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Unwrapping retail spending over the Christmas sales season

Inside Retail

With 2024s peak shopping season in the rearview mirror, consumer spending behaviours and responses to major retail sales events are coming into focus. Examining where and when people shopped reveals valuable insights for retailers as they hone their strategies ahead. per cent to $51 billion.

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Hong Kong retail sales remain grim: Is there light at the end of the tunnel?

Inside Retail

Hong Kong retail sales continue to experience a recession, reporting a double-digit drop in two consecutive months in May and a 6.1 A government spokesman said the decline in sales was mainly due to the changes in the consumption patterns of visitors and residents, as well as the strength of the Hong Kong dollar.

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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.

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Black Friday 2024 results showcase the growing power of AI and chatbots

Inside Retail

To put these numbers into perspective, that is more than double what US consumers spent online on Black Friday 2017, which drove US$5.03 billion in e-commerce sales. “The So while Black Friday has changed, it’s still absolutely critical for retailers, even if the ways they need to take advantage have shifted,” Chernofsky concluded.

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“A big vote of confidence”: Why Walmart’s store upgrades are key

Inside Retail

Go-to destination for grocery According to Statista , a German data and analytics platform, in the US, Walmart’s net sales grew by seven per cent year on year in the 2023 fiscal year. Currently, Walmart is the largest retailer in the US, with over double the retail sales of its nearest competitors. billion in 2017.

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US mall giant Simon’s latest results reveal four issues facing the sector

Inside Retail

per cent and retailer sales per square metre for the trailing 12 months were US$8,166, up 3.3 To be sure, these department stores don’t pay a lot of rent but their purpose, from the mall owner’s perspective, is to attract pedestrian traffic, a job that in many cases they are falling down on.

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E-commerce growth driving Dexus industrial real estate demand

Inside Retail

According to Hutcheon, pure-play online retailers need around three times the amount of space as a regular retailer, especially with the high volume of product returns that come with the territory. That space needs to be located somewhere,” he says. That’s why good locations have a very material impact on P&L.

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