Hong Kong's luxury retail landscape is about to get a serious shake-up. And this time, it's not just about handbags and haute couture. Just a few years ago, the landscape looked very different. During and immediately after COVID, Hong Kong's retail industry was in a deep slump. Consumer confidence was weak, clothing and footwear sales were down, over 300 retail shops closed in the first half of 2025 alone, and the overall retail closure rate hit 11.4% — the highest since the