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Hong Kong retailers stage unprecedented strike

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Christian Fernsby ▼ | February 18, 2020
Fifty retailers shut their fashion outlets, restaurants and cafes in Hong Kong today in an unprecedented strike to demand rental cuts.
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Business in Hong Kong   Hong Kong store
Confectioner Lady M, the French sportswear brand Lacoste distributed by Crocodile and Singapore’s fashion brand Club 21 are among nearly 200 shops that have declared a “no business” day across 14 shopping centres in Hong Kong.

Topics: Hong Kong retail strike

Some of the shops said they would be shut for 24 hours, while others announced temporary closures without stating a time limit.

“The last seven months of losses have become unbearable for many of us,” said Ashley Micklewright, president and chief executive at Bluebell Group, a distributor of luxury brands including Moschino, Davidoff and Anya Hindmarch.

“The impact on the business and traffic is far worse than anything we have ever experienced.”