Retailers seek out Filipinos
RETAILERS are waking up to an untapped, captive market worth more than $450 million a month - domestic helpers.
About 130,000 domestic helpers live in Hong Kong, more than 120,000 of them from the Philippines, but there are very few shops and services catering specifically for them.
With the exception of one or two remittance offices in Sha Tin, nearly all Philippine services, such as travel agents and product stores, are in World Wide Plaza in Central - a situation which Filipino groups say adds to the congestion in Statue Square on Sundays.
But given the group's vast spending power, retailers are moving to take advantage.
The undersecretary of the Association of Retailers and Tourism, Quince Chong Wai-yan, said domestic helpers were now recognised as a massive potential market for some of their members.
'We definitely see this group as having potential,' she said.
'Some of our members are already doing a lot of business with the Filipinos, such as Giordano and Bossini. But their spending power tends to be at the lower end of the scale, mainly on daily necessities and a bit of clothing.