Mega Chains and The Future of Local Shops

Future of the retail industry, Patrick Dixon delivers a conference keynote for BNP Paribas in Bulgaria. Mega Chains represent 70% of spending in the EU. Competition between large corporations and local independent stores. Consolidation of retail outlets and the rise of malls and large retail centres. Shopping experiences for the growing middle class in Bulgaria, and the increasing importance of retail destinations. Closure and reshaping of the traditional shopping streets into residential areas, or convenience stores owned by mega chains. Shopping malls creating an exciting retail and leisure