Bund loses luster as luxury retailers leave
By Wu Yiyao in Shanghai | China Daily | Updated: 2014-11-08 08:35
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.
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