Watsons closes shop in Tsim Sha Tsui after 20 years in latest sign of Hong Kong retail sector’s struggle to survive coronavirus pandemic

Personal health care chain Watsons said it will close its shop in one of Hong Kong’s major tourist locations on Thursday after leasing it for two decades, a sign of the retail industry’s struggle to survive a near-total absence of visitors during the pandemic.Watsons, owned by tycoon Li Ka-shing’s CK Hutchison Holdings, said the closure of its large store at Star House in Tsim Sha Tsui, a popular shopping destination, was because the pandemic had “severely affected the local economy and…

Watsons closes shop in Tsim Sha Tsui after 20 years in latest sign of Hong Kong retail sector’s struggle to survive coronavirus pandemic
Personal health care chain Watsons said it will close its shop in one of Hong Kong’s major tourist locations on Thursday after leasing it for two decades, a sign of the retail industry’s struggle to survive a near-total absence of visitors during the pandemic.Watsons, owned by tycoon Li Ka-shing’s CK Hutchison Holdings, said the closure of its large store at Star House in Tsim Sha Tsui, a popular shopping destination, was because the pandemic had “severely affected the local economy and…