Future of department stores redefined
Future of department stores redefined Operators need to adapt creatively to maintain status as Thai shoppers' 'second home', according to CBRE Thailand published : 19 Jan 2021 at 04:00 While department stores have been a familiar destination for Thai people for decades, lower growth and a decline in popularity has been evident in recent years, particularly in 2020 when the pandemic battered the retail sector, according to the property consultancy CBRE. To adapt to the disruption caused by e-commerce and changing consumer behaviour, department stores in 2021 will h...