HONG KONG RETAIL ‘MALAISE’ TO PERSIST AMID ‘STRUCTURAL CHANGES’ IN SPENDING RETAIL SALES WILL REMAIN UNDER PRESSURE THIS YEAR AFTER DECLINING 6 PER CENT YEAR ON YEAR IN THE FIRST FIVE

MONTHS, AND ONLY RETAILERS THAT ADAPT TO CHANGING SPENDING PATTERNS WILL THRIVE, SAYS S&P GLOBAL RATINGS.