Hong Kong Retail Woes Continued in July With Fresh Outbreak

Hong Kong’s retailers came under renewed pressure in July as a third wave of coronavirus infections led the government to introduce renewed social-distancing measures, further stifling tourism, shopping and eating out.

Retail sales by value fell 23.1% from a year ago to HK$26.5 billion ($3.4 billion), according to a government statement. The latest weakness follows a 24.7% contraction in June and before that, four straight months of declines greater than 30%.