‘This Is The Worst On Record’: Hong Kong Faces Retail Apocalypse, Survey Says
Hong Kong is facing a veritable retail apocalypse, according to a new survey by the Hong Kong Retail Management Association.
The survey - which polled 176 retailers who together run more than 4,300 stores and account for somewhere between a fifth and a third of the sector's jobs - found that "at least" 5,600 positions will be rendered "redundant" within the next six months.
The poll was conducted from October 29 through November 22, a period that included a grievous third quarter GDP print und