With the dearth of tourists amid the pandemic, Hong Kong shopping malls and retail stores had to rely on local consumption to stay afloat for most of 2020. Photo: Winson Wong With the dearth of tourists amid the pandemic, Hong Kong shopping malls and retail stores had to rely on local consumption to stay afloat for most of 2020. Photo: Winson Wong
With the dearth of tourists amid the pandemic, Hong Kong shopping malls and retail stores had to rely on local consumption to stay afloat for most of 2020. Photo: Winson Wong

Hong Kong retail sales plunge by record 24.3 per cent amid pandemic in 2020, marking worst performance since records began

  • Consumption dropped by 13.2 per cent to HK$31.4 billion in December, marking the 23rd consecutive month of contraction
  • Sales of jewellery, watches and clocks and other high-value gifts declined the most at 40.8 per cent

Topic |   Coronavirus pandemic
With the dearth of tourists amid the pandemic, Hong Kong shopping malls and retail stores had to rely on local consumption to stay afloat for most of 2020. Photo: Winson Wong With the dearth of tourists amid the pandemic, Hong Kong shopping malls and retail stores had to rely on local consumption to stay afloat for most of 2020. Photo: Winson Wong
With the dearth of tourists amid the pandemic, Hong Kong shopping malls and retail stores had to rely on local consumption to stay afloat for most of 2020. Photo: Winson Wong
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