{"id":118526,"date":"2020-09-07T16:45:09","date_gmt":"2020-09-07T09:45:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-stores-exit-russell-street-hong-kong-once-the-worlds-priciest-retail-strip-amid-tourist-slump-over-covid-19-and-protests\/"},"modified":"2020-09-07T17:03:20","modified_gmt":"2020-09-07T10:03:20","slug":"luxury-stores-exit-russell-street-hong-kong-once-the-worlds-priciest-retail-strip-amid-tourist-slump-over-covid-19-and-protests","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-stores-exit-russell-street-hong-kong-once-the-worlds-priciest-retail-strip-amid-tourist-slump-over-covid-19-and-protests\/","title":{"rendered":"Luxury stores exit Russell Street, Hong Kong, once the world\u2019s priciest retail strip, amid tourist slump over Covid-19 and protests"},"content":{"rendered":"


\nRussell Street in Causeway Bay, Hong Kong, one of the city\u2019s premier shopping destinations and often in the past the one with the world\u2019s highest commercial real-estate rents, is a shadow of its former self.Watch brand Rolex, lingerie label La Perla, skincare brand Kiehl\u2019s and watchmaker Omega have all closed stores in the prime retail location in recent weeks, following in the footsteps of Prada, which was the first major global brand to on the street to shut up shop this year.La Perla signed\u2026
\n
\nSource : South China Morning Post
\nRead more…Luxury stores exit Russell Street, Hong Kong, once the world\u2019s priciest retail strip, amid tourist slump over Covid-19 and protests<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Russell Street in Causeway Bay, Hong Kong, one of the city\u2019s premier shopping destinations and...<\/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-118526","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-uPI","jetpack-related-posts":[{"id":133528,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-hong-kong-recover-from-covid-19-to-reclaim-luxury-retail-market-crown\/","url_meta":{"origin":118526,"position":0},"title":"Can Hong Kong recover from Covid-19 to reclaim luxury retail market crown?","date":"January 2, 2023","format":false,"excerpt":"\r Just over two years ago, Hong Kong\u2019s Russell Street was the world\u2019s priciest retail strip. But a walk through the area these days reveals how dramatically the city\u2019s retail market has changed.\r \r Source : South China Morning Post\r Read more...Can Hong Kong recover from Covid-19 to reclaim luxury\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123394,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/burberry-joins-prada-la-perla-in-exiting-hong-kongs-russell-street-once-the-worlds-most-expensive-retail-rental-strip\/","url_meta":{"origin":118526,"position":1},"title":"Burberry joins Prada, La Perla in exiting Hong Kong\u2019s Russell Street, once the world\u2019s most expensive retail rental strip","date":"November 23, 2021","format":false,"excerpt":"\r British luxury fashion house Burberry will shut its flagship store on Hong Kong\u2019s Russell Street, once the world\u2019s most expensive shopping strip, after a 10-year lease expires early next year, according to sources.The iconic brand, known for its trademark check pattern, has maintained a presence in the Causeway Bay\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118552,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rising-vacancy-sliding-rents-in-hong-kong-signal-cracks-in-worlds-most-expensive-retail-strip-to-persist-into-new-year\/","url_meta":{"origin":118526,"position":2},"title":"Rising vacancy, sliding rents in Hong Kong signal cracks in world\u2019s most expensive retail strip to persist into new year","date":"September 10, 2020","format":false,"excerpt":"\r The world\u2019s most expensive retail strip is likely to endure another six months of industry slump as shop owners struggle to replace premium tenants amid Hong Kong\u2019s deepening recession.Global brands from Prada to Rolex and Victoria\u2019s Secret have in the past year vacated their space near or along Russell\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114049,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-coronavirus-outbreak-knock-hong-kong-retail-and-office-markets-the-worlds-priciest-off-the-perch\/","url_meta":{"origin":118526,"position":3},"title":"Can coronavirus outbreak knock Hong Kong retail and office markets, the world\u2019s priciest, off the perch?","date":"February 4, 2020","format":false,"excerpt":"\r Hong Kong\u2019s office and retail space rents, the world\u2019s priciest, have slipped under the weight of US-China trade war and anti-government protests for most of the past year. Can the fallout from a prolonged coronavirus outbreak knock them off the perch?The viral outbreak has taken its toll even before\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114149,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/j-crew-to-shut-hong-kong-stores-joins-big-brand-exodus-from-causeway-bay-worlds-priciest-shopping-district\/","url_meta":{"origin":118526,"position":4},"title":"J.Crew to shut Hong Kong stores, joins big-brand exodus from Causeway Bay, world\u2019s priciest shopping district","date":"February 9, 2020","format":false,"excerpt":"\r J.Crew Group, the US retailer of menswear and womenswear, is closing its stores in Hong Kong, according to staff at both its locations in the city.\u201cThe stores in Causeway Bay and near Lan Kwai Fong will be closed on February 23,\u201d a sales staff member at its Times Square\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":126367,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/transformers-restaurant-joins-five-guys-and-ruby-tuesday-to-turn-hong-kongs-russell-street-from-worlds-priciest-fashion-strip-into-foodies-haven\/","url_meta":{"origin":118526,"position":5},"title":"Transformers restaurant joins Five Guys and Ruby Tuesday to turn Hong Kong\u2019s Russell Street from world\u2019s priciest fashion strip into foodies\u2019 haven","date":"May 10, 2022","format":false,"excerpt":"\r The vacancy rate at Russell Street rose from zero in Q1 2019, before Covid-19 and social unrest, to 7.4 per cent in the first quarter of 2022, according to JLL.\r \r Source : South China Morning Post\r Read more...Transformers restaurant joins Five Guys and Ruby Tuesday to turn Hong\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\/118526"}],"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=118526"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118526\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}