Articles by 丁玎观察

Department Stores' Slump: Blame E-commerce or Self-Inflicted?

Reporter Ding Ding, Cameraman 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! Facing this question, Yuan Yafei, chairman of Sanpower Group, has a completely different answer. He says that those who claim e-commerce has crushed traditional department stores are talking nonsense; the department store industry has ruined itself.