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Harvey Nichols’ closure highlights shifting luxury landscape in Hong Kong

Inside Retail

But the rise of competing shopping hubs like China’s Hainan island, changing consumer preferences and a rise in online shopping have fundamentally changed demand for luxury goods in Hong Kong and are starting to reshape the city’s visitor economy, according to industry experts. Few, however, were shopping for designer gear.

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For Singapore’s Capitaland, the mall comes roaring back

Inside Retail

E-commerce in Singapore had a couple of bumper years in 2020-21, but online sales growth plateaued in 2022 as a percentage of Singapore’s retail sales : for Capitaland’s malls, many of them part of integrated mixed-use projects, it was time to start taking full advantage of normalisation. Retail occupancy is 98.3

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How Amazon more than tripled its profits in Q1

Inside Retail

Amazon.com has posted its fourth straight quarter of record profits, thanks to the global shift to online shopping during the Covid-19 pandemic. . billion on sales of US$108.5 billion on sales of US$108.5 The two-day online shopping event occurred in October last year due to uncertainty around the pandemic. “In

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Tips from a travel retail expert on tapping into passenger demand

Inside Retail

What does travel retail mean? Travel retail refers to the sale of goods and services to domestic and international travelers in airports, train stations, border shops, cruise terminals, and other locations. In 2019, the global travel retail market was valued at US$74.31 per cent ove overall sales.

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Why Vietnamese mall giant Vincom is well-positioned for growth in 2023

Inside Retail

Vincom’s leasing revenue has now edged up above the level of 2019, a key benchmark, and in the first nine months of 2022 is up 29 per cent from the January-September period of 2021. million visitors, represent a small fraction (15 per cent) of international arrivals in the first 9 months of pre-Covid 2019. Solid leasing market.

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How to Transform Your Retail Store for the Modern Shopper

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According to a McKinsey’s 2019 report , the prophecies of the decline of the brick and mortar stores are overly exaggerated – with e-commerce forecasted to account for only 21% of retail sales. Incorporate Social Spaces in Your Shopfront. Best of all, they’ll also keep them coming back for more.

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