On May 31, Parkson will close its store in Zhengzhou’s Parkson East Taikang Road. Marks & Spencer has long announced its withdrawal from the Chinese market and is gradually closure. Huatang Mall has only left its only seedling in Beijing and has retreated to the second-tier market. Parkson, once known as the first foreign department store, has repeatedly expressed optimism about the Chinese market, but has not slowed down the pace of closure. In the industry's sluggish environment, foreign department stores are at a competitive disadvantage.
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