High-end sellers in Hong Kong (MAGOF.PK, COH, TIF, RL, BURBY.PK, KORS, GUCG.PK) saw an influx of...
High-end sellers in Hong Kong (MAGOF.PK, COH, TIF, RL, BURBY.PK, KORS, GUCG.PK) saw an influx of traffic during the three-day May Day holiday which could help boost sales totals for the quarter. According to the Hong Kong Tourism Board, the number of mainlanders trekking over to Hong Kong jumped 50% Y/Y during the period. A stronger yuan might be motivating more Chinese consumers to hunt for lower prices in Hong Kong.
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