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What luxury retailers need to know to succeed in the year ahead

Inside Retail

By 2021, luxury sales had fully recovered, rising 32 per cent to surpass 2019 numbers. The year 2022 was the second consecutive one of double-digit sales growth after the pandemic, with sales up 20 per cent, supporting 24 per cent growth in the 2019-22 period. What a difference a year makes. million millionaires).

Jewelry 228
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The China Syndrome: Japan department stores missing tourist shoppers

Inside Retail

In 2019, it brought in 233.5 billion at today’s exchange rates, accounting for close to a quarter of the revenue from the company’s department store business. The Japan Tourism Corporation states that, in 2019, more than 30 million people visited Japan. But a better reference point is the corresponding period of 2019.

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How Southeast Asia’s DIY giants do home improvement differently

Inside Retail

Estimates of the size of the market in Thailand vary wildly but the top three players – Homepro, Siam Global House, and Central Retail’s Thai Watsadu – account for about 135 billion Thai baht ($5.8 The clear market leader in Thailand is Homepro, which operates 87 stores, plus seven in Malaysia.

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The rise of cannabis retailing

Inside Retail

It is the most-used illicit drug in the country, with 35 per cent of people saying they have used it at some point in their lives, and 11 per cent using it in the past 12 months. billion by 2024, with medical cannabis accounting for about 40 per cent of that amount. Design innovation.

Boutique 246
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What Japan’s newly-opened border means for its struggling retailers

Inside Retail

It’s been a long time coming for Japan, which finally reopened its borders to independent foreign travellers on 11 October, after relaxing Covid-19 restrictions for residents earlier this year. This has led the two airlines to adjust their international capacity projections to about 60 per cent by the end of March 2023.

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Can Nike stay on top of China’s activewear boom?

Inside Retail

The Shanghai Marathon, run in late November with more than 30,000 starters, has become one of the world’s elite running events, so sponsoring it and having your brand worn by the top participants is a pretty nice marketing coup. For Nike , there was mostly good news and only a wee little bit of bad news from this latest running.

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The Cotswold Company enjoys a strong ‘golden quarter’ with performance reflecting growing demand across both core online channel and retail stores

A1 Retail

This represents transformational growth of 64 percent against the comparable pre-Covid period in 2019 and reflects the positive impacts of effective marketing initiatives driving increased online traffic and retail footfall and an increased and engaged active purchasing customers (+14 percent y-o-y).