Workwear apparel retailer G2000 is facing continued struggles following a decline in sales of office wear since pandemic has forced people to work from home.
More than a third of G2000’s 39 branches across Hong Kong and Macau are seeking rent relief with varying degrees of this being offered across its locations in Central, Sun Hin Lee Building, Kowloon Tong Festival Walk, Mong Kok and Yuen Long. Following a report that Wharf Real Estate owned Harbour City are offering no leniency, the store in this location has now closed over unpaid rent. In the same centre, a store occupied by G2000-owned-high-end women’s clothing label Anagram has also been temporarily shuttered.
The fate of the group’s 700 remaining retail stores located across China, Hong Kong, Macau, Malaysia, Singapore, Taiwan and Vietnam remains undetermined however G2000 have recently teamed up with local marketplace platform HKTVmall offering discounted products in an attempt to clear stock.
