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Apac tipped to fuel global airport retail market recovery

Inside Retail

Asia Pacific’s airport retail market 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 retail space and passenger numbers as cross-border travel resumes and the relaxation of lockdown and duty-free regulations.

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

Inside Retail

Notably, the sales of luxury cars, predominantly dominated by Audi, Mercedes-Benz, and BMW in recent years, have reached record-breaking numbers, with all three brands witnessing nearly 100 per cent growth in retail sales compared to the previous year.

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Tips from a travel retail expert on tapping into passenger demand

Inside Retail

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

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How Retail Businesses Can Excel With Customer Services

Retail Focus

Surviving and thriving in today’s competitive retail market requires more than offering quality products at best prices. 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.

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How Korea’s big 3 department stores are killing it right now

Inside Retail

It experienced year-on-year sales growth of 18.7 Retail sales are off to a flyer in Korea so far this year. Total retail sales in the country were up 7.7 More significantly, sales in January-March were well above the level of early 2019 (+15.1 What’s driving the surge? However, significant challenges remain.

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Behind the “massive” potential for premium outlet centres in Japan

Inside Retail

Heads up though, space is limited only to small breeds that can fit in a pet cart or be carried. Sales per square metre for the nine centres open before Fukaya-Hanazono averaged approximately JPY1.16 Retail sales had been in freefall seemingly without a parachute for almost four years. Watch this space.

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Vietnam’s Vincom shifts focus from expansion to upgrades

Inside Retail

The company attributes this partly to a shortage of high-quality supply to address a strong demand for high-quality space. Luckily, Vietnam has never been dependent on tourism to drive demand to the same extent as some of its neighbours, notably Thailand, so it is mainly domestic consumption that will underpin retail sales growth.

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