Outback Steakhouse closes 9 Hong Kong branches due to high rents, weak sales, and pandemic impacts.
Outback Steakhouse is closing nine of its 19 Hong Kong branches, citing high rents and weak sales as reasons. The decision affects over 300 staff and follows a trend of consumers moving to mainland cities like Shenzhen for shopping and entertainment. The closures come amid ongoing challenges in Hong Kong's food and beverage industry, including the pandemic, rising operating costs, and shifting consumer preferences.
July 29, 2024
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