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Hello Kitty, Farewell Rolex as Hong Kong Shoppers Go Downmarket

As Gucci, Louis Vuitton and jewelry chain Chow Tai Fook Jewelry Group Ltd. bargain for lower rents or close stores amid a decline in mainland tourists, mid-tier retailers are filling the gaps.
Causeway Bay, Hong Kong | Source: Shutterstock
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  • Bloomberg

HONG KONG, China

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