Sincere Central flagship store lease expires, 126-year history to end in December

Sincere, Hong Kong's first Chinese-owned department store, announced it will close its Central flagship store in December, ending 126 years of retail history, mainly due to the lease expiring. The company said it will look for a new site in Central or Sheung Wan. Economists warned that although retail sales have been strong recently, the market has changed and running physical stores faces numerous challenges.