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Abercrombie & Fitch to Close Flagship Store in Hong Kong

Nov 20, 2016 08:31 AM EST

Another US clothing brand will be closing its store in Hong Kong due to the dwindling retail sales and the decreasing number of shoppers from mainland China. Casual wear fashion chain Abercrombie & Fitch announced this week that it will close its only flagship store in Central early next year.

China saw an upsurge of retail sales during Spring Festival holiday

China's Retail Sales Jumped 11.2 Percent During Spring Festival This Year

Charissa Echavez |

Feb 15, 2016 11:22 AM EST

China's retail sales increased by 11.2 percent during the recent Spring Festival holiday, compared with the same holiday period last year, with movie tickets leading to a steep increase in box office sales, according to a statement by the Ministry of Commerce on Saturday.