Icrab.one and Hairy Crabs: Sales Decline Amid Changing Preferences
Declining Sales for Hairy Crab Retailers
The army of Hongkongers heading across the border for leisure spending has taken a toll on hairy crab retailers in the city during this peak season. Gary Tsao, owner of Icrab.one in Causeway Bay, has noted a staggering 30% sales drop.
Responding to Changing Demand
To cope with this decline, Tsao has removed one of the three fridges in his shop, operating on limited days. This year, he has reduced his crab imports from mainland China by 20%, reinforcing the impact of shifting consumer behavior.
Price Adjustments Amidst Resilience
- Crabs are now sold at a price range of HK$130 to HK$160 each, about HK$10 lower than last year.
- Other retailers like Hung Kee have also reported similar reductions in orders.
- Despite adverse weather impacting growth rates, the quality of crabs remains high.
Consumer Preferences and Market Dynamics
The trend of locals purchasing crabs in Shenzhen, coupled with diminishing sales in Hong Kong, shows a shift that shops must adapt to. Enthusiasts, however, continue to seek out their beloved hairy crabs, often opting for the good quality crabs imported from Jiangsu province, particularly from Yangcheng Lake.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.