Coach opened its four-storey shop in Central to great fanfare, but quietly closed it this year. Adidas is moving in. Photo: Bloomberg

Hello Kitty, farewell Rolex as Hong Kong shoppers go downmarket

Luxury-goods retailers hit by drop in Chinese visitors and tourist spending making way for cosmetics and sports-shoe stores in some of city’s priciest shopping streets

Topic |   Chinese tourists

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Coach opened its four-storey shop in Central to great fanfare, but quietly closed it this year. Adidas is moving in. Photo: Bloomberg
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