BUSINESSSCMP CHINA
What retail apocalypse? Southeast Asia’s malls are sitting pretty
Southeast Asia's malls are thriving while the US retail property market declines, with only the Mall of America in the top 20 largest shopping centers. The US decline is attributed to e-commerce disruption, financial struggles of department stores, and other shocks.
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Adjacent reporting
- As malls and department stores fade, California's Ross and other discounters are booming
- China economy weakens further in May as retail sales post first drop in over three years
- China's retail sales posted their first drop in over three years as domestic demand sours
- China’s economy shows signs of weakness in May
- High Streets in crisis as shopper numbers drop 10% in biggest fall since Covid lockdowns