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Southeast Asia as key market We see Malaysia as a prime opportunity, given its status as one of Southeast Asia’s largest and most developed economies,” Mohammad A Baker, CEO of GMG, told Inside Retail. Meanwhile, Hong Kong remains a strategic retail hub with a high-spending customer base and access to premium retailspaces.
With an expanded area and a new space dedicated to brand licensing (IP), LeisurUp, the zone dedicated to leisure and immersive experiences, brought together leading players such as Bandai Namco, Citywave, Cits Immersives, Hasbro, Dama Dreams, Dedem, Hupalupa, Smiley, QubicaAMF, Pausa, TF1 Licensing, Universal, Walltopia, and Zero Latency VR.
Asia Pacific’s airport retailmarket is projected to grow to US$33.8 billion by 2026, driving the global market to $63.4 According to GlobalData, the growth will be driven by the increase in retailspace and passenger numbers as cross-border travel resumes and the relaxation of lockdown and duty-free regulations.
Watch this (air) space. We believe physical retail remains as relevant as ever, but with a savvy digital customer watching your every move, it wont be enough to have great products and great prices. In the future, the technology edge could be decisive when it comes to customerengagement and loyalty. So, our take?
The retail world and gambling space have two things in common—both have a high market value and a broad customer base. In fact, one of our previous articles covers how retailers can borrow insights from online casinos to keep customersengaged.
AR allows customers to virtually try products before purchasing, enhancing customerengagement. Brands that integrate these technologies effectively can expect to lead in the new retail landscape. Subscription models create recurring revenue streams and build customer loyalty.
For major retailers, physical stores serve as hubs for customerengagement, offering services like in-store pickups and returns. Challenges Facing Physical Retail Brick-and-mortar stores face challenges, including high operational costs, the need to maintain inventories, and the pressure to innovate constantly.
Whether it’s identifying the right partner for customer support, logistics management, or IT services, the company brings a deep domain expertise that’s unparalleled in the outsourcing advisory space. Our focus is not just on finding any outsourcing provider – it’s about finding the right fit,” says Ellspermann.
Analyzing over 80 different rigorous peer-reviewed studies on DTC, we discovered a few common insights that prove the DTC model isn’t dead, it’s just evolving and, in fact, it could still be a great way for smaller brands to build customerengagement. But first, let’s take a look at the history of DTC and why it became so popular.
million sq ft of floor space open for business next year. million sq ft of new retailspace is due to open by the end of this year. This is an international as well as national trend, and we await some of the new leisure trends that are starting to emerge that will help drive the next generation of customerengagement.”.
The evolution of the retailmarket has created a chasm between the online and offline experience. The transactional nature of e-commerce has created a consumer expectation of ultra-convenience, which retailers are incorporating at all levels of the purchase process. Improving In-Store Experience.
Those in the retailspace know that how and what customers buy has changed drastically over the past decade. It’s crucial for small and large businesses throughout the retail industry to know what’s next. Here’s a look at retailmarket trends in 2021 and beyond.
The countrys median age is 32, and its population of nearly 100 million is increasingly adopting modern shopping habits, fueling demand for retail expansion. Compared to Thailand, Indonesia, or Singapore, Vietnams retailmarket is still developing, said Matthew Powell, director of Savills Hanoi.
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