Property News · July 7, 2017

RIP high street retailers, faced by the relentless onslaught of mobile


I overheard a young Hongkonger say recently, “I rarely buy anything at shops anymore. I only shop online.”
It is not hard to notice the profound effect that e-commerce has had around the world and especially in an emerging and fast-growing market like China.
But this phenomenon has yet to fully hit Hong Kong’s major luxury malls and department stores that are crammed with overpriced purses and overwrought window displays.
Despite a restructuring of Hong Kong retail outlets by…

Source : South China Morning Post
Read more…RIP high street retailers, faced by the relentless onslaught of mobile

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