China’s Hypermarket Collapse: Famous Department Store Chain Parkson Collapses in Beijing

"The wave of brick-and-mortar retail collapses is sweeping across mainland China like a silent storm — and it shows no sign of stopping. The once-bustling Beijing Fuxingmen Parkson, a department store under Malaysia’s Parkson Group, has just announced it will shut its doors for good on December 31st this year.
This closure carries special weight: it’s not only Parkson’s first-ever store in mainland China, but also its last surviving location in Beijing.

For many Beijing residents, this news hit hard. People who once strolled through its bright aisles and admired its window displays are now sharing memories online, mourning the end of an era.


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