Landscape at Dawn and Dusk

Landscape at Dawn and Dusk
Flanerie Barcelona: Pathways at Dawn and Dusk © Maryhelen Jones-Raciti

Sunday, September 11, 2016

Walk Number 24: Hong Kong's Swiss Watch Market Eclipsed by US (September 11, 2016)

Take a walk along Hong Kong's Causeway Bay which used to be one of the most expensive shopping districts in terms of rents -- it's slowly losing its clientele. In the past, Hong Kong has been called by the international Financial/Lux Press Corps, China's "Great Mall." Well, that's changed as of last week when it comes to its retailing share of the the Swiss watch market.

Today, the Financial Times' South China correspondent Ben Bland reported that "the Chinese Territory was overtaken by the US as the world's biggest market for Swiss watches after eight years in the top spot." The displacement news for Hong Kong came just before the beginning of the Hong Kong Watch & Clock Fair which ran for a week and ended yesterday.