In the face of slowing sales of luxury goods to mainlanders, retailers are turning cautious in their rental spending. Photo: EPA

Retailers downsize as luxury sales slump

Firms switch to a conservative approach in their expansion in HK after a change in mainlanders' spending patterns triggers slump in luxury sales

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In the face of slowing sales of luxury goods to mainlanders, retailers are turning cautious in their rental spending. Photo: EPA
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