Luxury Retail Sales Soar to New Record
Macau – Local retail sales reached a new record high of MOP 9.6 billion, up 39 percent year-on-year, in the second quarter of 2011. Business volume has been growing non-stop for the past 12 months as visitor spending soars but now seems to be slowing.
Luxury goods remain the most important business for the retail sector, according to the latest data released by the Statistics and Census Bureau yesterday. For instance, watches and jewellery reached sales of MOP 2.53 billion, 26 percent of the total.
In the last quarter this niche recorded a year-on-year growth of more than half (up 51.8 percent). Sales of watches and jewellery have been on the rise ever since the first quarter of 2009.
Social Connections
This year’s outlook is just peachy.![]()
![]()
The Pantone Color Institute named Peach Fuzz (PANTONE 13-1023) its 2024 Color of the Year, and the hue is already permeating retail. Here we present the latest products adorned in the peachy hue, as well as four complementary hues selected by Pantone for 2024. Read the Spring 2024 Trend Report here: giftshopmag.com/article/spring-2024-trend-report-peach-fuzz-and-its-supporting-cast/![]()
![]()
📸: Photo courtesy of Mud Pie.
News
April 26, 2024
Summer 2024 Atlanta Market updates gift resources
April 26, 2024
Consumers to spend near-record $33.5B on Mother’s Day
April 26, 2024
Road Runners partners with The Boutique Hub
April 22, 2024
Apparel, Formal Markets launch autumn/winter 2024
April 22, 2024
Atlanta Market updates home resources for summer 2024
Products
Upcoming Trade Shows
May 15 – 17
International Fashion Jewelry & Accessory Group
Orlando, FL USA
Jun 19 – 25
Dallas Total Home & Gift Market
Dallas, TX USA
Jun 19 – 22
Lightovation: Dallas International Lighting Show
Dallas, TX USA
Jul 15 – 18
Summer Casual Market Atlanta
Atlanta, GA USA
Jul 16 – 22
Atlanta Market
Atlanta, GA USA
Jul 28 – Aug 1
Las Vegas Market
Las Vegas, NV USA
Aug 4 – 7
