Implications of Staff Shortages, Costs, and Currency Pressures on Hong Kong Retail Sales
Sunday, 16 June 2024, 07:46
Key Points:
The Hong Kong retail sector is projected to face a 'low double-digit sales decline' in 2021.
Industry experienced Annie Tse emphasizes the impact of staff shortages, rising operating costs, and currency pressures.
Conclusion:
Despite reaching 'rock bottom', the sector remains uncertain about its recovery prospects amidst ongoing economic challenges.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.