Protests In Hong Kong Impacting Luxury Sales During Golden Week
During Golden Week. a national holiday in China. retailers in Hong Kong typically generate about 40 percent to 60 percent of their October sales original buy canada goose jacket upper canada mall 2015 . Business of Fashion reported. But that's not likely to happen this time around with demonstrators occupying shopping areas from Causeway Bay to Tsim Sha Tsui. making it difficult to catch a cab or bus and causing stores to shut their doors.
"Golden Week is quite an important week for mainland tourists to come to Hong Kong. " Julian Evans-Pritchard buy canada goose jacket upper canada mall 2015 . China economist for Capital Economics Ltd. in Singapore. told Business of Fashion buy canada goose jacket upper canada mall 2015 buy .
"The protests are putting a lot of mainland tourists off from coming to Hong Kong. "
These protests have created an "increasingly adverse trading development in Hong Kong as arrivals from mainland China plummet and disruptions keep locals away from stores. The escalation in Hong Kong deserves full investor attention. " Luca Solca. an analyst at Exane BNP Paribas. told Business of Fashion, discount service canada goose bay .
"Luxury goods players depend very significantly from sales in Hong Kong buy canada goose jacket upper canada mall 2015 . Major megabrands like Gucci have 10 percent of global sales there. and Compagnie Financière Richemont said they have 17 percent of sales in Hong Kong inexpensive buy canada goose jacket upper canada mall 2015 . " Solca added in a note that was published Monday buy canada goose jacket upper canada mall 2015 .
The protests in Hong Kong. which began last week. call for the city's leader. Leung Chun-ying, real canada goose pink trillium . to step down buy canada goose jacket upper canada mall 2015 discount . Protesters are upset by an announcement that China plans to pre-screen candidates for the election of Hong Kong's next leader discount canada goose parka outletstore in montreal .
According to WWD, canada goose trillium extra small online store . at a press conference on Tuesday canada goose rundle bomber on sale . Hong Kong chief executive CY Leung said that the protests could "last for quite a long period of time canada goose oslo store . "
Keep checking back with us as this story develops. In the meantime. weigh in on the situation in the comment section below discount canada goose jackets toronto retailers .
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