
Hong Kong retail sales are expected to post their steepest fall on record in January at around 30%, while tourist arrivals in February fell to under 3,000 a day on average, from around 100,000 in January.
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Hong Kong retail sales are expected to post their steepest fall on record in January at around 30%, while tourist arrivals in February fell to under 3,000 a day on average, from around 100,000 in January.
Hong Kong's August retail sales were the worst on record, the government said on Wednesday, as escalating anti-government protests scared off tourists and battered spending.
Hong Kong skin care and cosmetics retailer Sa Sa said on Tuesday its half-year net profit plunged 55 percent as a drop in mainland tourists to the city and a stronger currency hit consumer sentiment.
Hong Kong retail sales fell for the fourth straight month in June as a drop in tourist arrivals continued to hit sales of big-ticket items such as jewellery and watches.
Hong Kong retail sales fell 0.1 percent in May in value terms from a year earlier, as slower tourist arrivals hurt sales of big-ticket items such as jewellery and watches.
Tensions between Hong Kong residents and visitors from mainland China will not be tolerated, the city's leader said Monday as he confirmed a limit on the number of visits which mainlanders can make.
Hong Kong retailers' sales in January were the lowest since 2003 and revenue growth this year will likely be the slowest in at least four years, hit by a drop in visitors from the mainland.
Hong Kong retail sales in January slid 14.6 percent from a year earlier in their worst showing since the Asian financial hub was routed by the severe acute respiratory syndrome scare in 2003.
Increasing civil unrest in Hong Kong is scaring off Chinese tourists, heaping further pressure on retailers which are already grappling with a protracted slowdown in sales.
Hong Kong's frenetic Causeway Bay shopping district is at risk of losing its crown as the world's most expensive retail space as a slowdown in mainland tourists hits store sales, paving the way for the first drop in r...