By
with contributions from Casey Hall
 on January 19, 2012

As the Chinese New Year looms Monday, retailers in Hong Kong and Mainland China are gearing up for one of their busiest shopping seasons of the year. While malls and stores are currently buzzing with activity, the outlook for retail is somewhat mixed against a backdrop of economic uncertainty.

Although official sales figures are being tallied up, there are some indications that Christmas sales in Hong Kong for some retailers weren’t as strong as expected. That may or may not bode well for Chinese New Year, which is unusually close to Christmas in 2012. The close timing of the two megaholidays is a bit of a challenge for Hong Kong retailers, as shoppers might concentrate their spending on one of the two holidays.

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