Remove Retail Sales Remove Retail Space Remove Shopping
article thumbnail

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.

article thumbnail

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

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Going green: How leafy streets can boost foot traffic

Inside Retail

Beyond the social and environmental benefits and aesthetic appeal, the addition of green spaces in urban areas can have an enlivening effect on the retail industry, boost the local economy and make shopping a more appealing prospect. A calming effect.

Space 264
article thumbnail

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.

article thumbnail

Walmart unveils digital revamp amidst battle for supremacy with Amazon

Inside Retail

Battling Amazon According to Mal Chia, director at Australian digital consultancy Ecom Nation, Walmart is locked in a battle with Amazon for supremacy in the big box online retailer space in the US. He noted that Amazon sets the bar for online shopping because the experience is so seamless. Only time will tell.

Pattern 130
article thumbnail

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

article thumbnail

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.

Pattern 52