Mainland tourists spend an average HK$12,000 per person on each visit to Hong Kong, with more than HK$2,300 spent on cosmetic products alone, a report released Monday by market research firm Nielsen Company revealed.
Shiseido Co, Japan's biggest cosmetics maker by market capitalization, is seeking to increase sales in China by 15 percent or more every year as rising incomes in the world's fastest-growing major economy spur demand for consumer products.
TOKYO - Shiseido Co, Japan's biggest cosmetics maker by market capitalization, is seeking to increase sales in China by 15 percent or more every year as rising incomes in the world's fastest-growing major economy spur demand for consumer products.
China has renewed its national catalogue of Chinese names of international cosmetic ingredients to further standardize the ingredients' Chinese names, according to the country's food and drug watchdog.
Cosmetics are not the only luxury goods attracting increasing numbers of Chinese men. More than 76 percent of urban males bought clothes in 2010, with 24 percent regarding clothes as "important purchases", according to Chinese market researchers CTR.
Sales of men's health and beauty products in China were set to overtake North America in 2010 and will probably grow about five times faster until 2014, according to consultants Euromonitor International.
HONG KONG: Sa Sa International Holdings, a cosmetics retailer based in Hong Kong, reported yesterday that its first-half net earnings jumped 41 percent, benefiting from strong growth in turnover and gross profit margin. The company is well known for selling cosmetics at bargain prices and has become very popular with mainland visitors.
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