Retailers beat a hasty retreat from mainland China due to consumption, competition woes

Mainland China’s highly competitive retail landscape has taken its toll on one of Hong Kong’s largest health and beauty chains, which has decided to exit the market. Analysts said retailers across the board have found the going tough on the mainland, with a slowdown in consumer spending compounding matters. Health and beauty chain Mannings said it would cease all online and offline retail operations on the mainland as it adjusts its strategy in the highly competitive market. “It doesn’t matter...