Articles by 店小mo

Losses, Store Closures, and Bankruptcy: Who Is China's King of Store Closures? (Mid-Year Review)

Store closures may signify a sorrowful exit or a strategic retreat to save oneself. Whether a painful lesson or a strategic move, they indicate that times have changed and a major reshuffle is underway. As Vice Minister of Commerce Wang Bingnan stated, e-commerce is not the main reason for physical store closures, so don't blame Jack Ma—blame yourself, and you must save yourself. Half of 2017 has passed, and here is a review of the store closures among major supermarkets and department stores so far.