Retail centres in China still affected by lockdowns
News
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Sep 2022
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WWD
What: The Southwestern hub of Chengdu was put under sudden lockdown Thursday evening due to covid outbreaks.
Why it is important: As a result, major luxury shopping malls, such as Sino-Ocean Taikoo Li Chengdu and Chengdu IFS, were forced to close.
Due to the strict lockdown control, upcoming events and pop-up events have been cancelled by retailers and department stores.
Chengdu is one of the most important luxury hubs in China with roughly 6% of mainland China’s luxury stores in Chengdu. The megacity contributes about 7 to 8% to mainland Chinese luxury retail.
