The Occupy Central protests cut deeply into retailers’ sales during Golden Week, the Hong Kong Retail Management Association HKRMA said on Monday night.
Fashion retailers saw sales fall between 30% and 50% from the same period last year, while department stores and supermarkets saw declines of 10% to 60% and small- and medium-sized enterprises up to 80%.
“We are very disappointed at the sales results. For retailers it is difficult to operate with a 30% drop in sales on a continuing basis,” Caroline Mak, chairman of the HKRMA, told reporters on a telephone conference call. HKRMA is one of Hong Kong's main industry lobby groups.
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