bye bye shanghai tang on pedder
i heard one of the saddest news in hong kong retail in the last few days. the iconic shanghai tang store on pedder street will be replaced by abercrombie & fitch.
as we know that consumer power is slowly declining in america and rising with such prowess in asia, it is no wonder that in the last few months; we have seen a lot american retailers hitting the shores of hong kong such as the impending opening of gap and american eagles.
i just cannot believe that after years of being there, we will be losing such an iconic store( at such a prime piece of retail real estate) – which is unique to hong kong’s identity. i have never bought much from shanghai tang personally but whenever i have to bring tourists or clients, that would be one of the places i’d bring them. it’s also the place to go when you have to buy someone a corporate gift for someone to remember hong kong by. i’ll definitely miss it sorely!!
talking about american eagles – i was just at the shop last weekend. seriously, i don’t understand what the fuss is about. while there are a lot of good basic wear, the price and quality tell two different stories. it is what it is, the quality is rather crap!