"Occupy" protests slash HK retail sales

Disruption from pro-democracy movement cuts Golden Week turnover by up to 60%, according to the Hong Kong Retail Management Association.
A CSS store on Nathan Road (Sunday).
A CSS store on Nathan Road (Sunday).

The Occupy Central protests cut deeply into retailers’ sales during Golden Week, the Hong Kong Retail Management Association HKRMA said on Monday night.

Fashion retailers saw sales fall between 30% and 50% from the same period last year, while department stores and supermarkets saw declines of 10% to 60% and small- and medium-sized enterprises up to 80%.

“We are very disappointed at the sales results. For retailers it is difficult to operate with a 30% drop in sales on a continuing basis,” Caroline Mak, chairman of the HKRMA, told reporters on a telephone conference call. HKRMA is one of Hong Kong's main industry lobby groups.

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