Sales fell 23.6% from 2018 to USD 3.85 billion, according to government data. It was the tenth consecutive month of declines and compared with a revised 24.4% drop in October, which was the steepest on record.
Tourist arrivals in Hong Kong plunged 55.9% year-on-year in November, the steepest fall since May 2003, when the city was hit by an outbreak of severe acute respiratory syndrome (SARS). High-end retailers who rely heavily on mainland Chinese spending have been particularly hard hit.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now