Sincere to close Central department store after 126 years as lease expires
Hong Kong’s first Chinese-owned department store, Sincere, will close its historic branch in the city’s central business district in December after 126 years of retail history. The company revealed, however, that it would seek a new location in Central or Sheung Wan. Sincere announced on Sunday that the flagship store would shut in early December after lease renewal talks with the landlord broke…
Sincere, Hong Kong’s first Chinese-owned department store, will close its flagship branch in the city’s central business district in December following 126 years of retail history. The decision comes after lease renewal talks with the landlord failed ahead of the tenancy expiring on December 31. The company announced the closure, stating that it will seek a new location in Central or Sheung Wan for its department store operations.
However, no suitable premises have been identified yet. Sincere will continue operating its Mong Kok outlet and e-commerce platform. The closure has left the public divided, with some expressing sadness over the loss of a 100-year-old store, while others view it as a result of changing retail trends and high rents.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
