Hong Kong consumers go on revenge spending spree

But it may not be enough to save F&B sector, among the worst hit by anti-virus measures

Above: People in face masks out and about in Hong Kong's Tsim Sha Tsui on Sept 11. The city has doubled the number of people allowed to gather in public, and reopened sports venues. Left: Shoppers at a mall in Hong Kong two Fridays ago. PHOTOS: BLOOM
People in face masks out and about in Hong Kong's Tsim Sha Tsui on Sept 11. The city has doubled the number of people allowed to gather in public, and reopened sports venues. PHOTO: BLOOMBERG
Sales at K11 Musea jumped by a factor of seven.
Sales at K11 Musea jumped by a factor of seven.PHOTO: K11 GROUP

Hong Kong residents have gone on a spending spree after two months of being cooped up at home, although it is not clear if this will be enough of a lifeline to the retail and food and beverage (F&B) sector which remains among the worst hit by the Covid-19 pandemic.

Sales at K11 Musea, located in Tsim Sha Tsui, jumped by a factor of seven last weekend compared to two weeks ago before the gradual easing of anti-pandemic measures.

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A version of this article appeared in the print edition of The Straits Times on September 24, 2020, with the headline 'HK consumers go on revenge spending spree'. Print Edition | Subscribe