Parkson to shift its focus

Retailer looks to lower-tier cities and multipurpose destinations

Parkson Retail Group, the retail division of the Malaysian Lion Group, will transform department stores into broader commercial complexes and will expand to lower-tier cities, said William Cheng, executive chairman of Lion Group.

Cheng was speaking at a meeting in the eve of the Lion Mall's opening in Qingdao, the group's first comprehensive shopping destination in China, hosting department stores, shopping malls, restaurants, cinemas and an indoor entertainment park.