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What China’s latest retail sales reveal about changing consumer spending

Inside Retail

Reporting by the business media of retail sales and other economic data produced by governments in developing Asia is often too trusting. Officially then, China’s retail sales rose by 4.7 The online share of total retail sales is now 23 per cent. billion, Same-store sales grew by 6.6 per cent to US$4.0

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Network Rail annual retail sales surpass £800m

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Network Rail, announced that retail sales reached over £800m in the past 12 months across its retail portfolio of 19 managed stations in Great Britian.

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E-commerce growth could create 12 million sq ft of last mile logistics space requirements by 2025, says Knight Frank

Retail Times

E-commerce sales are forecast to rise from 27% to 30% by 2025, resulting in an additional £37 billion worth of online retail sales. Knight Franks analysis of hub and spoke networks servicing online retail found that 23.5%

Space 98
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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. We can see this reflected in the push to outdoor and rooftop gardens within urban spaces as well. “As

Space 264
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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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Retail expert on China’s department store dilemma and potential growth drivers

Inside Retail

The latest forecasts predict that China’s GDP and total retail sales of consumer goods will hit growth rates of 4.8 per cent) of surveyed department store operators expect their sales to grow in 2024, a significant decrease from last year’s 85.7 per cent and 6 per cent respectively. Two thirds (66.3

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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.