LV Salesman Suspected Of Jumping Off The Building Due To Sales Pressure Caused A Great Disturbance.

The Hongkong market has almost become the hardest hit area of luxury goods groups, and the front-line sales staff as a luxury brand will be under great pressure.

Luxury stores do not work well, and some shop directors will blame the sales staff, and even speak bad language, such as coarse language, and on the spot, not every employee can afford it.

Some analysts point out that it is unfair for luxury companies to put all their achievements on employees.

Deng Xiangsheng, deputy director of the Hongkong general merchandise business employees association, said that the monthly commissions of some luxury store salesmen were half less than that of the same period last year, and the stores will increase their monthly sales mark by about 10% to 15% per year.

Mainland tourists have slowed down the local economy and the business of luxury brands in Hongkong has been greatly reduced. Some luxury stores have more and more pressure on grass-roots sales staff.

According to Hongkong media, at 10:30 this morning,

LV, a salesperson in Hongkong, was suspected to have committed suicide due to excessive sales pressure and died in rdun hospital, Wan Chai, Hongkong.

The 25 year old man, named Lin, has worked for many years at LV shop in Times Square. He was accused by the store manager before receiving a warning letter, but he was still strong enough to face it.

Preliminary investigation by the police revealed that the man was in a low mood because of his bad work. The detailed cause of death remains to be investigated by the prosecution.

A Hongkong police officer left in the afternoon after visiting the LV store. Other employees at the LV store refused to comment on the incident, and there were security guards at the door.

"This month's performance is up to standard, and two months later, the bottom line has been raised. In fact, it has been unable to achieve sales targets. Luxury stores now have a hard and soft way."

There are retail insider sources.

The luxury retail business in Hongkong is hard to do now, with salesmen forced to work early and postpone their work. Under the high pressure means of luxury stores, sales personnel are suffering from mental illness and are now claiming compensation for work-related injuries.

Zhang Lixia, director general of Hongkong's retail business and Garment Industry Federation, pointed out that the delay in commuting time is a common phenomenon. Some luxury stores are in a worse way and require better performance.

Help poor stores to reclaim their performance, or refuse to issue sales commissions in high performance months, so as to fill in the amount of performance month.

Hongkong's retail industry has been losing ground.

As of July this year, it has been down for 15 months.

According to the statistics office of the Hongkong Special Administrative Region, retail sales in May 2016 were estimated at HK $35 billion 700 million, down 8.4% from 2015.

Retail sales in April 2016 were revised down by 7.5% compared with the same month last year.

Compared with the same period in 2015, the total retail sales in the first five months of 2016 dropped by 10.8%.

In the first quarter of this year, the total retail sales fell by 12.5%, and the total sales volume decreased by 11.3%. The performance was the worst quarterly in Hongkong's retail industry in 17 years.

Among them, fashion retailing inevitably suffered a blow in May.

The sales of watches and clocks and precious gifts fell by 18.7% compared with the same period last year.

Footwear, handbags and other clothing accessories decreased by 6.3%, while garments sales fell by 5.7%.

Some analysts have pointed out that the prospects for retail sales in Hongkong are still uncertain in the near future.

Hongkong, once a strong luxury market, was affected by China's fight against corruption and domestic economic slowdown, coupled with the continuing turbulence in Hongkong's society, resulting in the reduction of mainland consumers' consumption to the city, thus affecting their sales. The Hongkong market has almost become the hardest hit area of luxury goods groups, and the front-line sales staff as a luxury brand will be under great pressure.