Cross-border e-commerce urged amid easing of retail sector decline

Slide for fourth consecutive year blamed on worldwide economic conditions, while online marketplace may have huge potential for local retailers The struggling retail sector is expected to stabilise following a three-year slump , with an industry head predicting a milder decline of 3 to 4 per cent for 2017, dragged down by unfavourable currency conditions and uncertainty sparked by the possibility of rigid US trade policies. Retail Management Association chairman Thomson Cheng Wai-hung said: “The association and I believe it is unlikely that the sector will see a revival this year.”

Cross-border e-commerce urged amid easing of retail sector decline

Slide for fourth consecutive year blamed on worldwide economic conditions, while online marketplace may have huge potential for local retailers The struggling retail sector is expected to stabilise following a three-year slump , with an industry head predicting a milder decline of 3 to 4 per cent for 2017, dragged down by unfavourable currency conditions and uncertainty sparked by the possibility of rigid US trade policies. Retail Management Association chairman Thomson Cheng Wai-hung said: “The association and I believe it is unlikely that the sector will see a revival this year.”