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Vincom’s retail struggles: Vacancy woes persist amidst Vietnam’s shopping boom

Inside Retail

In contrast, the two formats Vincom operates in secondary locations Vincom Plaza and Vincom+ have persistent vacancy rates in the 20-30 per cent range, which isnt a good look. Retail is booming and rents are, too, in the main cities Vincoms performance took place against the backdrop of booming retail sales.

Shopping 130
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Are we entering a bricks-and-mortar renaissance? Here’s what the data says

Inside Retail

In a rollercoaster year for retail sales, a survey of retailers has indicated an optimistic outlook for store network growth. The scale of a renaissance in bricks-and-mortar store openings may well be modest but it does contrast with an extended prior to and through the Covid-19 pandemic of store network pruning.

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Why consumer spending in one retail category is outpacing all others

Inside Retail

The shift online may also indicate a preference for convenience, which extends to other areas of people’s shopping too. Stepping even further out by age reveals the contrast. Under 30s have cut back substantially in retail categories like apparel (-8 per cent) and department stores (-15 per cent).

Other 147
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Five retail leaders discuss how to deliver value in a spending slump

Inside Retail

Indeed, many retailers will happily say goodbye to 2024, a period when high inflation and interest rates remained persistent and an ongoing cost-of-living crisis crushed consumer sentiment to its lowest in 45 years, all of which resulted in anaemic national year-on-year retail sales growth. How did they adapt?

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How to ensure Black Friday doesn’t become the nightmare before Christmas

Inside Retail

It’s also an important time for retail staff, with many retailers taking on additional Christmas workforces to keep up with demand. However, the emergence of BFCM, and the fact many of these sales are predominantly online, has impacted the Christmas period significantly. Consider this; last year retail sales in November rose 5.8%

Consumer 246
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Niche luxury labels remain attractive in Singapore amid luxury fatigue 

Inside Retail

Luxury shopping in-store locally is slowly losing ground to pop-ups and curated niche luxury shopping events, such as those offered by UltraLuxe,” Angela Loh, UltraLuxe’s CEO and founder, as well as the festival director for JeweLuxe and Advocacy, told Inside Retail. billion (approximately US$9.1

Curate 147
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Choosing the Best Materials for Visual Merchandising Concepts in Luxury Retail Stores

Retail Focus

A sense of contrast . The material adoption is perfect to illustrate the kaleidoscope in contrasting colors in the window campaign. . Using recycled plastic or recyclable plastic is a great visual merchandising tip for brands and shops trying to reduce carbon footprints for more environmentally-friendly plastic options. .