THE WHAT? Harvey Nichols has announced that it will close its Hong Kong Central store in March next year. The 60,000 square foot space was opened in 2005.
THE DETAILS Dickson Concepts, owner of the department store chain, is thought to pay some US$1.57 million in rent per month to lease the five-storey space, according to a report published by Apparel Resources.
THE WHY? With Hong Kong still struggling to recover from its stringent Covid-restrictions and Chinese visitor numbers subdued, the department store is no longer viable, Apparel Resources reports.