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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. Meanwhile, Hong Kong remains a strategic retail hub with a high-spending customer base and access to premium retailspaces.
What does Printemps US look like Unlike the grand 480,000-square-foot Printemps flagship on Boulevard Haussmann in Paris, the Printemps location on Wall Street will be much more compact, taking up 55,000 square feet of space. Unlike its other locations, the Printemps New York store will not have shop-in-shops.
With an expanded area and a new space dedicated to brand licensing (IP), LeisurUp, the zone dedicated to leisure and immersive experiences, brought together leading players such as Bandai Namco, Citywave, Cits Immersives, Hasbro, Dama Dreams, Dedem, Hupalupa, Smiley, QubicaAMF, Pausa, TF1 Licensing, Universal, Walltopia, and Zero Latency VR.
We’ve brought in a very experienced omnichannel retailer by the name of Jacq Vuleta as the chief customer and merchandise officer, Laing said. And within that space, physical retail reports through to Jacq, and she’ll have a head of retail and a retail structure under her as we open more stores.
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. It features parking space for 2500 cars, a refurbished food court, three supermarkets – Woolworths, Aldi and Coles – along with Target, Kmart, Big W and Event Cinemas as major tenants.
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.
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.
Last month, Amazon moved into the budget e-commerce space through the launch of a discount website, Haul, which offers consumer products priced under US$20. While established players navigate these uncertainties, the competitive dynamics of the market continue to shift with the emergence of new platforms and business models.
The Canadian convenience chain Dollaramas recent acquisition bid for The Reject Shop highlights a growing trend of international retailers assessing Australias discount market. I think weve got some world-class retailers in that space, and theyve mastered the tyranny of distance.
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.
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 retailspace and passenger numbers as cross-border travel resumes and the relaxation of lockdown and duty-free regulations.
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.
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.
Regarding marketing and selling products to consumers, product imagery is unquestionably one of the most important selling points. When considering the prevalence and dominance of e-commerce and digital shopping channels, traditional brick-and-mortar retail stores may question where this leaves them.
EuroShop 2023 will also be focusing on key topics such as Connected Retail, Smart Store, Energy Management, Third Places, Customer Centricity, Experience and Lively City Centres. One of the key dimensions of EuroShop 2023 is Shop Fitting, Store Design & Visual Merchandising, which is the heart of EuroShop and its largest dimension.
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 renovations are focused on a major upgrade to the centuries-old character of Ipswich’s original downtown area at Nicholas Street, culminating at Tulmur Place – the city’s civic square with more than 4000sqm of public space. That gives our city centre a big point of difference to typical homogenous shopping centre environments.
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 retailspace.
Unsatisfied with the natural products on the market, which she felt were either ineffective or unappealing to use, Lewisham made the decision to launch an evidence-based, B Corp-certified natural skincare brand. IR : How does Emma Lewisham fill a white space in the beauty market?
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.
Following the €1 billion acquisition of the KaDeWe property in Berlin’s most famous shopping street Tauentzienstraße, from Signa Prime Selection AG last April, Central Group has agreed to acquire the rest of the KaDeWe Group portfolio – Alsterhaus in Hamburg and Oberpollinger in Munich.
Visitors to Bucharest’s newest shopping destination can access everyday discounts of up to 70 per cent off some of the world’s leading fashion brands including Puma, Killtec, Tom Tailor, Lee Cooper, Triumph, Otter, Sizeer, Ecco, Colin’s, US Polo Assn and many others. The second and final phase will commence development in 2022.
Regular readers of Retail Focus will remember a recent article that focused on surfaces in retail and how shops and other venues can utilise these as part of their marketing strategy to help drive more sales. Then there is the floor beneath them. Ideal for mid-term use, this product can be installed by any employee. “To
Retail activity has been a defining facet of cities since antiquity. Retailspaces have evolved over time. Urbanisation, mass production and the rise of conspicuous consumption led to the high street and CBD dominating the retail landscape across the Western world from the late 19th century until the mid-20th century.
The retail landscape has changed drastically over the past few years as businesses continue to ride the wake of a subsiding pandemic. Contactless shopping, delivery, and curbside pickup — once a public health necessity — have now turned into conveniences many consumers regularly expect.
Brands that had previously relied on bricks-and-mortar sales had to accelerate their e-commerce strategies, TikTok became an extremely effective advertising and marketing tool, and certain retail categories like travel retail saw their sales drop virtually overnight. The market is expected to grow to US$126.48
Snap Inc is positioning itself as a platform for AR shopping with the recent acquisition of Vertebrae , a tech business that creates 3D models of products for customers to interact with. However, they’ve realised that AR has a strong potential in retail,” Romano told Inside Retail. Virtual try-ons advance hair and beauty.
Several years after the company’s first experimentation with a physical location – its first pop-up shop in San Francisco in late 2021 – Mercari opened its first permanent bricks-and-mortar location on Melrose Avenue in Los Angeles, California. All that said, we know it is hard to make resale work in a physical space. billion in 2022.
The new stores at the iconic luxury mall are designed to expand its lifestyle, beauty and food and beverage offerings so shoppers can get a taste of specially curated merchandise and unique shopping experiences. “We This program will cover around 111,000 sq ft of retailspace across levels one to three. Attracting crowds.
At Celadon, Aeon opened a hypermarket, aggregating a collection of local retailers and new-to-market Japanese brands it had experience with at home, intentionally building its own shopping centre destination rather than leasing space in someone else’s. Not only in Aeon shopping centres.
Not counting the shop in Slovenia this is the first step of an Irish clothing brand into the Central European market. But let’s be honest, the Irish brand enters a very strong retailmarket of affordable clothing and homeware in Central Europe. This shopping mall hosts a variety of brand. Over 261 000 sq.m
Understanding these regional differences allows companies to craft marketing messages, product assortments, and retail strategies that resonate with local consumers, giving them a competitive edge when targeting U.S. Leveraging Retail Trends for Success As you prepare to enter the U.S. retailspace.
The retail world and gambling space have two things in common—both have a high market value and a broad customer base. So, we’ll flip the coin this time and talk about how casinos can better retain their customers by borrowing strategies from the retail world.
By Jonathan Novak, Director of Design The shopping mall consumes an enormous amount of space in our collective consciousness. It occupies this space like the library and the stadium: as a powerful collective social space and a monumental physical object. The public loved them. So, of course, they were overbuilt.
In today’s modern, fast-paced world, it is no longer enough for retailers to simply expect consumers to walk in off the high street and begin spending money. Stores need to have some sort of appeal to draw in passers-by and offer them a memorable shopping experience that will leave them wanting more.
Great news for retailers this week – as Retail Week reports that new shopping centre developments in the UK are going to hit a four-year high in 2017. million sq ft of floor space open for business next year. million sq ft of new retailspace is due to open by the end of this year.
Now it will be famous for its shopping, too. From a tourist shopping perspective though, Fukaya is destined to be overshadowed by another Mitsubishi-Simon project, Gotemba Premium Outlets, about 200km to the south and within spitting distance of the famous Mt Fuji. . Where shopping and art coexist.
This strong leasing activity highlights continued strong demand for well-placed units within popular retail and leisure destinations, with the centre now 94% let by floor area. Both are occupying units on Braccan Walk with Søstrene Grene taking 6,000 sq ft of space.
While Shepard was already aware of the needs of trans and non-binary consumers, reviewing the research and seeing the overwhelmingly positive response to the launch of Both& has shown the necessity of having such a brand in the retailmarket. “So So maybe the surprise is that there weren’t more surprises,” Shepard mused.
Retailers have been using visual merchandising and props to draw in customers for as long as shops have been open. Tyrone Cano, head honcho at Propability, said to put it simply, visual merchandising is very important, almost essential, for retailers.
This week, The Iconic hard-launched a new brand campaign to serve as a reminder, to consumers and itself, that the online retail platform is far from finished with disrupting and innovating the Australian and New Zealand retail industry. Australians have never had more choice when it comes to shopping fashion online.
By the end, you’ll have a clear understanding of the opportunities and challenges that lie ahead in the retail sector for Brick-and-Mortar Stores in 2025. The Role of Brick-and-Mortar Stores Despite the surge of online shopping, brick-and-mortar stores remain vital. Have you considered launching your product brand in retail?
New Balance recently revealed a new retail concept store at Paragon Shopping Centre in Singapore centred on experience and carrying a curated selection of footwear and apparel that caters to athletes and fashion enthusiasts. The open concept creates a space where consumers can shop cross-category to match their personal style.
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