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Sales at Luxury Brands Could Drop up to 60 Percent if Hong Kong Protests Continue

Nordstrom, Greats, Target, Macy’s, Alibaba, Bonobos, Rhone, Spanx and more will be at Sourcing Summit NY Oct 17. Don't miss it.

The overall impact from the Hong Kong disruptions by protesters for luxury firms appears manageable for now, but brands could see a sales hit between 10 percent to 60 percent if those protests continue through the end of 2019. That’s the conclusion from equities analyst Oliver Chen and his team at Cowen & Co. One…

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