‘Dozens’ of Hong Kong retailers may close as protests impact sales

“Dozens” of smaller Hong Kong retailers may be forced to close their doors as ongoing protests – now into their 15th week – impact trade.

The Hong Kong Retail Management Association has repeatedly been warning of critical impact on the retail sector as store owners in areas frequently hosting protests have had to shutter their shops for safety reasons.

Now, the South China Morning Post has reported that “several dozen small retailers are likely to shut shop as soon as the end of this month” because overseas shoppers have been deterred from entering Hong Kong by news of protest activity.

Alexa Chow Yee-ping, MD of AMAC Human Resources, told the SCMP her clients were considering laying off staff to keep afloat.

“It is just too hard to survive,” she told the paper, saying she feared “thousands of layoffs”.

Extracted from                  Inside Retail Hong Kong                    2019年9月18日