More of Department Store Closings

A week ago, CASS warned of the risk in commercial real estate, particularly department stores.

Mingtiandi has a good round-up of the discussion: CHINESE THINK TANK SAYS 1/3RD OF MAINLAND MALLS TO CLOSE WITHIN 5 YEARS
The report by the respected central government think tank predicted change across the board for Chinese shopping centres, foreseeing that, in addition to the malls expected to close, another third will be transformed into experiential shopping centres, while the remaining third will adopt an online to offline (O2O) model that integrates the Internet with physical shopping.

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