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
Opinion
Opinion
The View
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
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