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Midland Gate shopping centre in Perth sold for $465 million

Inside Retail

Melbourne-based fund manager Fawkner Property and alternative investment firm PAG have acquired Perth’s Midland Gate shopping centre for $465 million. The deal marks Australia’s largest single regional asset transaction since December 2019. The facility recently underwent a major $100 million redevelopment and expansion.

Shopping 278
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How Kizik is looking to redefine the sneaker category with retail expansion

Inside Retail

In 2019, Kizik’s parent company, HandsFree Labs, received a minority stake investment from footwear giant Nike and last year the brand was stocked in five Nordstrom stores in the Midwest and West Coast. Innovative sneaker brand Kizi already has a firm toehold in the footwear industry.

Expansion 264
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Love, Bonito’s CEO talks Philippines expansion 

Inside Retail

“We have been shipping to the Philippines since 2019 as we found a similar gap in the market, where Asian women are not being catered for,” Love, Bonito’s CEO Dione Song told Inside Retail. The post Love, Bonito’s CEO talks Philippines expansion appeared first on Inside Retail Australia.

Expansion 130
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Walmart’s futuristic vision: AI shopping, drone deliveries and green energy

Inside Retail

The world’s largest retailer shared expansive plans for the future of retail at the recent Consumer Electronics Show (CES 2024), focusing on adaptive retail strategies that encompass realms of customers, workforce and society. Embracing AI Walmart’s goal is to make shopping experiences effortless, engaging and personalised.

Shopping 262
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JYSK continues UK expansion with new store to open in Telford

Retail Focus

As part of JYSK’s plans to expand in the UK, the largest Danish retailer, operating globally, will be opening its first Telford store on 2nd June 2022 at Unit NQ1, Northern Quarter, Telford Shopping Centre. Repro Free: 29/03/2019 pictured at a special preview of the first Irish JYSK store in Naas, Co. Picture Andres Poveda.

Expansion 147
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Vietnam’s Vincom shifts focus from expansion to upgrades

Inside Retail

Footfall was finally almost back to 2019 levels in the first quarter, with 47 million visitors. per cent, with the Plaza format, which accounts for about two-thirds of its shopping centre portfolio, sitting at 81.1 More significantly, sales are now 27 per cent above the level of the first quarter in 2019.

Expansion 130
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Coolmate plots international debut after securing $6 million in Series B 

Inside Retail

Founded in 2019, Coolmate quickly became popular for its products and services catering to male customers and has consistently topped menswear’s e-commerce sales in major online marketplaces in Vietnam. We plan to experiment with a mix of retail models, including a shop-in-shop format and our branded stores,” Pham said.

Apparel 130