BELLE Will Withdraw From The Hongkong Market And Hongkong Will Continue Its Business.

International brands

The last official closing of a store in Tseung Kwan O meant that the brand began to withdraw completely.

Market.

According to statistics, there are 7 branches in BeLLE Hongkong, and 4 stores that have been confirmed closed are Mongkok Langhao square, Kwai Fong new city shopping centre, Tsuen Wan Tsuen Wan Plaza, Tsim Sha Tsui and Hong Kong City.

Among them, Tsim Sha Tsui China port BeLLE City store in the first half of the year converted into another BELLE self brand Millies.

Fashion retailing is sluggish, and Hongkong is closing down.

Some time ago

It announced the closure of its flagship store in central. In early August, tiger Heuer also closed its flagship store on Russell street in Hongkong.

It is reported that the latest statistics on retail sales are released by the statistics office of the Hongkong Special Administrative Region. In July, the value of total retail sales in Hongkong was estimated at HK $37 billion 600 million, down 2.8% from the same period in 2014.

Before, the current situation of Hongkong's retail industry declining has been repeatedly proved by data and facts.

According to the latest quarterly results of the latest luxury brands, the Hongkong market has become a headache market. Burberry said that the Hongkong market was not showing signs of improvement at present, so the group issued an early warning in May.

The Hermes group also called Hongkong and Macao still under "difficult circumstances".

Some analysts said that Hongkong is losing the status of Asian luxury center. LV, Gucci, Prada and so on will continue to close stores. There is no doubt that this effect has begun to ferment, and Duplaix, chief financial officer of Kai Yun group, said in the latest quarterly earnings report that Kai Yun group is still in the process of renegotiation of rents. If the landlord can not provide better conditions, the company will consider Gucci to withdraw from Hongkong shops.

According to reports, Hongkong's retail figures fell for five consecutive months. The chairman of the Hongkong Retail Management Association, Mai leiqiao, said that the decrease in tourists led to a fall in consumption. The retail industry had already seen the phenomenon of rent reduction and staff reduction. Fang Gang, a wholesale and retail member of the Legislative Council, described the current economic environment as "worse than SARS (SARS)" and hoped that the landlords would be willing to reduce their rent and tide over difficulties with the industry.

According to reports, Mai rye June 5 said that the number of mainland tourists decreased, the operating costs of rental and remuneration increased, and the impact of exchange rate, pushing local retail sales down.

She also believes that the retail industry will shrink, but the general public will not feel it for the time being. But there are about 700000 working population in retail, wholesale and tourism. If the economy is not good enough, the consumption pattern of the public will return to the basic consumption.

The Hongkong industry pointed out that the devaluation of the renminbi and the fluctuation of the mainland stock market all had an impact. Moreover, the "impolite" action of the anti cargo passengers made the mainland customers dissatisfied. The government should urge the government to take severe measures to stop it and apologize to the mainland for the relevant acts, indicating that the Hong Kong people welcome the mainland customers.