VMSD - October 2016 - 8
THE
GOODS
E S B P R O F E S S I O N AL /S H UT T E R S T O C K
edited by Jennifer Acevedo
TWO-MINUTE TOUR:
Hong Kong
The Numbers
With nearly 7 million-plus people living
within its borders, Hong Kong Special
Administrative Region (SAR) in the People's
Republic of China is an incredibly dense
place. In fact, the city, which had been under
British rule until 1997, earned the spot as
the world's fourth most densely packed
place, according to Countrydigest.org. Hong
Kong's 426-square-mile area - made up of
various islands, the Kowloon Peninsula,
The New Territories and Hong Kong Island
- boasts 16,873 people per square mile,
according to a 2015 report from the United
Nations' World Population Prospects.
The Pulse
Because of that density, Hong Kong is a vertical city, with countless sparkling skyscrapers making up its cityscape. The 118-floor
International Commerce Centre is the tall-
8
OCTOBER 2016
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VMSD.COM
est building in Hong Kong and houses office
space, a swanky Ritz-Carlton hotel and the
sky100 Hong Kong Observation Deck which
offers 360-degree views of Victoria Harbour.
Even with its grand skyline and bustling
image, Hong Kong's free-market, serviceoriented economy has faced challenges
lately - its growth has slowed to 1.2 percent
year-on-year in the first half of 2016, according to research by the Hong Kong Trade
Development Council (HKTDC).
The Hotspots
"Hong Kong's Lan Kwai Fong and SoHo
(South of Hollywood Road) [districts] have
been famous must-go places for years, with
the increase of new expats and Westernized
culture," says Billy Ip, principal and regional
retail design director of global design and
consulting firm Woods Bagot (Hong Kong).
Within the Pacific Place shopping and
entertainment mecca, located in the Admiralty region, are the pedigreed likes of Yves
Saint Laurent, Chanel, Hermès and the first
flagship of beauty brand La Mer. Hop over
Victoria Harbour to Tsim Sha Tsui in Kowloon for a mix of equally luxe labels as well
as fashions from local up-and-comers.
Obstacles/Opportunities
Despite the vast shopping opportunities,
retail sales continue to fall - according to the
HKTDC, the value of retail sales has dropped
by 10.5 percent year-on-year between January and July 2016 due to a decline in tourism.
Ip notes that rental prices are still the major
obstacle for retailers and restaurants to survive. Additionally, political tensions between
Hong Kong and China have increased,
which a recent Associated Press article in The
China Post explains could "hurt economic
growth." -Lauren Mang
http://www.Countrydigest.org
http://www.VMSD.COM
Table of Contents for the Digital Edition of VMSD - October 2016
Vmsd - October 2016
Contents
From the Editor
Vmsd Editorial Advisory Board
The Goods
Next Store
Mexico City’s Iron Palace
Battle of the Behemoths
Big Bang
Remaining Relevant to a Disruptive Audience
Hello, Cleveland!
Showroom
Showroom
Ad Index
Checking Out
VMSD - October 2016 - Intro
VMSD - October 2016 - BB1
VMSD - October 2016 - BB2
VMSD - October 2016 - Vmsd - October 2016
VMSD - October 2016 - Cover2
VMSD - October 2016 - 1
VMSD - October 2016 - Contents
VMSD - October 2016 - 3
VMSD - October 2016 - From the Editor
VMSD - October 2016 - 5
VMSD - October 2016 - Vmsd Editorial Advisory Board
VMSD - October 2016 - 7
VMSD - October 2016 - The Goods
VMSD - October 2016 - 9
VMSD - October 2016 - 10
VMSD - October 2016 - 11
VMSD - October 2016 - 12
VMSD - October 2016 - 13
VMSD - October 2016 - Next Store
VMSD - October 2016 - 15
VMSD - October 2016 - 16
VMSD - October 2016 - 17
VMSD - October 2016 - 18
VMSD - October 2016 - Mexico City’s Iron Palace
VMSD - October 2016 - 20
VMSD - October 2016 - 21
VMSD - October 2016 - Battle of the Behemoths
VMSD - October 2016 - 23
VMSD - October 2016 - 24
VMSD - October 2016 - 25
VMSD - October 2016 - Big Bang
VMSD - October 2016 - 27
VMSD - October 2016 - 28
VMSD - October 2016 - 29
VMSD - October 2016 - Remaining Relevant to a Disruptive Audience
VMSD - October 2016 - 31
VMSD - October 2016 - 32
VMSD - October 2016 - 33
VMSD - October 2016 - Hello, Cleveland!
VMSD - October 2016 - 35
VMSD - October 2016 - 36
VMSD - October 2016 - 37
VMSD - October 2016 - 38
VMSD - October 2016 - 39
VMSD - October 2016 - 40
VMSD - October 2016 - Showroom
VMSD - October 2016 - 42
VMSD - October 2016 - 43
VMSD - October 2016 - 44
VMSD - October 2016 - 45
VMSD - October 2016 - 46
VMSD - October 2016 - Showroom
VMSD - October 2016 - 48
VMSD - October 2016 - 49
VMSD - October 2016 - 50
VMSD - October 2016 - 51
VMSD - October 2016 - 52
VMSD - October 2016 - 53
VMSD - October 2016 - Ad Index
VMSD - October 2016 - 55
VMSD - October 2016 - Checking Out
VMSD - October 2016 - Cover3
VMSD - October 2016 - Cover4
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