As Hong Kong's retail industry slows down, some local retailers are offering early discounts and putting out lower-priced products to deal with the challenging market.
The summer sale has started a bit earlier than usual for a number of fashion retailers, who are keen to clear inventories.
Local casualwear chain Giordano and Giordano Junior held a staff sale between June 22 and 25, offering a 50 per cent discount in almost all its shops in the city.
Its main rival Bossini also offered a discount of 30 per cent in a staff sale from June 21 to 24.
Staff sales are open for company employees, their families and friends, but they are usually offered by retailers ahead of big public sales and thus seen as a precursor to the coming pricing trend.
Other brands - including Adidas, Gap and I.T - are offering various discounts, selling their wares much cheaper than the regular prices.
'There's a clear sign of slowdown in Hong Kong's retail industry. And the clothing and footwear segments are two of the most affected areas,' said Hong Kong Retail Management Association chairwoman Caroline Mak Sui-king.
