In Britain, more than 1,200 retailers closed shop last year, according to data from Bloomberg. Department stores have been hit particularly hard. Photo: Reuters
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

Retail decline in the US and Britain can’t be blamed on e-commerce alone. Look at China

  • The continuing closure of shopping malls and high street stores in the West stands in sharp contrast to the integrated model, a mix of online and bricks-and-mortar retail, now spurring an industry boom in China

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In Britain, more than 1,200 retailers closed shop last year, according to data from Bloomberg. Department stores have been hit particularly hard. Photo: Reuters
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.