Property News · February 19, 2018

The jury is still out on the prospects for Hong Kong’s retail reinvention


Just over a year ago, Hong Kong’s retail industry had just emerged from a period dogged by deteriorating sales caused by falling visitor arrivals, in particular those from mainland China who were responsible for the lion’s share of spending on luxury goods.
After the prolonged downturn, the city’s retail sales value increased during most of 2017, as an improved business atmosphere and a rebounding yuan currency encouraged mainland Chinese visitors to come back to Hong Kong….

Source : South China Morning Post
Read more…The jury is still out on the prospects for Hong Kong’s retail reinvention

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