Street photography in Hong Kong 6 Apr 2024

6 Apr 2024 Hong Kong

NTNI

In the current economic climate, the reality is that even budget-friendly shops are finding it increasingly challenging to cover the costs of doing business. Rising overhead expenses, including rent, utilities, and wages, coupled with fluctuating market conditions and increased competition, are placing immense pressure on businesses of all sizes. Despite their efforts to streamline operations and cut expenses, many affordable retailers are struggling to stay afloat amidst mounting financial burdens. As a result, the landscape of retail is undergoing significant shifts, with some smaller establishments forced to close their doors while others seek innovative solutions to remain viable in an ever-evolving marketplace.