I have no data to back this up, but I wonder if there's also a supply/demand effect in offline retail that's a driver? I.e. if you go to malls the mainstays seem to be food + kids-related (tutoring, sports, arcades), other general retail categories seem to be struggling, and ACGN may be one area that has growth and pulls in traffic.
There is also jump shop in Shanghai IIRC.
I have no data to back this up, but I wonder if there's also a supply/demand effect in offline retail that's a driver? I.e. if you go to malls the mainstays seem to be food + kids-related (tutoring, sports, arcades), other general retail categories seem to be struggling, and ACGN may be one area that has growth and pulls in traffic.
Yeah makes sense. Although, to be fair, most ACGN stores I visit are usually empty. But this is just anecdotal of course.