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Hong Kong group says retail traffic has dropped 40% from Dec

Hong Kong group says retail traffic has dropped 40% from Dec
Hong Kong group says retail traffic has dropped 40% from Dec   -   Copyright  Thomson Reuters 2022
By Reuters

HONGKONG – The Hong Kong Retail Management Association said on Thursday retail traffic in the global financial hub has dropped 40% from December as a surge in coronavirus cases and tighter restrictions batter the sector.

The association, which represents around 9,000 retail outlets and employs over half of the local retail workforce, also urged developers to offer rental concessions to businesses.