American basics retailer, The Gap will be opening their first store in Hong Kong in November. Just around the corner, Abercrombie & Fitch are taking over Shanghai Tang’s space in the Pedder Building, paying $7 million a month in rent. The Queens Road Central area is fast becoming crowded with large, mid-priced retailers.
Despite its high foot-traffic location (on the former site of Queens Theatre,) The Gap may face a more difficult time attracting attention. As a provider of everyday casual wear, the brand faces competition from a medley of labels already entrenched in the neighborhood and throughout the city. (more…)
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