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Armed with empty suitcases and same-day return tickets, an army of mainland Chinese is descending on suburban outlet shopping malls and international fashion chains in Hong Kong cheap air max 93 , turning cheap into the new chic as luxury falls out of favor.
Wealthy Chinese used to stop over in Hong Kong for a few days to pick up a Louis Vuitton (LVMH.PA) bag or a wristwatch for up to 40 percent less than in Beijing or Shanghai.
These well-heeled tourists have now been overtaken by bargain-hunters that stay for a few hours, spend more at shops like Inditex SA's (ITX.MC) Zara and malls such as Citygate Outlets (1972.HK), turning Hong Kong into a must-be location for retailers who are braving some of the world's most expensive commercial rents.
"There are more mainland consumers than locals," said Tsz Chung, a salesman at a Nike Inc (NKE.N) store in Citygate cheap air max 360 , located in the satellite town of Tung Chung near the airport. "Typically, mainland consumers look for cheap goods."
Foreign retailers treat Hong Kong as a gateway to China, which is poised to become the world's biggest consumer market in three years, and how mainland tourists shop is big business. Sluggish sales growth in Europe and the United States also makes China, with its rapidly expanding middle class and rising incomes cheap air max 2 uptempo , especially attractive.
Chinese nationals were the largest single group of tourists to Hong Kong last year. Of the 35 million who visited, 20 million came and left the same day, an increase of more than a third on 2011, according to tourism bureau data.
Many short-term visitors come by shuttle bus or train from the southern Chinese province of Guangdong. They often head straight to Citygate, where more than. Cheap Hats Adidas NMD Pink For Sale Adidas NMD Red For Sale Adidas NMD Pink For Sale Cheap Nike Air Max Womens Cheap Nike Air Max Clearance Cheap Nike Air Max Mens Shoes Cheap Nike Air Max Womens Sale Cheap Nike Air Max Sale Cheap Nike Air Max Mens