Lucky Mall bust bursts Siem Reap retail bubble

The October 1 closure of Lucky Mall in Siem Reap signified farewell to the last vestiges of the retail boom that erupted in 2008 when a clutch of cash-registered Temples of Mammon thrust forth, all eager to profit from the tourism wealth flowing from the Temples of Angkor, a flow that was thought would never ebb– until it did.

The retail rush began early in 2008 when the four-storey Angkor Trade Centre opened on the riverside with a batch of trendy stores alongside, such as Swensen’s and The Pizza Company.

This was followed in August with the splashy opening of Lucky Mall, while simultaneously ground was being cleared for construction of another large Canadia Bank-financed mall, The Angkor Shopping Arcade, on National Road 6. Plus nearing completion was the construction of the supposed four-storey, 18-escalator, two-glass-encased-elevator, 430-store Royal Shopping Galleries.

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https://www.khmertimeskh.com/501371460/lucky-mall-bust-bursts-retail-bubble/