E-commerce & Instant Retail
Department Stores' Struggles: Blame E-commerce or Self-Inflicted? | Ding Ding Observation
Reporter Ding Ding, Camera Qian Xiaoxin, Production Lu Junhong and Jiang Sunyin, Intern Sun Haixin. How long has it been since you last visited a department store? If you need to buy something, would you go to a department store? Who do you think is responsible for the current dismal state of department stores? Most people might say online shopping is cheap and convenient, so why go to department stores? Of course, e-commerce has crushed the department store retail industry! However, Yuan Yafei, chairman of Sanpower Group, has a completely different answer. He says those who claim e-commerce has crushed traditional department stores are talking nonsense; the industry has destroyed itself.
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