Independent retail sector: Is there still a pulse?

The independent ‘mom and pop’ retail sector, despite recovering slightly from its all-time low point during the Covid lockdowns, is stuck in a steep structural decline worldwide. For a combination of reasons, the retail industry is fast becoming the preserve of large chains.  Nowhere is this more evident than in developing Asia, where e-commerce, shopping mall development and the financial muscle of the dominant retail conglomerates are steadily edging independents out of business. The Covi

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