HONG KONG — Debate over a controversial proposal to curb the number of Mainland tourists was already tense with concerns that any cut would hurt the retail sector and put a dent in the economy. Now new figures show retailers have every reason to be concerned, especially those in the jewelry, watch and luxury goods market.
Hong Kong’s retail sector has evolved over the last decade to accommodate the cash-rich Mainland shoppers who have been arriving in increasing numbers. Of the 54 million tourists that came to Hong Kong last year, more than 40 million were from the Mainland.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"