Challenges in Hong Kong Retail Sector Intensify with 11.5% Year-on-Year Sales Decline in May

Challenges in Hong Kong Retail Sector

The retail industry in Hong Kong is facing difficulties with a sharp 11.5% year-on-year drop in sales for May.

Struggling Sector

The decline in sales highlights the challenges and economic pressures impacting the retail market in Hong Kong.

• Urgent Interventions Needed: The sector requires immediate strategic measures to address the ongoing sales slump.
• Consumer Confidence: Boosting consumer trust and spending is crucial for the sector's recovery.