Another well-known shopping mall has announced its closure!

Following the closure of Ito-Yokado in Chengdu, Wangfujing in Guangzhou, SM Department Store in Tianjin, Chongqing Far East Department Store, and Chengdu New World Department Store, another well-known shopping mall will also be closed. On the afternoon of December 9, a “Letter to Employees” with the official seal of Shanghai Landmark Commercial Building Co., Ltd. gradually spread on the Internet, which pointed out that due to the expiration of the lease contract, the Landmark Commercial Building will be closed on January 31 next year. The business was terminated at night and the store was officially closed. Shanghai Landmark will finally end its 26-year operation. | Related reading (Sina Finance)

Gu Miaohan

Since the start of the new crown epidemic three years ago, under the epidemic prevention and control policy, everyone began to pay attention to social distance and began to avoid gathering activities. The offline supermarket industry such as department stores has entered a slow decline. There are many shopping malls, but after the epidemic prevention and control became stricter this year, the process has obviously accelerated.

Especially after entering autumn and winter, various cities have fallen into a state of intermittent silence, which has a great impact on offline consumption. Although the liberalization of the epidemic prevention and control policy is good for it, it seems that it needs to wait until the first wave and the second wave of infection have passed before offline shopping malls can welcome customers. Like Shanghai Landmark, it finally fell on the eve of dawn.

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