https://www.scmp.com/rss/500598/feed Lawrence Wan is the senior director for advisory & transaction services in retail for CBRE Hong Kong en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com The temperature has dropped, and the retail sector is suffering from further headwinds in Hong Kong, the outbreak of novel coronavirus being its latest challenge. Store owners are finding ways to stay warm amid the current adverse climate, where visitor arrivals and overall consumption have deteriorated. But it is not enough to simply wait it out. Over the past few months, we have seen cases of local pharmacies, larger food and beverage outlets and fashion chains abandoning their leases.... https://www.scmp.com/business/article/3048876/hong-kongs-retail-industry-overcome-challenges-posed-protests-coronavirus?utm_source=rss_feed https://www.scmp.com/business/article/3048876/hong-kongs-retail-industry-overcome-challenges-posed-protests-coronavirus?utm_source=rss_feed Tue, 04 Feb 2020 05:00:12 +0000 What are the opportunities for bricks-and-mortar stores in a digital era? The answers may be in aesthetic retail space where people can wander and interact with others. The retail market in Hong Kong has undergone numerous stages in the past five years. It peaked in 2013/14, where rents in core districts such as Causeway Bay’s Russell Street surpassing thousands per square foot. Then it was the downturn from 2015 to 2017 when government introduced measures to curb travellers from mainland China,... https://www.scmp.com/property/hong-kong-china/article/3007214/quality-retail-space-new-frontier-consumers-look-beyond?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/3007214/quality-retail-space-new-frontier-consumers-look-beyond?utm_source=rss_feed Tue, 23 Apr 2019 04:00:05 +0000