6
MONDAY, SEPTEMBER 7, 1987
POTENTIAL OF RETAIL SALES GROWTH OUTLINED
RETAIL CENTRE IN ASIA EMPLOYING 167,000 PEOPLE,
HONG KONG RANKS SECOND AS THE LARGEST COMPRISING SOME 50,000 ESTABLISHMENTS AND THE FINANCIAL SECRETARY, MR PIERS JACOBS, SAID TODAY (MONDAY).
ΤΟ
RETAILERS SOME
$73
SPEAKING AT THE OPENING CEREMONY OF THE THIRD ASIAN
AMOUNTED CONVENTION, MR JACOBS SAID TOTAL RETAIL SALES BILLION IN 1985.
"THIS IS A
CONSIDERABLE ACHIEVEMENT, BUT WITH THE AFFLUENCE OF THE LOCAL POPULATION, I STILL SEE POTENTIAL FOR HE SAID.
GROWING GROWTH,
WORKERS.
THE BE
NOTEWORTHY THAT MR JACOBS SAID IT WAS
THE MAJORITY OF THE RETAIL ESTABLISHMENTS IN HONG KONG HIRE FEWER THAN FIVE
THESE ESTABLISHMENTS ENABLED THEM ΤΟ RELATIVELY SMALL SIZE OF HIGHLY ADAPTABLE TO CHANGES IN TRENDS AND TASTES.
"MANY OF OUR SHOPPERS ARE TOURISTS, AND GIVEN THE OF TOURISM TO HONG KONG, OUR RETAIL ESTABLISHMENTS HAVE TO WITH INTERNATIONAL DEMAND, HE NOTED.
SIGNIFICANCE KEEP PACE
IN
"IN 1986, VISITOR ARRIVALS TO HONG KONG TOTALLED 3.7 MILLION. AND THEY SPENT ON AVERAGE SOME $4,600 PER PERSON DURING THEIR STAY
ABOUT 52 PER CENT HONG KONG WITH SHOPPING ACCOUNTING FOR
OF EACH
PERSON'S EXPENDITURE.'
"SPEAKING ON TRADE, MR JACOBS POINTED OUT THAT PEOPLE FROM A MOST AGREEABLE PLACE IN
MANY PARTS OF THE WORLD FOUND HONG KONG WHICH TO DO BUSINESS.
IS
ALREADY HOME TO THE COMPANIES. I BELIEVE THE IMPORTANCE WITH IN THIS
REGION,"
HE
"AS THE GATEWAY TO CHINA, HONG KONG REGIONAL HEADQUARTERS OF MANY MULTI-NATIONAL
HONG THAT
WILL KONG
CONTINUE ΤΟ GAIN IN PLACE DEVELOPMENT OF TRADE THAT WE SEE TAKING
SAID.
**THERE IS A GREAT DEAL OF BUSINESS TO BE DONE, AND I AM
CAN MAKE IN THAT YOU WILL RECOGNISE THE CONTRIBUTION HONG KONG ACHIEVEMENT OF YOUR CORPORATE OBJECTIVES," HE ADDED.
t
177
SURE
THE