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Australian Christmas retailsales are predicted to exceed $60 billion, despite the impact of inflation and cost of living problems, according to research from the National Retailers Association (NRA). Meanwhile, the Australia Retail Association (ARA) says Australian retailsales increased 12.9
Working with retailers across Australia and New Zealand, Quantiful CEO Jamie Cormack has identified poor planning outcomes as one of the significant causes forcing retailers to contract and even close stores today. The innovation is a demand planning tool that delivers accurate forecasts and illustrates what is driving demand.”
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. For 2025, the companys business plan is to end the year with about 200 stores.
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.
Hong Kong retailsales 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. “The
Queensland’s large format retail centre Homeworld Helensvale has sold for $265 million to a private investor, marking Australia’s second largest and Queensland’s largest transaction on record for such a centre. Adjacent to the centre lies 7.34
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 retailsales.
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.
Among those celebrating 30 years of tenure with Officeworks this year is Dee Brun, who is in retailsales with the company. She added that Brun has significantly contributed across various locations and roles, starting at Officeworks Ringwood, where she worked for 24 years, followed by Officeworks Ferntree Gully.
Placer.ai, a location analytics company, noted that electronic stores, which once had consumers lining up around the corner in the middle of the night to grab a good deal, saw the biggest decrease in visits, with foot traffic down 16.5 per cent, with footfall down seven per cent in the Midwest, 2.1 per cent in the Northeast, 3.5
Australian Retail Association CEO Paul Zahra believes that adding green spaces to an otherwise harsh or busy urban landscape can soften the image of a location, add to its perception as a safe environment and make it a more compelling destination for retail. Traffic congestion is not a plus”. A calming effect.
Retailsales increased by 1.3 Retailsales are still well ahead by 16.5 Total sales for the Super Retail Group, one of Australia and New Zealand’s largest retailers, increased by 2.8 Overall consumer confidence also remains in deeply negative territory. per cent month on month in July and are 16.5
Pfeiffer-Smith did not directly address the decline in beer sales and its effect on Dan Murphy’s; however, she did note there is a great opportunity for all drinks categories, including beer, to innovate to meet changing customer needs. This article was originally published in the 2023 Australian Retail Outlook, powered by KPMG.
Visitors can even join in the fun and join the daily search for Chadstone’s very own 3m tall Elf On The Shelf who has been popping up in a new location daily from December 1 [to] Christmas Eve.” per cent higher than last year, with ultra-luxury brands expected to be most disappointed in sales this year.
In fact, China saw its economy strengthen in November 2020, with retailsales expanding by five per cent. Hopefully, as vaccines roll out across Southeast Asia, and the eventual relaxation of the MCO, will set the retail industry firmly on the path to recovery and growth. Strategically located on a gross area of 3.48
Women’s fashion brand Sheike has announced plans to open its first store in South Australia off the back of strong online engagement in the state. Located in the City Cross arcade on Rundle Mall in Adelaide, the store is expected to launch in the middle of this year.
The details According to Mulholland, Coles, in collaboration with Jaya Grocer and GrabMart, plans to offer an exceptional range of Australian products that reflect the high-quality ingredients and flavours of Australia. per cent higher than the same period last year, which was better than expected.
The company has 21 malls already in operation and has plans for more, with a focus on inland areas in Hubei Province and Hunan Province that are under-malled and have the potential for high growth. In the May quarter, sales at the company’s existing malls in China grew by 6.7 In June, retailsales were up 2.0
Impressively, Amazon has managed to hold onto the accelerated gains it made in the last two years when consumers were in lockdown, and the research finds that e-commerce shoppers have no plans to slow their spending on the marketplace in 2022. 44 per cent of e-commerce consumers are planning to spend more on marketplaces in 2022.
The plans will culminate in Merry Hill setting a new benchmark for how shopping centres can evolve to the changing needs of both occupiers and customers, post-Covid. Our plans will ensure that by 2025 Merry Hill will be the West Midland’s most vibrant family lifestyle destination, embedded at the heart of the local community.
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
In August 2022, the National Basketball Association (NBA) opened its first bricks-and-mortar retail store in Australia – located in the Emporium shopping centre in Melbourne. Are there plans to expand and open more locations, and is the NBL seen as competition in this space?
In an era when more and more consumers are actively shopping across multiple channels, retailers across Australia are leaving millions of dollars of potential income on the table by not pursuing an omnichannel media management solution.
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 Prince said the trend is to be ‘everywhere your customers are’.
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. per cent.
Earlier this year, Chanel announced its grand return, planning to unveil its Cruise 2024/25 Collection in Hong Kong, five years after its last show in the city. VICs contributed around 80 per cent of the company’s luxury retailsales in the region. per cent from 2023 to 2030, reaching HK$125.8 billion by 2030.
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. per cent and 79.5 per cent, respectively.
This year, Central plans to open four new home-improvement stores, 10 supermarkets/food halls and four Go Wholesale warehouses in Thailand, plus two Go! The retailsales mix is nicely balanced, with 30 per cent hardlines, 39 per cent food and 31 per cent fashion. Also, the portfolio still has a lot more growth potential.
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.
Hongkong Land’s announcement that it is embarking on a US$1 billion development plan with a lineup of luxury brands, including Cartier, Chanel, Hermes, Prada and Van Cleef & Arpels, made the headlines last week. From a retailer’s perspective, retail brands are optimising their existing locations instead of acquiring new stores.
The Kehoes’ company has developed a core range of 30 SKUs packaged for retailsale under its own brand along with larger volumes for the food service sector and ‘white-label’ products for other brands. Kehoe’s Kitchen’s current retail product range.
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.
As a result, the forecast for 2024 shopping is mixed, with 28% of consumers planning to spend more than the previous year and 27% planning to spend less. retail growth in Q1 2024. retail growth in Q1 2024. 12 Adobe reports that 39% of millennials plan to use BNPL this holiday season.
Fifty and counting Central Chidlom, located on Phloen Chit Road near the commercial heart of the city, first opened way back in 1973. At the time, it was a unique and unparalleled shopping destination in a city that was a retail backwater, nowhere near as sophisticated in terms of its retail offer as it is today.
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. How would you describe the brand’s international growth strategy and what are your plans for the future?
According to the survey, the impact of Cyclone Gabrielle ranged from flooded retail premises, roof and building damage, power outages across the country and reduced staff availability. It also revealed that retailsales diminished by about 20 – 30 per cent across these affected areas, with an average cost per business of about $55,000.
Rolling out across metro Sydney and Melbourne this month, Send offers most of the items found in a conventional supermarket but is also planning to work closely with local vendors and provodores to access fresh produce. It’s promising delivery within 15 minutes and is aiming to establish 30 locations by the turn of the year.
Apple Pay, Google Pay, PayPal, and Samsung pay can all be used through the phone and consumers will return to location where there is compatible equipment that will make the transactions easier for them. With the shipping crisis created by COVID, customers are sensitive to wait and will change plans to get what they want, when they want it.
High Street retail looks challenging as online retailsales expand almost exponentially. The industrial and warehouse sector should continue to be robust, dependent on proven fundamentals of location, physical condition, and floor size.
Now it is hoping to make a push into inner-city locations, AutoStore managing director James Smith tells Design Week. A concept design from AutoStore In some cases, micro-fulfilment can mean warehouses which are located closer to cities (thereby cutting down time and travel distances).
1,2 The challenge for convenience store owners, therefore, is implementing a business plan with strategies that increase retailsales, foot traffic, and profit margins. 7 Explore Omnichannel Shopping Omnichannel marketing means customers want the same retailsales experience, in-store or on their computer, tablet, or smartphone.
The retail landscape has been dramatically changing in recent years, forcing businesses to accommodate multiple channels when selling to consumers. Finding a way to sell across all channels, is where the concept of omni-channel retailing comes in. Retail stores is by far the largest retail market segment at $6.5
Maps and search tools can guide online shoppers to the exact in- store location for any additional items they want to buy while they’re in picking up their orders. This can help retailers provide a contactless alternative to curbside pickup while also creating a scalable, convenient BOPIS experience. Offer Omnichannel Fulfillment.
For example, Casper plans to open 200 physical stores across North America and Adore Me announced similar plans to open 200-300 locations over the next five years. Omnichannel retail is about creating consistent experiences across apps, websites, social media , ads, and in- store visits to increase customer engagement.
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