Economics
From Dior to Dried Fish, Hong Kong Retailers Feel Protest Pain
- Upscale malls and family businesses hurting from protests
- July retail sales contracted, data released Friday show
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Whether it’s glitzy shops in Central or decades-old family businesses along the city’s winding streets, retailers of all levels across Hong Kong these days find themselves struggling in much the same way.
In the western district of Hong Kong Island, Au Chun Pang, 56, says monthly sales at his dried seafood store have plunged some 20% from the start of the year as economic growth in both China and Hong Kong have slowed and tourism has declined as a result of the frequent protests.