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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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Are we entering a bricks-and-mortar renaissance? Here’s what the data says

Inside Retail

In a rollercoaster year for retail sales, 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.

Contrast 244
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Why the effort to shake up Endeavour’s board is rooted in the past

Inside Retail

Former Woolworths executive Bill Wavish and gaming czar Bruce Mathieson have developed a “fix it” plan for Endeavour Group. The plan involves having Wavish join the board of the liquor and gaming powerhouse, which they argue has lost its way after being divested by Woolworths in 2019. Sales have increased by around $1.5

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“Building for the future”: Inside Endeavour Group’s plan for digital

Inside Retail

The first seven weeks of FY23 have been relatively strong, with a return to a normal pattern of trade in retail and a continued recovery in Endeavour Group’s hotels division. Compared to the beginning of Fy20, before Covid-19 hit, retail sales were up 12.7 What’s in store for FY23? per cent and hotels 13.4

Planning 130
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Amazon Australia maintains pace

Inside Retail

Pattern Australia has released its fourth annual report on consumer considerations and e-commerce. 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.

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How retailers can thrive amid inflation: Strategies for the holiday season

Inside Retail

Analysts suggest that while a cut seems probable in the first quarter of next year (hopefully before Easter anyway), it’s uncertain how quickly any rate reduction will trickle down to impact retail sales. Online shopping continues to grow, with Australians increasingly planning their purchases earlier than their in-store counterparts.

Strategy 130
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Aeon Mall: Falling costs in Japan and rising sales abroad

Inside Retail

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, retail sales were up 2.0

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