Hong Kong Retail Sales Slump Amid Protests
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Business
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University
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Hard
Wayground Content
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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.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What did Carrie Lam say about the outlook for the year in relation to the protests?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the remaining hope for luxury brands in light of the situation in Hong Kong?
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