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Research

Report

Tianjin Property Insight - May 2015


​Why department stores are facing challenging times in Tianjin

After the 2015 Spring Festival, news that some major department stores would close spread widely in Tianjin. Most people were shocked at this news, because these projects were so well known, and the news was unexpected. However, once you think of how long it has been since you last shopped in one of the department stores, you realise it actually makes sense and that the closures were bound to occur eventually. Here are the five main reasons why four department stores (Far Eastern, Hunter, La Vita and Parkson) recently closed their doors.

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