China's retail split: LV's luxe ship vs a phantom cafe
It has been a month since Louis Vuitton opened its audacious flagship store at one end of Shanghai’s premier shopping street. Despite losing some of its novelty factor, “the Louis” continues to draw in the crowds. But the LV phenomenon masks a mixed picture for Shanghai’s shopping malls. CNA's Tan Yew Guan dissects the retail split in the Chinese metropolis.
It has been a month since Louis Vuitton opened its audacious flagship store at one end of Shanghai’s premier shopping street. Despite losing some of its novelty factor, “the Louis” continues to draw in the crowds. But the LV phenomenon masks a mixed picture for Shanghai’s shopping malls. CNA's Tan Yew Guan dissects the retail split in the Chinese metropolis.