Retail Revolution

[vc_row][vc_column][vc_custom_heading text=”Retail Revolutions” font_container=”tag:h2|font_size:60|text_align:left”][vc_custom_heading text=”1978 – now”][vc_custom_heading text=”Disruptions of Retail”][/vc_column][/vc_row][vc_row][vc_column][vc_separator][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”Revolution#1. Privatized Department Store”][/vc_column][/vc_row][vc_row][vc_column width=”1/3″][vc_column_text]Reform and Opening-up Policy In 1978

Disruption: Policy

The program of economic reforms termed “Socialism with Chinese characteristics” in the People’s Republic of China was started in December 1978 by reformists within the Communist Party of China, led by Deng Xiaoping.

The department stores became private again. With the policy stimulation to develop the economy and the encouragement of foreign investment, large-scale department stores became popular across the country.[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_hoverbox image=”9161″ primary_title=”” hover_title=”Deng Xiaoping in Shenzhen Special Economic District”]Deng Xiaoping is known as the chief designer of Reform and Opening-up Policy.[/vc_hoverbox][/vc_column][vc_column width=”1/3″][vc_hoverbox image=”9142″ primary_title=”” hover_title=”Shanghai No.1 Department Store”]The department store became private limited liability company in 1992.[/vc_hoverbox][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”Revolution#2. Supermarket Incorporated in Department Store”][/vc_column][/vc_row][vc_row][vc_column width=”1/3″][vc_column_text]Disruption: 

  • Foreign Investment
  • Lifestyle Changed

The mode of supermarket was introduced into China in 1990s and soon became popular all around the country because of the convenience and the variety of merchandise. Large department stores usually turned their basement into supermarkets and increased the time consumers spend in the store. [/vc_column_text][/vc_column][vc_column width=”1/3″][vc_hoverbox image=”9180″ primary_title=”” hover_title=”Traditional Farmers Market”][/vc_hoverbox][/vc_column][vc_column width=”1/3″][vc_hoverbox image=”9179″ primary_title=”” hover_title=”Supermarket”]Supermarket became popular from big cities to small towns.[/vc_hoverbox][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”Revolution#3. Commercial Complex”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Disruption: 

  • Giant real estate company, Eg. Wanda Group, able to develop a large scale project with mixed uses of Retail/Restaurant/KTV/Cinema/Housing
  • Demand and concept change
    • Pedestrian friendly
    • City life
    • Mixed-use
    • Accessibility

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/3″][vc_column_text]Wanda Plaza

Wanda Group has built 202 Wanda Plaza around China. Each Wanda Plaza is comprised of shopping malls, hotels, food and beverage locations, culture and entertainment destinations and apartments. It forms an independent business district and usually become a new center of a city.[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_images_carousel images=”9212,9213,9214,9215″ img_size=”400*250″][/vc_column][vc_column width=”1/3″][vc_hoverbox image=”9208″ primary_title=”” hover_title=”Wanda Plaza in China” shape=”square”]Now, Wanda group has built 212 Wanda Plazas around China.[/vc_hoverbox][/vc_column][/vc_row][vc_row][vc_column width=”1/3″][vc_column_text]Parkview Green

It is an intelligent building that sets new standards in both form and function. Located in the heart of Beijing‘s CBD, Parkview Green is a mix of retail, restaurant, art gallery, hotel, apartment and office.The development is made up of 4 buildings. All buildings are designed with atria spaces, sky-gardens, terraces, link bridges, and together are shielded away from the external environment. It is the first integrated commercial project to be awarded LEED Green Building Rating System Platinum certification in China.[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_images_carousel images=”9219,9220,9231,9227″ img_size=”400*250″][/vc_column][vc_column width=”1/3″][vc_gmaps link=”#E-8_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” size=”250″][/vc_column][/vc_row]