Hong Kong restaurants to remain in ‘survival of the fittest’ mode, analysts say

Hong Kong restaurants to remain in ‘survival of the fittest’ mode, analysts say

Tenant churn in retail properties in Hong Kong will continue in coming months, as prominent restaurants close but affordable eateries and fast-food chains thrive amid economic uncertainty and job insecurity among local residents, analysts said. Hong Kong’s food and beverage (F&B) operators have taken a hit during the ongoing economic slump, which shrank retail sales…

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Hong Kong economy’s ‘mixed signals’ portend retail-sector ‘turbulence’, analysts say

Hong Kong economy’s ‘mixed signals’ portend retail-sector ‘turbulence’, analysts say

Hong Kong’s retail industry will experience mixed fortunes in coming months, as rising unemployment threatens to dent consumer spending even as the economy and household incomes improve and tourist numbers surge, according to CBRE. “Right now, there is positive news and negative news in the market,” said Lawrence Wan, senior director and head of advisory…

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Hong Kong economy’s ‘mixed signals’ portend retail-sector ‘turbulence’, analysts say

Hong Kong economy’s ‘mixed signals’ portend retail-sector ‘turbulence’, analysts say

Hong Kong’s retail industry will experience mixed fortunes in coming months, as rising unemployment threatens to dent consumer spending even as the economy and household incomes improve and tourist numbers surge, according to CBRE. “Right now, there is positive news and negative news in the market,” said Lawrence Wan, senior director and head of advisory…

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