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Retail sales in Hong Kong have plunged by more than one-third over the first four months of this year. Census and Statistics Department figures show a 36.1-per-cent decline, which follows an adjusted 42.1-per-cent fall in March. Those two months represent the…
Hong Kong’s Causeway Bay was yesterday the center of the largest and most disruptive protest activity since the outbreak of Covid-19, forcing stores to close and shoppers seeking shelter from tear gas. And they revealed a new target: Hong Kong-listed apparel…
Ongoing Hong Kong protests have been blamed for a 40-per-cent slump in inbound visitors to the territory in August. Given travelers account for about 50 percent of Hong Kong retail turnover, that figure does not bode well for official retail sales figures for…
Protests in Hong Kong have likely contributed to an unexpected drop in revenues for Richemont sales in a key luxury market. The Cartier timepiece brand owner saw a 2-per-cent drop in sales in the last quarter and experienced a 3.9-per-cent fall in its stock…
The ongoing Hong Kong protests are eroding the sales of the territory’s retailers according to the HKRMA. “Depending on the performance of different retail categories, most member companies said the turnover in the first week of June recorded an average…
