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Hong Kong retailer Sogo to close Tsim Sha Tsui store after 18 years, even as mainland China tourists return to city
- The store is holding a ‘closing super sale’ and will shut on March 12 as its lease expires, according to owner and operator Lifestyle International
- The return of mainland Chinese tourists will make only ‘limited contributions’ to Hong Kong’s retail sector in the short term, the company says
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The Sogo department store in Hong Kong’s Tsim Sha Tsui district is set to close in March after 18 years, making it the latest prominent retail outlet to cease operations amid a retail slump that began in 2019.
The store is holding a “closing super sale” event in the first three weeks of January. A widely circulated brochure and a post on the Japanese-style luxury department store’s app announced discounts of as much as 50 per cent on a wide array of items in the beauty, fashion, bedding, health and food categories.
“Sogo Tsim Sha Tsui Store will close down its business on March 12 due to the expiry of the lease on the shop space,” Lifestyle International Holdings, which owns and operates the store, said in a statement.
The outlet, which opened in 2005, is generally less crowded than the flagship Sogo store in Causeway Bay, but it has been seen as a mainstay of the Tsim Sha Tsui district, which entices tourists with sights such as The Peninsula Hong Kong, the K11 Art Mall, museums and cultural venues.
Lifestyle is set to open another flagship store by the end of the year in the Kai Tak area.
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