Virus May Impact Retail in a Positive Way, Says G.O.D. CEO

The video discusses the severe impact of the Hong Kong protests and the pandemic on businesses, particularly for geodi. It highlights the adaptation strategies employed, such as staff working from home and negotiating with landlords. The easing of restrictions by Carrie Lam is seen as a potential benefit, but the focus has shifted to local consumption due to reduced tourism. The company has adapted its business model to cater to local shoppers, with a positive response from the community.

What was the initial impact of the Hong Kong protests on the business?

• The business experienced no change.

• It was described as a life and death situation.

• The business expanded rapidly.

• It led to a significant increase in sales.

How did the business adapt to the challenges posed by the protests and pandemic?

• By increasing staff salaries.

• By hiring more employees.

• By agreeing to no pay and working from home.

• By opening new stores.

What role did landlords play during the protests and pandemic?

• They were unsympathetic and unhelpful.

• They provided some relief by reducing rent.

• They increased the rent significantly.

• They forced the business to close down.

What percentage of the business's revenue comes from overseas visitors?

• 60%

• 10%

• 25%

• 40%

How has local consumer behavior changed during the pandemic?

• There is less support for local businesses.

• Local businesses are being supported more by Hong Kong people.

• People are buying more from international brands.

• There is no change in consumer behavior.