These days, whether you walk around parts of Dubai, London or New York, it feels like occupying two distinct worlds at the same time. On one level, you know that you are at the epicentre of business and finance, but on the other, you are confronted with store closures.
These contradictory signals are almost an actualisation of a Yogi Berra joke: Nobody shops there anymore, it’s too desirable. The ongoing retail apocalypse signals somewhat of a paradox and when we look at the data, we begin to glimpse at the underlying dynamics at