China's malls expand perks to more retail brands

07/2/2013 | Bloomberg Businessweek

Chinese mall owners are offering rent deals and paying to outfit stores to attract global retail brands including H&M and Zara, to stave off vacancies as a result of the current mall-building boom. The perks, once offered only to luxury brands, come as mall owners fight growing competition and cooling consumer demand; half of the 344 million square feet of retail space now under construction is in China, according to CBRE Group.

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