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1.Market Observations, 8.Was Sticky

11 Feb 2020 (AFR,Bloomberg) – Virus Scare Empties Malls on World’s Priciest Shopping Strip

(11 February 2020, AFR, p35, Bloomberg, By )

‘In an almost deserted mall, the few shoppers hurry past wearing face masks. In the luxury stores, sales assistants, also in masks, outnumber customers — if they have any at all. To pass the time, staff chat with each other or play with their phones. This isn’t a scene from some dystopian movie. Instead, it’s Tuesday afternoon in Hong Kong’s usually bustling Times Square, a 17-floor mega-mall in the heart of Causeway Bay, home to the world’s most-expensive retail strip. The stylish displays of Gucci and Louis Vuitton advertisements usually compete for the attention of wealthy Chinese tourists, who until early last year swarmed the city for quick shopping expeditions. Now, no more.’


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