Hermes Has Had A Bad Market In Hongkong And Macao.

BELLE International's own brand BeLLE recently closed its last store in Tseung Kwan O, meaning that the brand began to withdraw from the Hongkong market.

According to statistics, there are 7 branches in BeLLE Hongkong, and 4 stores that have been confirmed closed are Mongkok Langhao square, Kwai Fong new city shopping centre, Tsuen Wan Tsuen Wan Plaza, Tsim Sha Tsui and Hong Kong City.

Among them, Tsim Sha Tsui China port BeLLE City store in the first half of the year converted into another BELLE self brand Millies.

The devaluation of the renminbi and the fluctuation of the mainland stock market all have an impact. Coupled with the "impolite" action of the anti cargo passengers, the mainland customers are dissatisfied. The government should urge the government to take severe measures to stop it and apologize to the mainland for the relevant acts, indicating that the Hong Kong people welcome the mainland customers.

Hongkong is losing its Asian luxury center as LV, Gucci, Prada and so on. No doubt that the effect has begun to ferment, and CFO Duplaix, the CFO, said in the latest quarterly earnings that the open cloud group is still renewing the rents. If the landlord can't provide better conditions, the company will consider Gucci out of the Hongkong store.

Coach announced early closure of the flagship store in central. In early August, tiger Heuer also closed its flagship store in Russell street in Hongkong.

Yesterday, from the Xinhua news agency, the statistics office of the Hongkong special administrative region issued the latest retail sales figures in Hongkong, July.

The value of total sales is estimated at HK $37 billion 600 million, down 2.8% from the same period in 2014.

Before, the current situation of Hongkong's retail industry declining has been repeatedly proved by data and facts.

According to the latest quarterly results of the latest luxury brands, the Hongkong market has become a headache market. Burberry said that the Hongkong market was not showing signs of improvement at present, so the group issued an early warning in May.

The Hermes group also called Hongkong and Macao still under "difficult circumstances".

Retail figures fell for five consecutive months.

Chairman mairei Hung said that the reduction of tourists led to the decline in consumption, and the retail industry had already seen the phenomenon of rent reduction and staff reduction. Fang Gang, a wholesale and retail member of the Legislative Council, described the current economic environment as "SARS (SARS)".

According to reports, Mai JE Hung said on the radio program 5 days that the number of mainland tourists was reduced, the operating costs of rental and remuneration increased, and the impact of exchange rate, pushing local retail sales down.

She also believes that the retail industry will shrink, but the general public will not feel it for the time being. But there are about 700000 working population in retail, wholesale and tourism. If the economy is not good enough, the consumption pattern of the public will return to the basic consumption.