Loewe’s boutique at Kunming Hang Lung Plaza closed yesterday, with the mall’s own hoardings now in place. The Loewe Kunming Hang Lung store, which opened in April 2020, was one of the first luxury boutiques launched alongside the mall’s opening and the only Loewe boutique in Kunming. This year, the luxury sector in China has faced significant challenges due to a sharp decline in demand, leading to postponed and delayed store opening plans. With high-end malls experiencing a noticeable drop in foot traffic and brands struggling to attract new customers, some have begun considering store closures. Meanwhile, premium shopping centers are encountering difficulties in securing new tenants.