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Thailands mashup of Smiggle, Daiso and Miniso now has a foothold in 158 locations in 59 of Thailands 76 provinces plus Greater Bangkok. Indeed, 2025s business plan includes piloting large-format stores in such locations. According to the company, Thailands retailsales increased by 8.9 per cent growth in 2023.
Amazon Australia has today launched its Amazon Hub parcel pick up network in Perth, and added hundreds of new locations across existing networks in New South Wales, Victoria and Queensland. According to the latest NAB Online RetailSales Index, Australians spent $46.9 per cent of total retail trade for the year, and 48.4
In a rollercoaster year for retailsales, a survey of retailers has indicated an optimistic outlook for store network growth. In what the national property agency CBRE described as a ‘flash survey’, 83 per cent of Australian respondents across a snapshot of the Asia Pacific region indicated expansion plans.
The retailsales mix is nicely balanced, with 30 per cent hardlines, 39 per cent food and 31 per cent fashion. A third aspect of Centrals progress over the past year is the expansion of its new Go Wholesale chain to 10 units, readying it to compete with the sector giant, CP Axtras Makro. stores in Vietnam. billion Thai baht.
Vincom Retail is Vietnam’s biggest mall operator by dint of opening malls here, there and everywhere, but is this the right strategy? Its continuing stagnation in key operating metrics on a year-over-year basis, despite rising retailsales and a sound economy, is concerning. appeared first on Inside Retail Australia.
Since launching its online offering, e-commerce now comprises 22 per cent of Vinnies retailsales and is already transforming its business model by setting a new direction for corporate partnerships. Online will also open us up now to a different, more expensive type of donation as well, she continued.
Now, for retailers from the 10 other countries that signed on to a trade agreement called the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) five years ago, things just got easier. The ENT doesn’t apply when it is the retailer’s first store in Vietnam. Another end-run around the ENT is to acquire an existing retailer.
Vincom tries to cover itself with four tailored formats: Vincom Center, which is designed for high-density locations; Vincom Mega Mall, a retail/entertainment concept averaging about 110,000sqm of gross floor area (GFA); and Vincom+ and Vincom Plaza, two formats that are oriented toward smaller provincial cities.
billion in global retailsales in 2023 , US Polo Assn, the official brand of the United States Polo Association, is reaping the rewards of its strategic expansion across continents, robust digital presence and investment in forging key partnerships. With a resounding $2.4
It also operates a smaller format called Vincom+ to address the needs of consumers in secondary locations (15 malls), and Vincom Center (7 malls), another CBD concept with a GFA of 40-60,000 square metres. Vietnam’s retail industry growth is still being driven predominantly by domestic demand. per cent occupancy) and Vincom Plaza (79.5
When retailers are at their most cautious with regards to expansion, they usually focus on snaring prime locations at a discount. This means shopping malls and strips in secondary locations will be getting crumbs. In Tokyo, too, rents are stabilising and even increasing in prime areas of the city.
Shinsegae — one of the Big 3 of Korean department store retailing along with Lotte and Hyundai — has continued its great form right through into the second half of the year, helped by the removal of the country’s remaining pandemic restrictions and an increasingly buoyant mood among the country’s more affluent consumers. Going mega.
Snuggled in a forest at the foot of Japan’s Mt Fuji, Gotemba Premium Outlets is in a location that is picturesque, to say the least. It takes a great centre to do justice to the location alone, and Gotemba qualifies. The centre’s tenant lineup is a who’s who of high-end retail, featuring designers from all around the world.
As the creators of a startup family business in Brisbane now focusing on international expansion, Katrina and Brenden Kehoe know all about the challenges – and satisfaction – of developing a brand and product range for multiple markets. Kehoe’s Kitchen’s current retail product range.
IR : Can you share your experience working at Sportsgirl and how that shaped your retail career? CB: I joined Sportsgirl during a massive expansion phase, where we opened a significant amount of stores within two years. This involved a redesign of store fit-outs for both existing and new locations, and then Covid-19 hit.
Retailsales in Vietnam enjoyed year-on-year growth of 11.7 The optimistic outlook has led retailers in the Vietnam region to dust off their pre-pandemic expansion plans and accelerate store openings. Vincom’s stock recovered, and the company went on to report a dazzling second-quarter and first-half performance.
Born of a collaboration in 2009 between Marc Chaya and perfumer Francis Kurkdjian, Maison Francis Kurkdjian has become a major player in the luxe fragrance industry, and is sold across more than 700 locations worldwide. This has delivered significant growth and our online sales are now in excess of 30 per cent of our total retailsales.
Together, these two retail behemoths account for approximately 38% of every additional retailsales dollar in the U.S. 2 This concentration of growth is creating a challenging environment for other retailers, making expansion difficult and fostering significant uncertainty in the market.
The Covid pandemic continues to loom over retail but very differently from its impact in both 2020 and 2021. 2020 saw closures and bankruptcies, while many retailers were buoyed in 2021 - with bankruptcies down and plans for expansion. We saw some retailers, like Lowes and Walmart, lean into this in 2021 with their apps.
Brought to you by Retail Insider and Flooid. The Place: Dotted around the UK so far with over 20 stores but another 14 listed as coming soon and with big further expansion plans…. So retail is? You cannot rely on the retailsales side alone says Cracknell Wright. The Name: Geek Retreat.
With total retailsales projected to reach $350 billion this year, Vietnam is rapidly becoming a key player in Asias retail landscape. Savills explores the key drivers of growth, market challenges and future opportunities shaping Vietnams retail industry this year. per cent year-on-year in Q4 last year.
Looking at the market, 87 per cent of retailsales in the beauty category are done offline. Adore Beauty is primed and ready to go into bricks-and-mortar retail. We are not looking for locations that are in the proximity of or going directly head-to-head with Mecca and Sephora. What’s the international scope?
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