This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Ramadan continues to be a crucial shopping period across Southeast Asia, with evolving consumer behaviours and market dynamics shaping the retail landscape. Growing demand has led some retailers to operate 24 hours a day to accommodate changing consumption patterns. This year, Ramadan began on February 28 and ends on March 30.
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). Covering the pre and post-Christmas shopping periods, that figure would represent a 3.9 per cent increase over last year.
Retail is booming and rents are, too, in the main cities Vincoms performance took place against the backdrop of booming retailsales. National retailsales tabulated by Vietnams National Statistics Office (NSO) grew by a hefty 9.0 The economy grew by 7.1
The latest retailsales figures are really quite incredible. According to the Bureau of Statistics (ABS), retailsales rose by 0.6 But clothing, footwear and accessories are up 2 per cent, food retailers are up 1 per cent while cafes and restaurants are also enjoying a 1.3 per cent) and department stores (down 0.4
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.”
Data shows the rapid increase in online shopping that defined the first year of the global pandemic has started to fade, as the novelty of lockdowns wears off and government stimuluses run out, and online retailers that once enjoyed record highs are now working harder to drive sales. People don’t have the stimulus.
The report found that the majority of Gen Z shoppers plan to spend more or the same on Christmas gifts compared to last year and that visiting stores during the festive period is a top priority. As this demographic gets older and gains more disposable income, they have become a key audience for retailers to engage.
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.
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.
Black Friday, one of the most anticipated days of the entire retail calendar, has officially passed, and the results of this shopping event revealed some unique findings. Despite some concerns that Black Friday sales may have been diminished by month-long discount offerings, the shopping holiday proved surprisingly fruitful.
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 retailsales. Online shopping continues to grow, with Australians increasingly planning their purchases earlier than their in-store counterparts.
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.
We understand that organising training can be time consuming… But, delivering training online can take the hassle out of planning staff training. Online training systems ensure that a consistent message is delivered to all of your team so that your customers get the same experience, no matter where they shop with you. .
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. According to the company, Thailands retailsales increased by 8.9 The positive momentum is back Total operating revenue for the third quarter was 735.8
According to a Statista survey conducted in selected Asian countries in February and March, 46 per cent of all Muslim respondents in Asia were planning to spend more during Ramadan this year compared to the previous year. The Thailand Grand Sales usually occur around this time. Online sales are also very popular during this period.
Estee Lauder expects to drive incremental operating profit through the initiatives in its profit recovery plan of $1.1 The company posted net sales of $4.28 Net sales in Asia Pacific were down 7 per cent driven by China’s weak performance and partially offset by growth across other markets led by Hong Kong’s double-digit growth.
A multi-million pound programme of investment announced today by Ellandi , a UK privately-owned shopping centre operator, is set to transform Merry Hill shopping centre near Birmingham into a best-in-class regional retail destination and the most vibrant family lifestyle destination in the West Midlands by July 2025.
Retail-specific influencers play a significant role in promoting products and driving sales for brands at specific retailers. Additionally, influencer campaigns can be a useful tool to help increase your audience reach and consumer product education, so they are informed prior to shopping.
Even before thinking about the specifics, the timing of these sales appears challenging for both retailers and consumers, not to mention supply chains. It’s also an important time for retail staff, with many retailers taking on additional Christmas workforces to keep up with demand. Christmas planning cycles.
Beyond the social and environmental benefits and aesthetic appeal, the addition of green spaces in urban areas can have an enlivening effect on the retail industry, boost the local economy and make shopping a more appealing prospect. He added that it’s a consideration for planning departments within each municipality.
New concept stores, wholesale distribution and an online shopping site are set to roll out early next year. . It currently has operations in over 50 countries throughout Europe, the Middle East, Asia, Latin America and Africa, with a wholesale distribution network of 4000 points-of-sale, 120 mono-brand stores and 90 corners and shops-in-shop.
How will consumers be spending their dollars in the week leading up to Christmas, what are retailers doing to entice consumers in-store and which retailers will benefit from this? These are pressing questions that many in the industry will be asking themselves in the final few big shopping days of the year.
The third company reporting segment is rental and retail services from space it leases to small tenants in its self-anchored malls in Thailand and Malaysia. Although it is a much smaller income stream than wholesale or retailsales, it is important and becoming more so. Revenues for this segment amounted to 3.6
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. Lew wouldn’t disclose who Premier Retail’s partner in UAE is.
“We’re not telling people not to shop, we’re just telling them there’s a different and better way to shop,” Krideras told Inside Retail. They say it’s much more than a sales event, calling it a “movement” of mindful shopping. We are experiencing a generational shift that’s going to redefine all retail.
Retailers worldwide have battled slowing conditions, with Australian footwear giant Accent Group and American fashion brand Guess recently highlighting the impact lower consumer confidence is having on the wider market. Still, many shoppers have indicated that they are planning to wait for ‘better deals’ closer to the end of the year.
The retail industry in Malaysia has struggled during Covid, but shopping centre Pavilion in Kuala Lumpur has continued to find a way to reach consumers. Here, we chat with CEO of retail, Dato’ Joyce Yap, about the future of malls and how sector have evolved in the past year.
“Continued work from home and a reduced supply in the residential market has also boosted key large format retail categories, with many outperforming broader retailsales growth,” he said. Adjacent to the centre lies 7.34
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.
Retailsales increased by 1.3 Retailsales are still well ahead by 16.5 Retailers will need to look at ways to lower costs, streamline operations and reduce disruptions to avoid losing their competitiveness. Despite some retailers reporting strong sales because of the growth in online sales, net profits declined.
After multiple paradigm shifts in 2022, retailers are facing a very different landscape in the months ahead. Let’s start with shoppers finally emerging from a Covid-19 cocoon of contemplation and online shopping. Doing the right thing Last year also delivered a case study in the business impact of ESG behaviour.
Competition from online shopping and restrictions from two lockdowns have dealt a blow to physical stores. According to the Centre for Retail Research, almost 14,000 shops have permanently closed this year in the UK which is a 24.8% Concepts show it in use for shops that sell trainers, electronics and food.
“We believe in inspiring customers and part of that is leading anytime, anywhere, anyhow shopping – quick commerce deliveries like GrabMart is one such example of that,” he elaborated. The report noted that shopping traffic has returned in all major shopping malls across the country. per cent, but GDP dropped to 5.6
Murphy opened his first bottle shop in 1952 in Chapel Street, Prahran, Victoria, and differentiated the business by offering a guarantee to beat competitors’ prices. We haven’t seen any indication of customers trading down when it comes to the products they shop for with us,” Pfeiffer-Smith said. Download here.
Australia, like many other regions, is witnessing a significant shift in consumer behaviour, with e-commerce playing an increasingly integral role in the retail landscape. According to recent statistics, online retailsales have experienced substantial growth, reaching a staggering $40.2 billion in 2022.
The tradition of gift-giving at Christmas drives billions of dollars in retailsales every year. According to a recent survey commissioned by The Body Shop, 1.5 Charity retailer Salvos Stores aims to tackle the unintended waste around Christmas by encouraging more consumers to purchase secondhand gifts.
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.
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.
Retailers in China face a daunting near-term future after a disappointing mid-year online shopping festival that has also clouded the recovery prospects of the world’s second-largest economy. Sales during the marquee Singles Day shopping bonanza last year grew just 2 per cent.
Australian retailsales are on the rise, but new research suggests that this growth is driven by inflation, not by consumers buying more. Get to know customers to understand and influence their inflationary shopping behaviours. Plan for and adapt to market shifts to emerge stronger from these challenging conditions.
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. It’s a really vibrant space, and we’re so excited to open,” Sandra Kennedy, Sheike’s general manager, told Inside Retail.
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
Estee Lauder expects to drive incremental operating profit through the initiatives in its profit recovery plan of $1.1 The company posted net sales of $4.28 Net sales in Asia Pacific were down 7 per cent driven by China’s weak performance and partially offset by growth across other markets led by Hong Kong’s double-digit growth.
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.
We organize all of the trending information in your field so you don't have to. Join 29,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content