Hong Kong Fashion Store Operator Says Situation Is 'Really Bad'

The transcript discusses the impact of protests on a business in Hong Kong, highlighting a significant downturn in performance since June. The business faces financial challenges, negotiating with landlords and trying to avoid layoffs. The relationship between landlords and tenants is crucial, and government stimulus is seen as insufficient. The speaker is optimistic about Hong Kong's resilience, comparing the current crisis to past challenges. The business caters to both locals and visitors, with a significant portion of its revenue from overseas customers, which has been affected by the protests.

What was the business growth like before the protests began in June?

• It was slightly increasing.

• It was stagnant.

• It was experiencing double-digit growth.

• It was declining steadily.

What measures is the company taking to avoid layoffs?

• Hiring more staff

• Reducing working hours

• Implementing unpaid leave and voluntary holidays

• Increasing product prices

What is the relationship between landlords and tenants according to the discussion?

• Landlords have no impact on tenants.

• Tenants can easily replace landlords.

• They are interdependent.

• They are completely independent.

What percentage of the company's customers are locals?

• 60%

• 50%

• 40%

• 70%

How much of the company's business is dependent on overseas visitors?

• 40%

• 50%

• 20%

• 30%

What is the company's main concern regarding the upcoming Christmas season?

• Lack of products

• Increased competition

• Low customer turnout

• High operational costs

What is the company's strategy to deal with reduced footfall from mainland China?

• Reduce product prices

• Focus on international markets

• Increase marketing efforts

• Cater more to local customers