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Its not a bad ploy and it fits well with the broader expansion strategy, but even so, this is a company with much greater ambition than selling pens to students. According to the company, Thailands retailsales increased by 8.9 Indeed, 2025s business plan includes piloting large-format stores in such locations.
Liz Randle, Vinnies Victoria’s head of merchandise and retail innovation, has been with the company for over 13 years and has witnessed the op shop’s evolution from a network of bricks-and-mortar stores into an e-commerce platform. We have created an environment that heroes our values and honours the donation, said Randle.
Australian retailsales reached a record high in the last three months of 2021. This was due to relaxed virus restrictions and end-of-year holiday shopping, which underpins a robust economic recovery. The fourth quarter sales data from the Australian Bureau of Statistics (ABS) showed an 8.2 per cent increase in sales.
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.
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 expansion of its pick up network comes after the surge of Australians having tried online shopping for the first time during the Covid-19 crisis, with the network now available at more than 750 locations across the country. According to the latest NAB Online RetailSales Index, Australians spent $46.9
Solomon Lew’s plan to spin off Premier Retail into individual business units, announced in August, appears to be moving full steam ahead, as kids’ stationery brand Smiggle and sleepwear brand Peter Alexander investigate potential international expansions. We’ve got businesses in Singapore, and Thailand.
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, as noted above, also doesn’t apply to stores of less than 500sqm proposed for shopping malls. per cent in 2023. per cent and 9.3
The National Retail Federation (NRF; Washington, D.C.) revised its annual forecast for 2021, predicting retailsales will exceed $4.44 Revealed during the association’s “State of Retail and the Consumer” event, the prediction exceeds NRF’s original projection of 6.5 The post NRF: RetailSales to Surpass $4.44
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
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. per cent in the first nine months of the year.
The shopping centre has a lettable area of 99,873sqm and is anchored by Myer, Big W, Kmart, and Target alongside a triple supermarket offering in Coles, Woolworths, and Aldi and approximately 240 specialty stores. The centre boasts robust annual retailsales of $532 million and welcomes about 9.7 million customers a year. “A
As we approach the 2024 holiday season, retailers are gearing up for another year of generational differences in shopping habits. Understanding these distinctions is crucial for businesses looking to capitalize on the year’s busiest shopping period. retail growth in Q1 2024.
Rents still heading up but sales productivity is treading water Sales productivity is still marooned: at Simons domestic malls and premium outlets, specialty retailersales per square metre were $7951 in 2024, down from $8016 per square metre in 2023. It also delivered 16 redevelopments. It reached 96.5
Then, of course, there is Diwali, the Indian New Year and unofficial start of the country’s peak shopping period, with festivities generally stretching from August through December. The Thailand Grand Sales usually occur around this time. Online sales are also very popular during this period. Super Shopping Day event in 2018.
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.
Amazon.com has posted its fourth straight quarter of record profits, thanks to the global shift to online shopping during the Covid-19 pandemic. . billion on sales of US$108.5 billion on sales of US$108.5 The two-day online shopping event occurred in October last year due to uncertainty around the pandemic. “In
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. The market is also seeing a strong focus on experiential shopping.
And the third factor is history: there is a school of thought – understandably strong among retailers – that rents were set too high leading up to the pandemic and that the period from 2020-22 reset them at more realistic levels. This means shopping malls and strips in secondary locations will be getting crumbs. per cent and 79.5
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. million sqm of gross floor area (GFA) in operation, spread across 83 shopping malls. Bouncing back.
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.
Yes, retail property can be perceived as boring and a pain in the neck, but it’s necessary, it’s back, Covid-19 is done, and we’d better get used to rent increases again. per cent of retailsales, official government figures from Singstat show, down from 13.0 Singapore is a good case in point. In April, e-commerce was 12.0
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. “We’re
This may be about to change, since retailers wanting to ride the recovery are now looking at more ambitious expansion plans, bringing Vincom’s more second-tier malls into play. Vietnam’s retail industry growth is still being driven predominantly by domestic demand. Tourism is still the hole in Vincom’s donut.
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. According to Pathak, an omni-channel play is a must-have for any retailer in Southeast Asia.
It allows us to develop additional capabilities in key areas such as brand building, digital development and operational excellence or gain from state-of-the-art infrastructural support for our international expansion. This year, we will enter China, with a shop at Nanjing-deji and online with Tmall.
The seismic consumer shift from offline to online shopping presents an important moment for retailers to rethink traditional models and redefine the shopping experience in a truly customer-centric way. Our personalisation model is perfectly placed to meet and grow with the needs of customers in this new era of shopping.
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. Mattel was one big name that adopted this strategy heading into the holiday shopping season.
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…. The vast majority of the Holloway shop is given over to the gaming space where free-to-read comics are provided along with some free-to-play games.
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.
Retailsales are projected to rise as consumer confidence strengthens, especially in discretionary categories such as electronics and home furnishings. Employment stability and improved wage growth will further bolster spending, enabling retailers to take advantage of the recovery. Spending on health and wellness surged by 8.8
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. By aligning ourselves with fashion, we’re in line with where our demographic is and how they shop. We lose them when they’re in the shopping centre.
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