{"id":122571,"date":"2021-10-13T17:07:34","date_gmt":"2021-10-13T10:07:34","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/watsons-closes-shop-in-tsim-sha-tsui-after-20-years-in-latest-sign-of-hong-kong-retail-sectors-struggle-to-survive-coronavirus-pandemic\/"},"modified":"2021-10-13T18:27:45","modified_gmt":"2021-10-13T11:27:45","slug":"watsons-closes-shop-in-tsim-sha-tsui-after-20-years-in-latest-sign-of-hong-kong-retail-sectors-struggle-to-survive-coronavirus-pandemic","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/watsons-closes-shop-in-tsim-sha-tsui-after-20-years-in-latest-sign-of-hong-kong-retail-sectors-struggle-to-survive-coronavirus-pandemic\/","title":{"rendered":"Watsons closes shop in Tsim Sha Tsui after 20 years in latest sign of Hong Kong retail sector\u2019s struggle to survive coronavirus pandemic"},"content":{"rendered":"


\nPersonal health care chain Watsons said it will close its shop in one of Hong Kong\u2019s major tourist locations on Thursday after leasing it for two decades, a sign of the retail industry\u2019s struggle to survive a near-total absence of visitors during the pandemic.Watsons, owned by tycoon Li Ka-shing\u2019s CK Hutchison Holdings, said the closure of its large store at Star House in Tsim Sha Tsui, a popular shopping destination, was because the pandemic had \u201cseverely affected the local economy and\u2026
\n
\nSource : South China Morning Post
\nRead more…Watsons closes shop in Tsim Sha Tsui after 20 years in latest sign of Hong Kong retail sector\u2019s struggle to survive coronavirus pandemic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Personal health care chain Watsons said it will close its shop in one of Hong...<\/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-122571","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-vSX","jetpack-related-posts":[{"id":115262,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-jeweller-tiffany-closes-its-shop-in-tsim-sha-tsui-hong-kong-as-covid-19-batters-the-citys-retailers\/","url_meta":{"origin":122571,"position":0},"title":"Luxury jeweller Tiffany closes its shop in Tsim Sha Tsui, Hong Kong, as Covid-19 batters the city\u2019s retailers","date":"March 30, 2020","format":false,"excerpt":"\r Tiffany & Co, one of the world\u2019s leading jewellers, has closed its shop in Canton Road, Tsim Sha Tsui, one of the most expensive shopping locations in Hong Kong, after sales slumped amid the coronavirus outbreak.The luxury jewellery retailer, founded in the US, has quietly shut its 4,000 square-foot\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118805,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cartier-closes-boutique-at-1881-heritage-as-it-consolidates-retail-network-in-tsim-sha-tsui-amid-hong-kongs-luxury-sales-slump\/","url_meta":{"origin":122571,"position":1},"title":"Cartier closes boutique at 1881 Heritage as it consolidates retail network in Tsim Sha Tsui amid Hong Kong\u2019s luxury sales slump","date":"October 3, 2020","format":false,"excerpt":"\r Cartier, the French luxury jeweller and watch maker, said it\u2019s closing one of seven boutiques in Hong Kong to consolidate its sales network, reflecting the predicament of the city\u2019s luxury retail industry amid a bruising recession and a collapse in tourist arrivals.The jeweller closed its boutique at CK Asset\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116379,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-retail-landlord-chinachem-cuts-base-rent-close-to-zero-for-some-tenants-in-tsim-sha-tsui-wants-to-walk-them-through-this-tough-period\/","url_meta":{"origin":122571,"position":2},"title":"Hong Kong retail landlord Chinachem cuts base rent close to zero for some tenants in Tsim Sha Tsui, wants to \u2018walk them through this tough period\u2019","date":"May 15, 2020","format":false,"excerpt":"\r Chinachem Group is charging close to zero base rents as part of relief measures offered to some of its tenants in its Tsim Sha Tsui shopping centres since March.Donald Choi, the Hong Kong retail landlord\u2019s chief executive, said in an interview on the sidelines of the China Conference, which\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34428,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/causeway-bay-and-tsim-sha-tsui-retain-allure-for-retailers-in-spite-of-sluggish-times\/","url_meta":{"origin":122571,"position":3},"title":"Causeway Bay and Tsim Sha Tsui retain allure for retailers in spite of sluggish times","date":"November 15, 2016","format":false,"excerpt":"\r The prime shopping hubs of Causeway Bay and Tsim Sha Tsui, among the most expensive in Hong Kong in terms of rental costs, remain attractive for retailers amid overall sluggishness in the sector. Retail rents in Causeway Bay fell 8 per cent in the rental index in the third\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171744,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-tsim-sha-tsui-tops-asia-luxury-retail-rents-but-bond-street-worlds-priciest\/","url_meta":{"origin":122571,"position":4},"title":"Hong Kong\u2019s Tsim Sha Tsui tops Asia luxury retail rents, but Bond Street world\u2019s priciest","date":"May 11, 2026","format":false,"excerpt":"\r Hong Kong\u2019s Tsim Sha Tsui has retained its title as Asia\u2019s priciest luxury retail strip, commanding \u00a316,160 (US$22,000) per square metre in annual rents, as the city remains among the world\u2019s most active markets in terms of new high-end store openings, according to Savills. London\u2019s Bond Street replaced Tsim\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117678,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tsim-sha-tsui-now-hong-kongs-most-expensive-retail-area-with-causeway-bay-luxury-sales-hit\/","url_meta":{"origin":122571,"position":5},"title":"Tsim Sha Tsui now Hong Kong\u2019s most expensive retail area, with Causeway Bay luxury sales hit","date":"July 9, 2020","format":false,"excerpt":"\r Tsim Sha Tsui, located on the tip of Kowloon peninsula, has emerged as Hong Kong\u2019s most expensive retail neighbourhood for the first time in its history. Causeway Bay, which had held the accolade until now, has been hit harder by sluggish luxury goods sales.Tsim Sha Tsui, which is home\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\/122571"}],"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=122571"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122571\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}