Hong Kong retailers under strain as changing trends drive store closures

Weak domestic spending and cheaper prices in Shenzhen, bordering Hong Kong, have compounded retailers' woes. - Reuters

HONG KONG: Hong Kong's retailers are battling against shifting consumer habits, as visitors spend less and locals head across the border to China for cheaper dining and shopping, leading to a wave of store closures.

A 36-year-old Chinese seafood restaurant chain and a popular high-end food court in the bustling Causeway Bay district closed this week.