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Southeast Asia as key market We see Malaysia as a prime opportunity, given its status as one of Southeast Asia’s largest and most developed economies,” Mohammad A Baker, CEO of GMG, told Inside Retail. Further reading: How Dubai sportswear giant GMG aims to crack the Southeast Asia market.
Approximately one-third of the space will be dedicated to food and beverage offerings curated by Gregory Gourdet, a three-time James Beard Award winner, including an all-day cafe, a Parisian-inspired raw bar and a French wine shop. Unlike its other locations, the Printemps New York store will not have shop-in-shops.
A 50-per-cent share of Brisbane’s Grand Plaza Shopping Centre has been acquired by EG Australian Core Enhanced Funds for an undisclosed amount. EG’s head of capital transactions, Sean Fleming, said Grand Plaza mall will benefit from the anticipated capital growth and cap rate compression across Australian retailmarkets this year. .
The use of videos as part of a retailmarketing strategy is a tried and tested method to catch consumers’ attention and drive sales. From TV shopping channels to online shopping, videos have demonstrated that they are the best method to connect with customers at the convenience of their own home.
The multi-store shopping centre steadily grew in popularity in the US, hitting peak popularity in the 1980s. According to a report released by real estate agency Cushman & Wakefield, in the first quarter of 2024, shopping center vacancy reached 5.4 As Baird warned, “Retailers need to pick their malls carefully.
Forget deal or no deal, it’s more like deal or disappointment for consumers, leaving much to be desired in terms of results for retailers. Timing is everything, and while retailers adjust their prices based on demand, consumers that have shopped around will likely walk away with the best rewards.”
Differentiating The bricks-and-mortar beauty retailmarket in Australia is becoming crowded, with Wesfarmers’ new beauty offering Atomica joining Chemist Warehouse’s Ultra Beauty, homegrown cult-favourite Mecca and international import Sephora. .”
Asia Pacific’s airport retailmarket is projected to grow to US$33.8 billion by 2026, driving the global market to $63.4 According to GlobalData, the growth will be driven by the increase in retail space and passenger numbers as cross-border travel resumes and the relaxation of lockdown and duty-free regulations.
Few events get the American retail industry buzzing quite like Amazon’s Prime Day, an annual shopping event with deals exclusively for Prime members. Another element was the increased focus on back-to-school shopping. Kaushik also noted that “Prime Day results indicate retailers can be optimistic about the holiday season”.
Trends in the Commercial Investment Market The retail real estate market was a focal point of this years MAPIC, with a strong emphasis on investors perspectives regarding retailmarket trends and outlooks. These sessions revealed an optimistic vision of the resilience of retail as an asset class.
China is the world’s largest retailmarket, accounting for almost 50 per cent of global retail transactions. Despite sales remaining below the pre-pandemic level and weak consumer sentiment, retail growth is expected to reach 5 per cent from 2022 to 2027. AI has significant potential to drive retail transformation.
Watsons’ “The Grand Store” in the Philippines is leading this trend by leveraging Artificial Intelligence (AI) and Augmented Reality (AR) to personalise in-store shopping. He went on to say that adoption and implementation would vary across retailers, markets and product categories.
Retail real estate options in Western Australia are expected to be limited in the future with just 43,000sqm of new space being offered in Perth between now and 2026, according to CBRE’s latest WA RetailMarket Overview.
Utilizing data analytics, retailers can deliver personalized marketing messages and customized product recommendations. This approach not only enhances the shopping experience but also increases the likelihood of conversions by making students feel uniquely valued.
While the everyday consumer has become pri c e-sensitive with the growing costs of living in the US, the 1 per cent is still spending – to a point where the luxury shoppingmarket has become more competitive than ever. The retail expert noted that “for discretionary luxury shopping in physical retail, this is paramount”.
Since launching in January 2020, Viv for your V has steadily built its direct-to-consumer (DTC) and e-commerce presence via retailers like Amazon and TikTok Shop. Inside Retail : How did the concept for the brand come about? IR : Ideally, what other retail partners would you like to add to Viv for your V’s roster?
Haul positions Amazon to directly compete in the fast-growing discount retailmarket, particularly against established players like Temu and Shein, which have gained substantial market share in recent years with their low-price business models. According to Statista, the US e-commerce market is estimated to generate US$1.2
According to the company’s sentiment tracker, Chinese consumers have a very strong desire to travel and recommence shopping in duty-free stores. The post Behind the rise of ultra-prestige products in Asia’s travel retailmarket appeared first on Inside Retail.
If you have three children and the UK has over 68 million people in their population, you do the math for this retailmarket. There are a few retail industries that are doing especially well in the kiddie market and this article aims to shed light on them. The toys also come at quite a hefty price tag.
of total retail sales in the UK in 2019 1 , climbing to over 38% in the first lockdown, and estimated to have settled in the region of 28-30% subsequently, retailers are now accepting that larger online capability is not just necessary but expected. References: 1 E-commerce share of UK retail sales 2019-2024, Statista.
The US luxury retailmarket was worth US$134.6 billion last year, retail analyst and GlobalData managing director Neil Saunders told Inside Retail. One retailer excelling in several of these areas is the German luxury e-commerce platform Mytheresa. That’s where we make shopping easy for them.”
In late 2023, Salesforce reported that 59 per cent of consumers had shopped on social media, a massive jump from 15 per cent in 2021. In the US alone, TikTok shop garnered 1.1 Given that shoppers in other markets have embraced it, however, the exam question is: Should this be regarded as a permanent or temporary difference?
The Memo will launch two locations in Melbourne to expand its footprint in the premium baby retailmarket. The company will open the doors to its Fitzroy location on May 31, while the second store, which is also the largest, will be unveiled on June 22 at Highpoint Shopping Centre in Maribyrnong.
Despite modestly positive expectations for 2024, the luxury retailmarket did not pan out as merchants had hoped. According to a 2024 report released by global management consulting firm Bain & Company, this market dropped two per cent from an all-time high of US$387 billion to US$381 billion.
Easyplant New York City When it comes to buying plants or anything greenery-related, the first place that comes to mind is probably a humble nursery or small mom-and-pop shop, rather than a chic boutique. The retailer opened its first bricks-and-mortar store at 15 Prince Street in New York Citys bustling Nolita neighbourhood.
Looking ahead to the future of online shopping, three key trends in particular are likely to have lasting implications. Around the world, direct-to-consumer (D2C) brands are becoming mainstream — and they’re causing a major shift in where, when and how shopping is done. Direct-to-consumer selling. And now’s the time to get ahead.
To meet the needs of the industry, EuroShop 2023 has been structured into eight clear experience dimensions, providing an even more visitor-oriented offering, synergies between different dimensions, and more hall space for strongly growing areas such as retail technology or refrigeration. Shopping becomes an interactive high-tech experience.
Lotte Duty Free has inked a 10-year concession to operate duty-free shops at Melbourne Airport as part of its effort to further gain influence in Oceania as international travel resumes. The South Korean travel retail giant will begin operating its Melbourne Airport store on June 1.
KPMG Australia partners James Stewart and Gayle Dickerson have been appointed administrators of Omni Footwear and Omni Retail. While predominantly selling comfortable footwear online, the retailer also operates physical outlet stores in the Moorabbin and Spencer Street DFO shopping centres.
Hardware retailer Bunnings is set to implement a trial four-day working week for thousands of its employees. The agreement was reached with the Shop, Distributive and Allied Employees Association (SDA) and will benefit 40,000 employees. The agreement will be submitted to the Fair Work Commission for approval after the workers’ vote.
Heinemann entered the Australian retailmarket in 2015, and has since worked to deliver innovative initiatives and products to passengers in Sydney International Airport. The company operates over 340 duty-free travel stores, fashion boutiques and concept shops at 74 airports across 28 countries.
In the last quarter, New York’s retailmarket has gone from frigid trepidation to sizzling enthusiasm. On the Upper East Side, Madison Avenue is pulsating with myriad new shops, re-openings, and relocations as luxury brands scramble to grab prime retail space. Retailers from every sector are getting back into the race.
Artificial intelligence (AI) is making strides in numerous industries, and retail is certainly no exception. Retailers are integrating AI with bricks-and-mortar shops and online platforms to give the shopping experience a remarkable transformation, enhancing both customer satisfaction and operational efficiency.
After starting as a sales associate at J Crew’s Liquor Store concept shop while studying menswear design at the Fashion Institute of Technology, Echevarria was recruited by retail legend Millard ‘Mickey’ Drexler to start a brand collaboration program. CE: Men are shopping more for themselves.
Fighting for relevance in a crowded retailmarket, small stores must find ways to create memorable shopping experiences to stand out and captivate their customers.
How the luxury grocery retailmarket blew up The market for luxury groceries is driven by three main factors: a growing disinterest in traditional luxury goods, the expansion of wellness culture, and the recent fashionability of food. We often think of grocery shopping as utilitarian and functional, and for many people it is.
In today’s new normal, the shopping experience is no longer defined by the boundaries of bricks-and-mortar, but by the customer journey as a whole. Consumers now expect retailers to engage them whenever and wherever they want, with a shopping experience tailored to their individual needs. Revolutionising loyalty programs.
The centre’s tenant lineup is a who’s who of high-end retail, featuring designers from all around the world. Prior to Gotemba, Japan’s retailmarket was tightly regulated and the industry in bad shape. Government statistics show that at the time of Gotemba’s opening, retail sales in Japan had fallen for 42 consecutive months.
The demand for Shein’s products didnt evaporate after the ban, creating a gap in the market that other fast-fashion brands, including Indian ones, are now scrambling to fill. According to Redseer Strategy Consultants, fast fashion emerged as the outlier and remained one of the few outperforming sectors in Indias retailmarket last year.
While these consumer behaviours are wide and varied, we can expect marked growth in rental, re-commerce and subscription retailmarkets and a decrease in people buying ‘brand new’ products. An example is squad shopping, where users collaboratively shop with friends in virtual environments.
For vape juice brands, staying competitive in the retailmarket requires a deep understanding of the latest trends influencing sales. Stronger Regulatory Influence Regulations around vaping products continue to evolve, shaping how vape juice brands operate and market their products.
The Q2 result is evidence that retail rents may have bottomed across most CBD retailmarkets and are on the way up, particularly for super prime assets,” said Leif Olson, CBRE’s Australian director of retail leasing. per cent to $6250 per sqm.
According to the latest retailmarketing research by IBM, ‘digital natives’ still prefer shopping in bricks and mortar stores to shopping online. And retailers must acknowledge and respond quickly to this – because ‘Generation Z’ is going to be much bigger than ‘Generation X’. billion by 2020.
Retailmarketing has evolved over the last few years. While advances in technology have allowed for more personalisation and better shopping experiences, the way consumers shop – both online and in-store – has changed significantly and the lines between the digital and physical world continue to blur further.
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