Strategy to foster the sustainable growth in Hong Kongs retail trade Assignment

dodging to foster the sustainable outgrowth in Hong Kongs retail trade industry under the situation of rarified shop rents - Assignment Examplewas the leading causes while strategies like promotion of commercial spaces on vested lands and pileus on rent prices can be the alternative measures.Retail trade has contributed towards employment and economic growth in Hong Kong. This study pull up stakes be focused towards identifying various strategies to achieve sustainable growth in retail industry of Hong Kong during soaring shop rent situation. In this particular research paper, different factors will be outlined which has caused turmoil in Hong Kongs retail sector. The respect of retail sales has drastically decreased in recent years, approximately by 6.9% over previous year. It has been observed that sales value of certain products such as jewelry, clocks and valuable gifts, photographic equipment and electrical goods, and consumer durables has decreased by 28.2%, 15.3% and 23. 9% respectively. Retail business operators in Hong Kong market be facing major challenges in present scenario in terms of retaining their market sh be and gaining high revenue margins. This problem has mainly occurred due to decrease in purchasing power of Chinas mainland tourists and increased total costs in form of recompense and shop rents. It is clearly evident that minimum wage legislation of Hong Kong Government and anti-corruption policies of Chinese government are policy variables. These external factors are not under control of retail operators. However these operators can occupy the best strategy for reducing shop rents so as to achieve sustainable growth in Hong Kong market.The retail trade sector is a vital component of utilities, transportation and trade supersector. This sector encompasses establishments in terms of engaging into retailing merchandise and rendering services in context of merchandise sale. sell process can be stated as final step in merchandise dist ribution. Retailers are generally organized to sell specific merchandise to general public in small quantities. on that point are two main categories of retailers