The retail stores that remain in shopping malls are increasingly being used as free showrooms to facilitate sales by online competitors. Chinese shoppers go to stores to find what they like, try it on, check the price, then go home and buy direct from Taobao.
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Sydney’s most prominent bespoke shoemaker, Paddington’s Andrew McDonald, has been watching this change for the past five years. He says that for the first time since the ’60s import explosion that flooded the city with mass produced cheap shoes, people are beginning to see the value of buying something unique and fitted, even if they have to save for it..
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MUMBAI: AdityaBirla Group has short listed French tycoon Bernard Arnault’s investment company L Capital, General Atlantic Partners, Singapore sovereign fund GIC and Standard Chartered Private Equity to raise $400 million (Rs 2,400 crore) for its consolidated retailing business unit, two people directly familiar with the matter said. Birla will raise $200 million each from two investors in the coming weeks, which values the new retail geanta dama louis vuitton company at $2.2 billion (Rs 13,000 crore) in enterprise valuation, they added.
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