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Ikea buys former Topshop Oxford Street store

Retail Focus

Since 2019 Ikea has opened shops in major cities such as Tokyo, Madrid, Moscow, Paris and New York to grow its presence on busy high streets. This property offers great potential for retail space, and we firmly believe in the long-term value of the real estate market in London.”.

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Why the return of overseas tourists won’t help retail bounce back – yet

Inside Retail

The lack of international tourists over the last two years has cost the retail industry an estimated $90 billion – given tourists spent around $45 billion between July 2018 and 2019, according to data from Tourism Research Australia.

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Retail Spaces That Build Community

Quarter 20

Industry experts now cite community building and personalization as key ingredients for physical retailers to remain competitive in an increasingly virtual marketplace (. Retail's Seismic Shift, 2019. ). Latest retail results show department stores need more than touch-ups. Community Retail Brand Building.

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Exclusivity the name of the game as luxury firms target ‘VICs’ for growth

Inside Retail

From 2019 to the beginning of 2022, China’s domestic luxury sales doubled and some brands recorded year-on-year growth rates of 40-60 per cent with middle class consumers accounting for “more than half” of that growth, according to Jacques Roizen, managing director of consulting at Digital Luxury Group. .

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From KL to the UK: Pop Mart’s Justin Moon talks global growth

Inside Retail

Pop Mart recently acquired UK-based retailing company, Mogic, as part of its plan to strengthen its presence in the European market, and it has opened its first store in Malaysia, ahead of further growth in Southeast Asia. We take an adaptive localisation approach, including localisation of management methods, manpower and products.

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After changing hands, designer label OnceWas is banking on digital to grow

Inside Retail

Belinda Glynn: I have been the designer and creative director at OnceWas since its inception, and my business partner, Linda [Cerny], was the wholesale manager. We were given the opportunity to buy the brand in late 2019, and after months of negotiations plus a number of setbacks due to Covid, we finally took over in August 2020.

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How Amazon more than tripled its profits in Q1

Inside Retail

“They are now so big and so powerful that Amazon is the default,” Nathan Bush, director of e-commerce strategy at eSuite, told Inside Retail. One weak spot in Amazon’s quarterly results was its physical retail sales, which fell by almost 16 per cent. “To billion in 2019. “As