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Stock impact report

Market Darling Abercrombie & Fitch to Make a Full Comeback to HK [Yahoo! Finance]

SUN HUNG KAI PY LTD S/ADR (SUHJY) 
Company Research Source: Yahoo! Finance
full-fledged return to Hong Kong eight years after it shut its flagship store in the city, according to people familiar. Most Read from Bloomberg Nazi Bunker's Leafy Makeover Turns Ugly Past Into Urban Eyecatcher Chicago Overcomes DNC Skeptics With Calm, Parties and Sun How the Cortiços of São Paulo Helped Shelter South America's Largest City The company will rent two large stores in prime locations in the Asian financial hub, said the people, who asked not to be identified because the deal is private. One is a 7,000 square-foot space in Hysan Place, a trendy mall in shopping district Causeway Bay, and the other a more than 10,000 square-foot lease in New Town Plaza, a popular retail destination in Hong Kong's north. Abercrombie adds to an expanding list of global fashion companies seeking to secure larger stores in Hong Kong — among the world's most expensive real estate markets — amid falling property prices. The brands are betting on the city's stronger spending power a Show less Read more
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