Skechers has gone against the flow and tide, and opened MORE retail outlets in Singapore (read news source), despite all the onerous, excessive and unproductive regulatory COVID19 measures. Why? Simple.
When I walk through many of the city malls here, it is common to see white boarded walls in what used to be vibrant retail shops. There seems more and more white walled up spaces than there are active retail shops these days, and it is worrying. It reminds me of many years ago when I was in Melbourne, and there are streets of vacant shops, and plenty of "for lease" signs everywhere. We are now facing that here.
Online shopping is increasingly replacing browsing and shopping at malls and stores. The convenience of browsing a wide variety of goods, configuring options for customized purchases, clicking the "pay" button, and then seeing the products arrive in a matter of days at your door, can be a mesmerizing experience for many.