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Vietnam’s Vincom shifts focus from expansion to upgrades

Inside Retail

Vincom tries to cover itself with four tailored formats: Vincom Center, which is designed for high-density locations; Vincom Mega Mall, a retail/entertainment concept averaging about 110,000sqm of gross floor area (GFA); and Vincom+ and Vincom Plaza, two formats that are oriented toward smaller provincial cities. per cent.

Expansion 130
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How HomePro aims to grow in Thailand’s fragmented DIY market 

Inside Retail

The company believes sales are now on a sustainable pathway, following 7.5 per cent growth in 2022, bringing total retail sales to 65.1 This was a significant milestone because, after a slump lasting two years, it finally brought sales above the level of 2019. Net profit came in at 1.6 billion THB, or about $72 million.

Marketing 130
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2022 Retail Predictions

Tusco Display

But the numbers show that although e-commerce sales will exceed $1 trillion in 2021, 84% of retail sales are still coming from physical stores. Large scale investments in independent locations like Dick’s is doing may not be possible for some retailers that want to create an experiential location but without the footprint.

Concept 40
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Bottles to bears: The Aussie toy company making Walmart more sustainable

Inside Retail

Founded in 2007, it’s the largest Australian-owned toy company based on retail sales in Australia, according to NPD data. Beyond Resoftables, Headstart creates everything from ride-ons to inflatable products and sporting goods. It’s owned by David and Andrew Hendy. Cost of toys to rise.