Retail
April 28, 2023
Luxury houses are building independent flagship stores in China’s top-tier cities. Image credit: Hermès
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1hxjvi0sMt9O8JwFg1seVRyVsbPkMJKAKTnZlM2ZLZ\/rdsgMezNVP2E3WovQlX77EVOUxG53l1dYVaVAurKxYB6zS2+AD0Sf8rfPCOaE5FIu+CQ55I+VKJHwPf1vZDNS3JAvwOYxpn32E33VNYcBRKcMu6YmaKsC9WzdHP+n9k7rZDkfHbv+oHJ8CtIhVIXeC1kD6iF+7W7KO9ZKaeywKQf0xDMxt9\/pLtbIZEzcpcSQ1nRTXZdcFL8QclRtQPJYNPD532R02adG+q9poP1oT9EnQ7Dm+w6w7tre1I3ljMiUmxtBxda84Shdlu32NIQefl1lj6Mw7ZKZ8PUKr2ZBpuFM95bXNPICK1w\/2sBF29CqKFjKQ1kCRxVfIPqtVuD5OvcSPTibpM4r6b\/kepbuu4nO8PsL1PCyn05\/k+IsUT2fV+WKgeb+4f9ok64rr760taItPEbKxbXE\/5lKGateX+PJg5xUVNz0FTO+NHFuyJX00xeNWGS8L4XPNAAAH+8wDFBoRasz1PcNw0eq5ayDndI5yPBqmF9TN5pqjX+bsmklFg64bUHcktNb81riEvoJ+pQF0M5ZihEIOa1UEnpmVEMAu9PIuUfccJYJImZEyMOkBrwc5s6IgIg5QOe67wEPvhMmO4jXp\/7KxoLyP6CRj+agCBlpmprLrk80MKcYOawaMCBR5rdvM1ujEmiKI54lRoosM3x8pZYWrN85JUTckZwu4W3ZHbQOitvR8UW5Mbj98ch20Mza1B8kx8SyOpdBE\/9YhEUC9IY4SRNJvpMNMgJST938IN9\/Xt+vVEOzfnTYQLJza\/1oyizWGHh5Q2rb+k\/9eY97B5YSdm3mchH8bCZqT7O90DdbNId672A19HyFA27OAX8+J23yJgE+3a02ZzYyzQxE9ZItkBIRWKbxzjGbKMgKc7+wrJxaMlXQmU8igIxbqndguThlqCqZ49cnJK9NiiOWOS9M0n77ls3Jjv9tycabl4BCWddkMqFz6R\/er489M6koUDX+gxeketd1gZcEzxEK91Jf\/GcYtJLJDKJ4L6GOgZqx2vW1pVJ\/2Xi4NQ2hjaLJ4NUY1tAa3HiRYd1qecKTbgCVYncAUlKej3\/4Giwx1Z5V3unT24VuaugkrmcvhIG4hnzRjF9oNriSnLZa\/TZDlgjWnZK5rQxyeYHDwygoHWdKKuvxLWwa+QFotbUdKJ9FYc50ohryl8NMrsPqusd+rUK2eBezQ2YRO84zbjtPC1KvEazhLd3\/tEmbqkewfp14byV6bAxuQIu3Hcns6DDexCXrX66oEGWJU8fRD5u\/o+DUWO\/2mm\/QOeSEunNTd1y8P+JnfFcLbnuR6imxWDTYnhaABZFFySV76hw4g1SV8OmNwGBTdRoNdq5H+1nW0nCUmeO6YSKd\/inZDFN+ExYRYiaXsoytoQpLrxq4\/O2wyd84f07O3\/ZHNgMSD7UWgETXKPegHG00+UsGpkMgumE3lSuy1VGKILl\/4EenDY6SEMPMABkr5WBSkVUWRb5dES9ZnUrS3emOAO1bmLnuBujmY36kWoJwzwYsfViD+fkyEmmrxKUEw+48YwbYzJ31vTbD8J+QnxpZStj\/9gkr\/iDQ8k68CYaLT7R13n0uzkIjbLCAHPciW0rta7oFnuM9Sd0qC9vSepJ4xEcPtwi+9FJdUqt4QupkB5dNY28h+pbc6iQdAukMt7cf1Xs1pPy+5Bow0hzh74+yXacPBP6uZlnWuIim9xQQEZ\/AKnlRqnok52qs8T8p0TmKRrXdcRDNTsNtoumNSLeMtOVHzhpZpGqAufI9ibSx\/X2ZJFC0d9axRrPeQY\/988CGpGTzwnR76CXjj1sceM1+cRrQA3L5LqL35CcCPK4+KIhk8qRY\/sD+eP6MePRsqTloEdqUx4dr9nQd+5yqUQ\/2RRnV54DrHNrypL7AwsQ2tJ\/nKU4MPC6agddUq8zKin09hMiUjxNBlYCdjfQcjNW9g3agrVZQf1w1D8BZoaJ6aJbSXnXap6go9wbTHALcbRx5kY\/1da\/ILzItB1uUQuLyC8wf7q9nFATBG5UDgtzWt32Dj\/Kx0i\/4V6yzwLGWUsvUuq8ExdCqJ1NLcJo6KMB\/MvgOlSgMSFwLaZjQFfvz\/sQsU7IqUctyFdGQJeIKYsFKGyn7fKOecNMn0ll0VD+u7vclTizz6RcXv6BjRnqX+eMbCaHl6QjCRf1T2ohYYHPPu7qRhO3vAvK000InHzY0yOsqHXjevdLKgcgX18flzDZ6FEWSAowSm+\/H+jMNowNUnBww8xV9VeAf499wArws9moM+ctDwMxuB0CtB5heigZbTZE+jTqCAN1Ag5e89JqSCMW+4i19SgjIv1a7JIcOXp\/BkIWck6YyhMYMExxKIG7MH8JEauX6HE2J8RGUu9tZO\/sQgvhZa7vKxCLsIMCdYcpcMZCc3uKvMh2TjvH+MMTLPbNgeCUFL99vi0753cvjP\/IbRmJUjqhHHc8xCQ0hWsiWTxiH9SxZPorcf2s8Wvmystq5JGrwgMECP5bQO96ERmXfDPqI3a2\/yYEuZvYStfRgipQ0aKxCumdoob2pHxhoq0joQBtDN8qeSEBMo0GrSaoltNUoW9ParlrXGcG414L5ARt8essp9MG5GBQbduJKdrjXcbTmTiyfrjreOLi4IhZf6cZ5NcrCMt854SFiAZG63KvMm9L5eIvk2moFLhPOux\/nOcibl6xNXydPXkA5mcSy\/eoVxFzk7Wa\/VW7rLn5soRhULhWQFNXExdMCdG5odfHA+NVdkJOm4zsjdLTSmdNA0GgdTNyGwlXYN7200YqQBd9W8BPieqDStbWS+mK0UAMZFMxHi3rYEu0hvCHPLZPkWAI3RYgVpmXtyh6alnelLT\/JvwV5ZlJ05MnQGbn6wOliA+Bh4SEixpymaMucEIN\/jddfW+gRqEQLbQpzTjB84g2XlwS4znOImP6vHJXWfLM5w61hJ1ZgqmFn8x4ZP2zAVdUbasgmfSeTl\/Ve1o8P\/y\/lpiuerMbwMJ3f4daJTSavgqG1IHFe\/HJAKKokKzmTiwgQg9X7snXGWUcIFD9ykVRZndUlVNkXo\/F2uzKvWH4K8IIgG6YwY8iS8IMMKS+xMjvA2fMgKVKsN7U8XHq1cBelbd3ZnzAoiE4+ahvVMK8yF10AlxCfDeg47uDezmamAnpeku5R4Q2sfgkk+J6gZXQSdU\/zFQ8wMaQvLvvpiuzTVSdmbXBXe8AGYXxSqcpHLsxqTGjWAlqzd4UQFJAdZODDHZIscHhu6TQp9+kdIBZOQ9ehaIGnvGp4GJfCcsKGsVuv4Fq0XNQJS\/\/SgNYKbEvHnZcCad\/zkvo77fI0xFkxBMlicihhuSNLfAqFg5XQRTeBzOvWwpALhJaGWO4ref5ePvtbiNIz1PMo6HDqvVVaNcIuQNQYuofItHArRf\/3i6x3wV0N0eKzXiYE913mZ5rq+ghsCJGKp6JTV9mxGZwygxOBvaIfi+SJiA62fuookD\/rLgU2BXeATqIf9RsaUdU5U8KZx\/kvkY\/Dm302LcXJGy4Oyxn4vKmtk8JD\/bqgZPnKNVsUaBZJd\/ZU28neXO9TZ7\/ODxAOiaNZKA+HGJT0KlBxdo3vmV4JdM96rHzp7DwGyuuRd7ZDdDmQddwh3opLLtWHKfc0Evd\/uneH\/PVmFuSBlTwwPZO1Ds76D0DkMicp2has4vkna6k5jF42hKaYBxts6DBS84BEUh8gcBu4LIe2dD+4PTxAUCk7TT3j\/sW37WUkj3dUoQTL09I9eT3VmebK27Uk5JlWc7iPXQUaaAwPxE+0eF9ncq5EgUx\/BEqbrxWrerbcPI2I4N\/c2HGsYhoqhp\/JQN8BZYwER4JfghFfuXQO2\/bAXbeCiFWFrT6f3dUimtphZ+jBUxpvjHYcb2JK6ENCZrDQcs6EpMSPFGI9fhRxucxgfy7D1eW7\/s8dAooDw30qHhyVM6Po1XiEf5vP6Z2WaDyC2415kwNCUkDQFcIeVJTLr3jVeXmHhr6vB3Vyprvdp5C5UyIlZA0Bu5ZXbm\/fSjEg98rbm+s5jr6pYx2hspzijFQbKkNAaJBN2ZU+Wuk1g3bh8D2wAWXytPtQXAQxmu5Gg0hquJuqVn6Unu5o9YSGkfRYofENA53c1yebZuaXSJohkpwAOhK1lr96JN6YKh4EN2R2yRFH6kWcHF4q8roj3ta0R\/5gDRyojFKE7bq+TI3TVwdZxY+y9nSzGIVp\/bqQqtDv27L0tCFCreLan75Zy2FhuwT+3mPDhOKuTkddHhTF3Dcaqq8k1b\/yH7\/gtZ9AOTDSx\/oOu3UioMB1kt6WmSin5Hdt8lWM2VHPDlL5cpR86nqwfXoegELcYa16mAYZGge+hGDfALbUQoNd+FyDsz3\/tcdnuQUcMTayA7N58ScDojadVi\/lQ5kCH1tRYj7gh\/C7OUFSMnRnrVhEkqAtkhJUDYMROs1tN3on51r0SJLVQMb2fSil\/cKW5NKO8QBImVEw\/2ACdI0WDBfHqvdb5UCoVHBA4XCOhkh08i8tRFoL0mdC+JVFVIMCfiyV7u+4PSgeuWWK3HZgK7TSt9Eor1fyxzRo9PVNqG8N3WByv0BqJA+ndRDTsEchym78aMmo4jZyB6cnRNpOrvxngsp4pLSegYM0BBhPjkATkM2QwT\/Q5fwjwlzNQ1LMsLVYQgGlLJchsgCslqgPegJAfwk4XvZWpDFCjiDjgmX6pOqR+Olf\/VTCzYg2MUKveFv6hrpr9F0bfKOEqQ2f7fgmGnd5lAES0vZiA10USie\/EwCxKZWtCQ1sCUc\/6oy19RkPakhHTOLcTFW6oXmMBdPjwwGtCJKS9bqbkRjwzQymzT+lyxEbyM50nw1EICZWw1MsCPn1QyXT+uwlQxZpifTLl8kteXtGqbgYHW3U6ycjaYwJx\/mJHKUEXvpa5Owq4fTTHXih5Yob5XCLJQsr7V1LJV25LJ+4bI8\/IE6r89Ic8ncwb9AXvJZYdpNe2HwDViih91BSdf7nxvTejv3hPX1YC8p0jxifZIYticfwFCmQdYhS8P4PnESN011zwK\/b4JoCu0ifeVJ4ADO6EfvIDrON9+fqAgwZ32eCNa9zSixXl1XLy4iZa5nn2uwb7xRb6ybs\/KdBhSg+SFy6j102IJtjhKrdof+cnaeAamy3Rc0e+zD079R0cGX65r5v41BxKTG2EQJbqCFckf1sy6tM77VnmGSBl\/x8PzG5AIptobfUKyfroqbflyfvt9XbVoV1ohuo8MSrDCCOEKgfEbWN7+YQXVle6rr6iOh6IxIYbust019pUCzGI0YB5McHfbWo35gx32EBrTVhHOCiWRso1lVc6e8z2AcEe2u4M2oyaF9w9n2p4jppioOxPwz7GfKJI21OzQEjmnrLjCS37Gz6PZwhTd8F4v9OlJlURzr6cISRov2MTpUe2\/upX7Lx9i811EH2\/mODbgxHLhltO\/U2J3tgPrxX+\/0OuTOJiBnogB4B2HTv7T1nOdx89XUZgygtYEFrndMjHKjae","iv":"120d3215036b6b55c888a74dbec37040","s":"64ff26860cd9bdff"}
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