{"id":110821,"date":"2019-09-17T06:45:13","date_gmt":"2019-09-16T23:45:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/several-dozen-hong-kong-retailers-likely-to-fold-as-protests-hit-sales-leaving-thousands-unemployed\/"},"modified":"2019-09-17T09:08:46","modified_gmt":"2019-09-17T02:08:46","slug":"several-dozen-hong-kong-retailers-likely-to-fold-as-protests-hit-sales-leaving-thousands-unemployed","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/several-dozen-hong-kong-retailers-likely-to-fold-as-protests-hit-sales-leaving-thousands-unemployed\/","title":{"rendered":"Several dozen Hong Kong retailers likely to fold as protests hit sales, leaving thousands unemployed"},"content":{"rendered":"


\nSeveral dozen small retailers are likely to shut shop as soon as the end of this month due to plunging sales that could lead to thousands of lay-offs as protests frighten away tourists, according to a Hong Kong-based staffing agency.\u201cIt is just too hard to survive,\u201d said Alexa Chow Yee-ping, managing director of AMAC Human Resources Consultants, adding that retail chains were trying their best to keep permanent staff despite the gloomy scene.About 20 per cent to 30 per cent of retailers were\u2026
\n
\nSource : South China Morning Post
\nRead more…Several dozen Hong Kong retailers likely to fold as protests hit sales, leaving thousands unemployed<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Several dozen small retailers are likely to shut shop as soon as the end of...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-110821","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-sPr","jetpack-related-posts":[{"id":113118,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-protests-create-space-for-new-businesses-to-expand-as-traditional-retailers-restaurants-retreat-after-seven-months-of-falling-sales\/","url_meta":{"origin":110821,"position":0},"title":"Hong Kong protests create space for new businesses to expand, as traditional retailers, restaurants retreat after seven months of falling sales","date":"December 17, 2019","format":false,"excerpt":"\r New retail entrants are taking advantage of the downturn in Hong Kong\u2019s economy to expand rapidly, as a rising number of big chains give up leases, forcing landlords to lower rents.Defying a depressed retail market battered by seven months of anti-government protests and an economy in recession, 24-hour gyms,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86812,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-sales-rebound-has-retailers-looking-anew-at-expanding-shopping-space\/","url_meta":{"origin":110821,"position":1},"title":"Hong Kong sales rebound has retailers looking anew at expanding shopping space","date":"April 30, 2018","format":false,"excerpt":"\r Retail sales in Hong Kong are recovering strongly this year after a slump that began in 2016, as mainland Chinese visitors return to the city, spurring retailers to again think about investing in new premises. In the first two months of this year, sales rose 15.7 per cent from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114535,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/many-of-hong-kongs-retailers-may-fold-even-before-they-get-a-chance-to-discuss-rent-relief-with-landlords\/","url_meta":{"origin":110821,"position":2},"title":"Many of Hong Kong\u2019s retailers may fold even before they get a chance to discuss rent relief with landlords","date":"February 26, 2020","format":false,"excerpt":"\r Most landlords\u2019 refusal to agree to a one-off rent cut will force hundreds of retailers out of business, with one Hong Kong legislator saying that it may be too little and too late for some tenants to survive drawn-out rent discussions, as sales have plummeted amid the coronavirus outbreak.Shiu\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28461,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mid-priced-brands-cash-in-on-falling-hong-kong-rents-at-expense-of-luxury-retailers\/","url_meta":{"origin":110821,"position":3},"title":"Mid-priced brands cash in on falling Hong Kong rents at expense of luxury retailers","date":"October 4, 2016","format":false,"excerpt":"\r Hong Kong may no longer be the darling of European luxury brands after the combined effect of a slower local economy and fewer mainland shoppers as a result of Beijing\u2019s anti-corruption crack down, but the city is still magnet for less expensive luxury brands and mid-priced retailers. Retail sales\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117648,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/topshop-to-close-last-hong-kong-store-joining-growing-list-of-foreign-retailers-leaving-city-amid-coronavirus-sales-slump\/","url_meta":{"origin":110821,"position":4},"title":"Topshop to close last Hong Kong store, joining growing list of foreign retailers leaving city amid coronavirus sales slump","date":"July 8, 2020","format":false,"excerpt":"\r 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114295,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-is-the-future-for-hong-kongs-luxury-retailers-as-chinas-big-spenders-avoid-city-of-protests-and-coronavirus-quarantines\/","url_meta":{"origin":110821,"position":5},"title":"What is the future for Hong Kong\u2019s luxury retailers, as China\u2019s big spenders avoid city of protests and coronavirus quarantines?","date":"February 15, 2020","format":false,"excerpt":"\r Zhang Zisheng has stopped shopping in Hong Kong. The 24-year-old salesman no longer feels welcome, even if his home in Jiangmen is a mere 90-minutes\u2019 ride away on the high-speed rail, and he speaks the same Cantonese as Hong Kong\u2019s residents.\u201cI\u2019m worried that I, as a mainland Chinese visitor,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110821"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=110821"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110821\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=110821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=110821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=110821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}