Scores of people dressed in black, chant slogans outside a Chow Tai Fook store in MOKO shopping centre in Mong Kok during a protest on Boxing Day in Hong Kong. Photo: Nora Tam

Chow Tai Fook, Sa Sa to shut protest-hit stores in signs Hong Kong’s retail slump to persist in 2020

  • Jewellery retailer plans to close about a fifth of stores in Hong Kong’s protest-hit tourist districts to focus on growing the mainland China market
  • Sa Sa cosmetics chain to shutter 20 to 25 per cent of stores in the next 18 months, a ‘damning verdict’ on retail sales outlook amid political uncertainty
Topic |   Retailing
Scores of people dressed in black, chant slogans outside a Chow Tai Fook store in MOKO shopping centre in Mong Kok during a protest on Boxing Day in Hong Kong. Photo: Nora Tam
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