{"id":157669,"date":"2025-07-16T07:30:07","date_gmt":"2025-07-16T00:30:07","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/skechers-to-take-over-patek-philippe-space-on-causeway-bays-russell-street\/"},"modified":"2025-07-16T12:20:06","modified_gmt":"2025-07-16T05:20:06","slug":"skechers-to-take-over-patek-philippe-space-on-causeway-bays-russell-street","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/skechers-to-take-over-patek-philippe-space-on-causeway-bays-russell-street\/","title":{"rendered":"Skechers to take over Patek Philippe space on Causeway Bay\u2019s Russell Street"},"content":{"rendered":"


\nSkechers, an American footwear and apparel company, is taking advantage of a slump in Hong Kong\u2019s retail market by filling a space previously occupied by high-end Swiss watchmaker Patek Philippe on Causeway Bay\u2019s Russell Street, one of the city\u2019s most expensive shopping strips.
\nA 1,036 sq ft shop on the ground floor of 50-52 Russell Street was leased to Skechers for three years at a monthly rent of HK$360,000 (US$45,860), or HK$347 per square foot, according to Rickey Chan, managing director of…
\n
\nSource : South China Morning Post
\nRead more…Skechers to take over Patek Philippe space on Causeway Bay\u2019s Russell Street<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Skechers, an American footwear and apparel company, is taking advantage of a slump in 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-157669","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-F13","jetpack-related-posts":[{"id":101229,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/causeway-bays-russell-street-takes-over-from-new-yorks-5th-avenue-as-worlds-most-expensive-place-to-rent-shops\/","url_meta":{"origin":157669,"position":0},"title":"Causeway Bay\u2019s Russell Street takes over from New York\u2019s 5th Avenue as world\u2019s most expensive place to rent shops","date":"November 14, 2018","format":false,"excerpt":"\r Russell Street in Hong Kong\u2019s Causeway Bay district has replaced New York\u2019s Upper 5th Avenue as the world\u2019s most expensive retail street by rental value, according to property consultants Cushman & Wakefield. For the first time in five years, the city has regained the crown with average annual rents\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106364,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/quality-retail-space-is-the-new-frontier-as-consumers-look-beyond-the-online-sales-experience\/","url_meta":{"origin":157669,"position":1},"title":"Quality retail space is the new frontier as consumers look beyond the online sales experience","date":"April 23, 2019","format":false,"excerpt":"\r What are the opportunities for bricks-and-mortar stores in a digital era? The answers may be inaesthetic retail space where people can wander and interact with others.The retail market in Hong Kong has undergone numerous stages in the past five years. Itpeaked in 2013\/14, where rents in core districts such\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":157669,"position":2},"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":110012,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/causeway-bay-retail-landlord-offers-to-cut-rent-by-44-per-cent-as-prada-closes-flagship-store-next-year-amid-dwindling-foot-traffic\/","url_meta":{"origin":157669,"position":3},"title":"Causeway Bay retail landlord offers to cut rent by 44 per cent as Prada closes flagship store next year amid dwindling foot traffic","date":"August 19, 2019","format":false,"excerpt":"\r The landlord of Prada\u2019s retail store in Causeway Bay is offering to slash monthly rent by 44 per cent next year when the Italian fashion house shuts its flagship outlet on Hong Kong Island, succumbing to dwindling shoppers\u2019 foot traffic.The Milanese company will close its 15,000-square foot (1,393 square\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":150759,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-watch-trends-2025-potential-discontinuations-from-major-brands-to-aid-boom-in-secondary-market\/","url_meta":{"origin":157669,"position":4},"title":"Luxury watch trends 2025: Potential discontinuations from major brands to aid boom in secondary market","date":"April 9, 2025","format":false,"excerpt":"\r Rolex, Audemars Piguet, and Patek Philippe investors to potentially experience the best resale value, should discontinuations occur\r \r Source : arabianbusiness.com\r Read more...Luxury watch trends 2025: Potential discontinuations from major brands to aid boom in secondary market","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/04\/luxury-watchmaker-workshop-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":110869,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/causeway-bays-retail-vacancy-rate-to-soar-with-one-in-10-shops-standing-empty-as-hong-kongs-street-rallies-enter-their-15th-week\/","url_meta":{"origin":157669,"position":5},"title":"Causeway Bay\u2019s retail vacancy rate to soar, with one in 10 shops standing empty as Hong Kong\u2019s street rallies enter their 15th week","date":"September 18, 2019","format":false,"excerpt":"\r One in every 10 shops in Causeway Bay now stands empty, as three months of protest rallies have deterred visitors from the world\u2019s most expensive shopping district, adding to the woes of a retail industry that is already suffering from a weakening yuan and mainland China\u2019s abolition of luxury\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\/157669"}],"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=157669"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/157669\/revisions"}],"predecessor-version":[{"id":157670,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/157669\/revisions\/157670"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=157669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=157669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=157669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}