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Friday, Jul 5
Foreign retailers see higher rent costs in first-tier cities in China continue to impact their...
Foreign retailers see higher rent costs in first-tier cities in China continue to impact their decisions on where to set up shop and which stores to shutter. While sales growth has slowed down, in cities such as Beijing and Shanghai rent prices continue to rise unabated. Tesco (TSCDF.PK), Starbucks (SBUX +0.6%), and Tiffany (TIF +1%) are just a few of the companies adjusted store strategy in the region.