Hong Kong protests, coronavirus see Prada, Tissot make way for cheap phone store paying 6 per cent of the rent in world’s most expensive shopping street

For years it was the world’s most expensive shopping street, overshadowing anything Paris or London had to offer, its pavements brimming with shoppers hunting for Prada bags, Chanel perfumes and Blancpain watches.But Russell Street, in Hong Kong’s bustling Causeway Bay, has lost its lustre – and a lot of its high-end tenants. The luxury fashion houses are slowly making way for more humble retailers.One shop that used to house the Swiss watch maker Tissot is now home to a mobile phone…

from South China Morning Post https://www.scmp.com/business/article/3089294/hong-kong-protests-coronavirus-see-prada-tissot-make-way-cheap-phone-store