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Chinese retailers speed up closings as online shopping takes hold – Nikkei Asia

Chinese retailers speed up closings as online shopping takes hold – Nikkei Asia

Gome Retail is stepping up store closings, with plans to retain about 300 directly run mainstay locations.   © ReutersSHIN WATANABE, Nikkei staff writer | DALIAN, China — Major Chinese retailers are shutting down stores at a rapid pace as they are unable to lure back customers who switched to online shopping during pandemic lockdowns.The entrance to an electronics outlet run by Gome Retail Holdings in central Shanghai remained closed in mid-August, with a paper sign telling customers that the business had shut down. 

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