Property News · June 13, 2018

Shuttered shopfronts show impact of e-commerce on Hong Kong’s retail sector


The rise of e-commerce has already spelt the end for some of Hong Kong’s best-known bricks-and-mortar stores, even though the city still lags behind other markets in embracing the new shopping model.
In Causeway Bay, on the third floor of the once-bustling Island Beverley Shopping Centre in Causeway Bay, just 15 out of about 60 units were open during a recent visit there by South China Morning Post. Its vacancy rate has been as high as 70 per cent in the past.
Two blocks away, Causeway…

Source : South China Morning Post
Read more…Shuttered shopfronts show impact of e-commerce on Hong Kong’s retail sector

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