Analysts predict mixed sales results for holidays for the retail industry in Hong Kong, in particular this affects luxury brands, the investment portal Seeking Alpha reports with reference to the Women's Wear Daily website.
Among the luxury brands that opened stores in Hong Kong specifically for entering the Chinese market, names such as Tiffany, Gucci, Prada, Louis Vuitton, Coach, Ralph Lauren, Michael Kors, Swatch and Burberry. Experts note that there are certain concerns about the luxury sector. In particular, the lowered consumer confidence index.
Other factors that have a negative impact on Hong Kong's tourism market are the cheaper yuan and the anti-corruption company that the authorities in Beijing launched.
Nevertheless, analysts say that the attenuation of demonstrations in the region will allow the mass retail market to maintain its level.