China’s shoppers head for suburban outlets, a bright spot in retail property

For Steven Zhou, a 40-year-old Beijing office worker, suburban outlet stores offer a better shopping experience than urban malls, allowing him to escape the city, park his car without frustration and, most importantly, find good deals.
“Outlets offer a wide selection of brands, with attractive discounts, especially on sportswear,” Zhou said.
Across the mainland, outlets are expanding while traditional and luxury malls face high vacancy rates. Offering well-known brands at discounted prices,…  

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