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The Reject Shop has entered an acquisition agreement with Canadian convenience chain Dollarama. The Reject Shop Board unanimously recommends that shareholders vote in favour of the scheme, with the acquisition price of $6.68 cash per share representing a 112 per cent premium to the closing share price of $3.15 on March 26.
Dubai-based retailer and brand distributor GMG is ramping up its expansion in Southeast Asia and Hong Kong as demand for sports and lifestyle products soars. The country has a well-established retail ecosystem with high-traffic shopping malls, premium retail spaces and a digitally engaged consumer base.
Trends in the Commercial Investment Market The retail real estate market was a focal point of this years MAPIC, with a strong emphasis on investors perspectives regarding retailmarket trends and outlooks. These sessions revealed an optimistic vision of the resilience of retail as an asset class.
The Canadian convenience chain Dollaramas recent acquisition bid for The Reject Shop highlights a growing trend of international retailers assessing Australias discount market. I think weve got some world-class retailers in that space, and theyve mastered the tyranny of distance.
Southeast Asia expansion Beyond Indonesia, Oh!some some identified Malaysia as its next key market, driven by the countrys young consumer base and thriving retail environment. Further global expansion remains under consideration. some’s strategy and one of the major reasons we are competitive in the retailmarket.
While the everyday consumer has become pri c e-sensitive with the growing costs of living in the US, the 1 per cent is still spending – to a point where the luxury shoppingmarket has become more competitive than ever. What are the factors behind the Fifth Avenue Club’s rapid expansion? billion in 2024.
Since launching in January 2020, Viv for your V has steadily built its direct-to-consumer (DTC) and e-commerce presence via retailers like Amazon and TikTok Shop. Inside Retail : How did the concept for the brand come about? IR : Ideally, what other retail partners would you like to add to Viv for your V’s roster?
Easyplant New York City When it comes to buying plants or anything greenery-related, the first place that comes to mind is probably a humble nursery or small mom-and-pop shop, rather than a chic boutique. The retailer opened its first bricks-and-mortar store at 15 Prince Street in New York Citys bustling Nolita neighbourhood.
Despite modestly positive expectations for 2024, the luxury retailmarket did not pan out as merchants had hoped. According to a 2024 report released by global management consulting firm Bain & Company, this market dropped two per cent from an all-time high of US$387 billion to US$381 billion.
Lotte Duty Free has inked a 10-year concession to operate duty-free shops at Melbourne Airport as part of its effort to further gain influence in Oceania as international travel resumes. The South Korean travel retail giant will begin operating its Melbourne Airport store on June 1.
The app’s initial rollout covers major cities like New Delhi and Mumbai, with plans for nationwide expansion. Underlying impacts The partnership between Reliance Retail and Shein represents a significant shift in India’s fashion landscape, with several key implications for both businesses and consumers.
For vape juice brands, staying competitive in the retailmarket requires a deep understanding of the latest trends influencing sales. Stronger Regulatory Influence Regulations around vaping products continue to evolve, shaping how vape juice brands operate and market their products.
per cent, with the Plaza format, which accounts for about two-thirds of its shopping centre portfolio, sitting at 81.1 By the standards of world-class shopping centre operation, that’s a bit ordinary, and occupancy in the Vincom+ format is scruffier still, at 73.2 The total portfolio occupancy rate sits at 84.5
Kearney, a renowned global consultancy firm, recently unveiled its latest findings in the 2023 Global Retail Development Index (GRDI) report , shedding light on emerging market potentials and strategic pathways for retailexpansion. AI has significant potential to drive retail transformation. It was valued at $3.8
How the luxury grocery retailmarket blew up The market for luxury groceries is driven by three main factors: a growing disinterest in traditional luxury goods, the expansion of wellness culture, and the recent fashionability of food. percent from 2023-2030, to reach $361.2
The largest Danish retailer operating globally, JYSK , is set to open two new stores within the Greater Manchester region as part of its ambitious UK expansion plans.
So much so that Gotemba’s most recent expansion was opened confidently in the middle of the pandemic, bringing its store floor area to 61,000sqm and its store count to 290. The centre’s tenant lineup is a who’s who of high-end retail, featuring designers from all around the world. Thus, three expansions at Gotemba.
A decade after making its debut in Vietnam, Japanese retail giant Aeon is making a move into regional towns, armed with 10 years of data about local consumer behaviour and a renewed commitment to what is now its second-largest international market. Not only in Aeon shopping centres.
In the US, we are ranged in Goop and have also just launched into all 15 Credo Beauty stores, which provides our customers additional places to shop and refill their Emma Lewisham products. IR : How did the Credo Beauty partnership come about and what does this signal about the brand’s strategic plan for the US retailmarket?
Australian consumer electronics giant JB Hi-Fi announced a major expansion of its New Zealand operations last week , unveiling plans to double its store count in the next three to five years. The group eventually decided to “double down” on the New Zealand market, and invest in building it up as the broader retailmarket recovered.
Macy’s has been stepping up to the plate with a series of new moves, from the expansion of its smaller-footprint stores, to a new digital fashion platform targeting younger shoppers. In August, Macy’s announced that its second quarter net sales fell by 8.4 per cent year-over-year to US$5.1
From pharmaceuticals to fragrance Granado opened the doors to Brazil’s oldest pharmaceutical shop, which also served the Brazilian Imperial family, in Rio de Janeiro in 1870. The New York City store, located at 611 Madison Avenue in Midtown is the epitome of how Granado wishes to present itself to the American retailmarket, Sissi explained.
The expansion in Australia is part of a long-term strategy for Canada Goose, which will operate under a brand management agreement with Brand Collective. Integrated omnichannel offering Brand Collective CEO Eric Morris told Inside Retail that he was amazed to see just how popular Canada Goose products were across Europe and America.
A decade ago, convenience stores were a rare sight in Vietnam, where the vast majority of the population was used to shopping in traditional markets or mom-and-pop stores for everyday grocery needs. In recent years, the nation’s convenience store market has seen rapid escalation – and sophistication – in the larger cities.
With the closure of the underperforming stores, Macy’s explained it would be concentrating on luxury shopping offerings moving forward which includes opening 15 Bloomingdale’s stores and 30 Bluemercury cosmetics locations in the next three years. However, the legacy retailer’s reputation has been on shaky ground of late.
India’s DTC retail landscape has been evolving rapidly, driven by factors like increasing internet penetration, a shift in consumer preferences towards online shopping, and the ascent of digital marketing. While bricks-and-mortar stores still dominate the retail landscape, online retail is on the rise.
It’s been quite a year for Indian beauty retailer Sugar, which has just concluded a $50 million Series D fundraise led by the Asia Fund of L Catterton. L Catterton’s strategic partnership with LVMH will also supercharge Sugar’s expansion in the near future. Holistic expansion strategies. The immediate future.
Since launching in January 2020, Viv for your V has steadily built its direct-to-consumer (DTC) and e-commerce presence via retailers like Amazon and TikTok Shop. Inside Retail : How did the concept for the brand come about? IR : Ideally, what other retail partners would you like to add to Viv for your V’s roster?
Not counting the shop in Slovenia this is the first step of an Irish clothing brand into the Central European market. And Primark made plans for further expansion. But let’s be honest, the Irish brand enters a very strong retailmarket of affordable clothing and homeware in Central Europe. Over 261 000 sq.m
With this capital in place, what are some potential areas of expansion for the brand planned? RR: Channel expansion is a primary focus for us. The obvious next step for us now is to bring our brand to where our customers prefer to shop IRL.
New Balance recently revealed a new retail concept store at Paragon Shopping Centre in Singapore centred on experience and carrying a curated selection of footwear and apparel that caters to athletes and fashion enthusiasts. The open concept creates a space where consumers can shop cross-category to match their personal style.
billion, it has subsidiaries in multiple industries, including retail. Central Group is one of the ‘big three’ Thai retailers and shopping centre developers/operators. It also raises the possibility of international expansion. “It Valued at more than US$12.9 What does it say about the future of department stores?
While Shepard was already aware of the needs of trans and non-binary consumers, reviewing the research and seeing the overwhelmingly positive response to the launch of Both& has shown the necessity of having such a brand in the retailmarket. “So So maybe the surprise is that there weren’t more surprises,” Shepard mused.
A new online marketplace with a difference has launched in Australia this week, with a focus on feel-good shopping. Phillips said it’s about bringing the fun back to online retailing by keeping shoppers on their toes. It’s an exciting way to shop. It’s also a more beneficial sales tactic for the retailer, he said.
With further expansions slated for Soekarno–Hatto International Airport in Jakarta and Chhatrapati Shivaji Maharaj International Airport in Mumbai, Tumi is reinforcing its commitment to the travel retail sector. Overall, the outlook for the Asia-Pacific and Middle East travel retailmarket is positive.
Levi’s expansion strategy in Asia doesn’t look like it’s slowing down anytime soon. Jain added that its Gen Z and Millennial demographics are shopping in a more hybrid manner, blending the physical and digital worlds to find inspiration, discover new trends and share their feedback.
Pierre Yovanovitch chose a penthouse in a pre-war building for his New York gallery This business expansion offers a permanent base for Yovanovitch and his team in New York, and allows customers and clients from his largest retailmarket to see the Pierre Yovanovitch Mobilier products first-hand.
The joint venture, announced in February, marks the establishment of Steiff Asia Ltd and the inauguration of an Asia supply chain hub situated in the Shanghai free trade zone, functioning as a pivotal logistics centre to cater not only to the Chinese market but also to other key markets across Asia and the US.
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Brands, when the retail business was publicly listed on the New York Stock Exchange. Here, we chat with global performance director Kim Zorn about Princess Polly’s international expansion, how it stands out in a sea of DTC brands and the launch of its diversity and inclusion council.
Specifically, we’ll discuss the top considerations in the following areas: Existing capabilities and demand Capital and resources Supply chain and distribution Inventory management Technology Marketing Store management. Have a look and below, and see how you can apply them in your expansion plans. Existing capabilities and demand.
Specifically, we’ll discuss the top considerations in the following areas: Existing capabilities and demand Capital and resources Supply chain and distribution Inventory management Technology Marketing Store management. Have a look and below, and see how you can apply them in your expansion plans. Existing capabilities and demand.
These trends are especially relevant in light of the COVID-19 pandemic, as more than 60% of American buyers altered their shopping habits at some point in the past year. It’s crucial for small and large businesses throughout the retail industry to know what’s next. What Are Retail Trends and How Do You Look Out for Them?
is selling most of Japanese retailer Seiyu to KKR & Co. giant retreats from its two-decade attempt to crack Japan’s retailmarket. Finally, their choice of Seiyu as a partner for their expansion in Japan has been questioned, at least in hindsight, for some time. Walmart Inc. and Rakuten Inc. billion yen ($1.6
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