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Apac tipped to fuel global airport retail market recovery

Inside Retail

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. per cent this year, resulting in a boost in retail sales. However, it does not expect pre-pandemic levels to return until 2024.

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Retail in 2024: Adaptation and Opportunities in an Ever-Changing Environment

CAAD

The retail industry is undergoing a transformation in the first half of 2024, addressing challenges that demand agile adaptation to new trends , especially since the COVID-19 pandemic. growth in retail sales , the highest increase recorded in the European Union.

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Tips from a travel retail expert on tapping into passenger demand

Inside Retail

Secondly, Heubel recommended that retailers should “be more sophisticated around data, and collaborate with airlines. By “talking” to passengers through their travel retail expeditions, retailers will have a more in-depth understanding of what consumers are looking for and their shopping patterns.

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Global luxury brands find safer passage into India’s premium retail market

Inside Retail

India and the luxury retail boom According to the Bain & Company-Altagamma Luxury Study report published last November (2022), the Indian luxury market is projected to expand by 3.5 Fueled by a burgeoning young population and affluent consumers exposed to global trends, luxury retail is experiencing rapid growth.

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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. per cent) and department store BHG (1.0

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

Inside Retail

It also operates a smaller format called Vincom+ to address the needs of consumers in secondary locations (15 malls), and Vincom Center (7 malls), another CBD concept with a GFA of 40-60,000 square metres. Consumer prices were up 4.3 per cent occupancy) and Vincom Plaza (79.5 per cent) are a drag on portfolio occupancy.

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How Retail Businesses Can Excel With Customer Services

Retail Focus

Exceptional customer service goes beyond driving sales. The annual retail sales in the UK totaled 496 billion pounds in 2022, growing significantly over the last decade. Considering these numbers, retailers have valid reasons to go above and beyond to capture their fair share of the market.