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Skechers to take over Patek Philippe space on Causeway Bay’s Russell Street

Skechers, an American footwear and apparel company, is taking advantage of a slump in Hong Kong’s retail market by filling a space previously occupied by high-end Swiss watchmaker Patek Philippe on Causeway Bay’s Russell Street, one of the city’s most expensive shopping strips. A 1,036 sq ft shop on the ground floor of 50-52 Russell Street was leased to Skechers for three years at a monthly rent of HK$360,000 (US$45,860), or HK$347 per square foot, according to Rickey Chan, managing director of...


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