Property News · July 8, 2020

Topshop to close last Hong Kong store, joining growing list of foreign retailers leaving city amid coronavirus sales slump


British high street retailer Topshop is closing its last and largest store in Hong Kong, joining the ranks of foreign brands exiting the city amid a coronavirus-induced economic slowdown and shift to e-commerce.Topshop told the Post that it will not renew the lease of its two-storey flagship store in Central when the contract expires in October.The 14,000 sq ft store on the bustling Queen’s Road was secured by Topshop in 2012, initially for HK$2.8 million (US$361,285) a month through its…

Source : South China Morning Post
Read more…Topshop to close last Hong Kong store, joining growing list of foreign retailers leaving city amid coronavirus sales slump

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