Hong Kong Counts Cost of Protests on Core Shopping Districts

A jewelry store at a road occupied by pro-democracy protesters in Hong Kong | Source: Reuters

Hong Kong is expected to report a drop in October retail sales on Monday, providing the first broad look at the impact of pro-democracy protests on core shopping areas after demonstrators blocked key roads and scared off mainland Chinese tourists.

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Hong Kong Protests Impact Golden Week Luxury Sales

Protesters occupy the road in Admiralty, Hong Kong | Source: Shutterstock

Imagine a Christmas shopping season with closed stores and customers stranded because cabs are nowhere in sight. For retailers of Fendi bags and Rolex watches in Hong Kong, pro-democracy protests wreak havoc during one of the busiest times of the year, the China National Day holidays known as Golden Week.

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