(Bloomberg Businessweek) — For decades, North Sichuan Road was Shanghai’s answer to Hong Kong’s Causeway Bay—a place where thousands shopped daily for everything including food and designer clothes. But that was before the new coronavirus. Now the local Printemps, a franchise of the glitzy Paris department store, has closed its doors, a nearby shopping center has shut for renovation, and few people were browsing the neighborhood on a recent evening. It’s an ominous sign for a once-vibrant segment of the world’s biggest consumer market: restaurants and the malls that depend on them.
Home » Chinese Malls, Dependent on Restaurants, Face a Bleak Future