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Written by: Ouyang Dehao
2020-08-13 08:00
Last update date: 2020-08-13 08:00The new crown pneumonia epidemic in Hong Kong has lasted for more than half a year, the tourism industry has stagnated and the retail industry has been hit hard. Mong Kok and Causeway Bay used to be shopping paradise for free travel. The streets were lined with pharmacies, fashion stores, and sports shoes shops. However, due to the epidemic, many shops closed down one after another, and the traffic on the streets on weekends was no longer busy.
A clerk in a bulk yard pointed out that there were a large number of cold night shops selling cheap goods in Hong Kong in the 1970s, thinking that it is like returning to the past. People who go shopping in Mong Kok said that the types of stores in Hong Kong are the same. They believe that reducing chain stores, gold shops and pharmacies can help young people start businesses.
With the declining demand for shops, short-term lease shops have sprung up, mainly home-goods grocery stores and electronic products. (Photo by Ouyang Dehao)
Affected by the epidemic, Lockhart Road and Jaffe Road in Causeway Bay are the hardest hit areas. There are more than 30 auspicious shops. However, on the other side of Hysan Avenue, there are still many famous shops. Russell Street, which has the most expensive rent in the world, has not closed down watches and jewelry stores. There are only two jishops on the street. The number of lucky shops in Mong Kok has also continued to increase. There are 12 and 4 lucky shops on Sai Yeung Choi Street and Sports Shoes Street respectively. With the declining demand for shops, short-term lease shops have sprung up, mainly home-goods grocery stores and electronic products.
According to the website of Centaline (Industrial and Commercial), two ground shops in Tung Choi Street, Mong Kok, have been successfully leased out recently. One ground shop has an area of about 1,000 square feet, the rent is 128,000 yuan, and the price is 128 yuan per square foot. 1,200 square feet, the rent is only 83,000 yuan. Liang Weijie, sales director of some districts of Zhongyuan (Industrial and Commercial) shops, stated on the website of Zhongyuan that in the past, the rents of shops in the core areas were high, but recently, as many brands have reduced their scales and even withdrew their rents, shop rentals are inevitable as a result of the increase in auspicious shops. Lower demand. At the same time, tenants also tend to be conservative in their mentality, which has made more flexible short-term rentals more popular. Landlords accept short-term rentals to avoid leaving their shops empty for too long. The expansion of the landlord’s room for negotiation has attracted some tenants to settle down in high-quality areas for trial operations, resulting in a gradual increase in short-term rental cases.
The clerk expects the bulk yard to have 5,000 yuan in business on weekends
A new bulk yard specializing in potted plants and tableware was opened on Lockhart Road, Causeway Bay. The price of the goods is about 5 to 20 yuan. The clerk, Ms. Gao, revealed that the shop has an area of less than 1,000 square feet. However, the first-hand fashion store has to pay 180,000 yuan a month for rent. "How many shirts do you want to sell before paying the rent?" Renting business depends on the sale of products in different locations. The current lease term is two months, and there are about 5,000 yuan in business on weekends. However, after deducting costs such as wages and rent, it is estimated that only a small profit will be made.
Some bulk yard clerk believes that more and more shops are making money with small profits but quick turnover. Hong Kong is like returning to the economic model of the 1970s. (Photo by Ouyang Dehao)
The owner of a video and audio store worked as a clerk after graduation: Do you have an ideal in Hong Kong?
A pharmacy at Sai Yeung Choi Street in Mong Kok was immediately replaced by a bulk market after it closed. The clerk pointed out that the bulk yard has been open for about two months, and customers mainly buy anti-epidemic supplies such as face masks and mask boxes. He believes that more and more shops are making money with small profits but quick turnover. This means that in the 1970s, there were also a large number of cold shops selling cheap goods. Hong Kong is now like returning to the economic model of the year, except that the name of the cold shops is changed to a bulk market. .
He also revealed that he opened a nostalgic audio-visual store in Prince Edward two years ago, hoping to promote Hong Kong’s old movies. However, Hong Kong people no longer pay attention to entertainment in recent years, but only pay attention to people’s livelihood. They finally closed down under the economic downturn last year and had no choice but to move to As a clerk in a retail store, he exclaimed, "Is there an ideal in Hong Kong?"
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Citizens say reshuffle will help young people develop
Mr. Wang, a citizen who does not want to be photographed and accompanies his wife to go shopping on the street, said that it took 45 minutes to drive from East Kowloon to Mong Kok in the past, and it only took 15 minutes to get there recently. He believes that the smooth driving reflects the economic downturn in Hong Kong. His wife said that the types of stores in Hong Kong are the same, and that reducing chain stores, gold shops and pharmacies is a bad thing, and reshuffling can help young people start businesses. She continued that when the elderly also learn to shop online, it is only natural that pharmacies and other stores will close down one after another. "Is there a brand near the house, and when I go out, I have another brand. Why do I need to buy it downstairs?"
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