Hong Kong Retail Sales Slump Amid Protests

The video discusses the impact of protests in Hong Kong starting in June, which have significantly affected retail and tourism. Retail numbers dropped by 6.7% in June, compounded by the trade war's impact. Tourism has also declined, with fewer mainland visitors affecting luxury stores. Luxury brands like Prada and Lux Eden report challenges in Hong Kong, but hope remains as Chinese consumers may continue purchasing luxury goods domestically.

What was the percentage decline in retail sales in Hong Kong in June due to the protests?

• 10.1%

• 4.5%

• 6.7%

• 8.2%

What additional factor, besides the protests, contributed to the decline in Hong Kong's retail sector?

• Natural disasters

• Trade war

• Currency devaluation

• Political elections

By what percentage range has tourism decreased in Hong Kong according to the Retail Management Association?

• 20 to 30%

• 10 to 20%

• 30 to 50%

• 50 to 70%

Which sector is facing challenges due to the Hong Kong protests, as mentioned in the transcript?

• Healthcare

• Automobile

• Luxury brands

• Technology

What is the hope for luxury brands amidst the challenges in Hong Kong?

• Expansion to new markets

• Government subsidies

• Increase in local tourism

• Continued domestic purchases by Chinese consumers