People wearing protective masks ride on escalators at the Hysan Place shopping mall in Causeway Bay shopping district in Hong Kong. Photo: Bloomberg

Cracks in Hong Kong’s retail industry widen as Dickson Concepts groans, MTR and Hysan extend rent concessions amid slump in tourist arrivals

  • Dickson Concepts to cut the salaries of employees and executive directors, affecting about 40 per cent of its staff
  • MTR Corp lowers rents by half on all its properties at railway station, shopping centres, while Hysan offers ‘meaningful concessions’
Topic |   Hong Kong property

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People wearing protective masks ride on escalators at the Hysan Place shopping mall in Causeway Bay shopping district in Hong Kong. Photo: Bloomberg
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