.   Of the total retail sales value in January, online sales accounted for 6.5%. Provisionally estimated at $2.4 billion, the value of this segment went down by 20.9% compared with a year earlier.   Noting that retail sales tend to show greater volatility in the first two months of a year due to the timing of the Lunar New Year, the department said the year-on-year comparison of the figures might have been affected to a certain extent.   The value of sales of jewellery, watches and clocks, and valuable gifts increased 25.2% compared with January 2023.   Increases were also recorded in the sales of other consumer goods not elsewhere classified (up 7

Star footballers set to play in HK

Inter Miami CF, led by football superstar Lionel Messi, is headed to the city next month and will take on a specially invited Hong Kong team in an exhibition match.

 

Secretary for Culture, Sports & Tourism Kevin Yeung noted that the match has been awarded “M” Mark status, an iconic recognition for major international sports events held in Hong Kong. Moreover, the Government has earmarked a matching grant of $16 million and approved a range of support measures for the organiser, Tatler Asia.

 

In addition, 15,000 free tickets for Inter Miami CF’s open training session on February 3 will be distributed for free to students, young athletes, disabled athletes and grassroots families. Some of the club’s top players will also meet budding young footballers during their stay in Hong Kong.

 

At a press conference today, Tatler Asia Chairman & CEO Michel Lamunière hailed the event as a way to harness the power of sports to inspire the minds and spirits of Hong Kong youth. 

 

“We believe that they are all the key to the future of our city. That is why providing them - particularly those with limited access to such opportunities - with this once-in-a-lifetime experience to learn from one or several of the world’s best players is essential to this grand celebration.”

 

Chairman of The Football Association of Hong Kong Eric Fok thanked the Government for its support in bringing large-scale football events to Hong Kong, which help highlight the city’s edge as a hub for major events.

 

The match between Inter Miami CF and the Hong Kong team will take place on February 4 at Hong Kong Stadium. Tickets are already sold out, but the public can watch a live broadcast on free television.


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