Bund loses luster as luxury retailers leave

Analysts: Restructuring of commercial landscape can revive historic zone

The Bund, one of Shanghai's most chic and high-end shopping areas, needs to recover from losing several luxury brand tenants in recent years by restructuring its commercial landscape, according to a new report by DTZ.

The property services provider said that as of the third quarter, "more than a handful" of such brands had left the Bund for other shopping centers or major shopping streets.