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Hello Kitty, farewell Rolex, as HK shoppers go downmarket
Add BT as a preferred sourcePublished Wed, Oct 28, 2015 · 09:50 PM
Hong Kong
IN Hong Kong, fancy purses are out, sneakers are in.
US luxury handbag maker Coach Inc opened its four-story flagship store in the heart of Hong Kong's Central district to much fanfare in June 2008, with a celebrity-studded, champagne-fuelled party. In August, the company quietly terminated its HK$5.6 million (S$1 million) per month lease and Adidas is moving in - paying 23 per cent less in rent, according to Colliers International Group Inc.
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