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Aeon Mall, Japans biggest mall operator and an increasingly influential one throughout Southeast Asia, has turned in another record quarter for operating revenue, but not every one of its markets is singing from the same songbook. While Japan and Vietnam are delivering, China is problematic and Cambodia is still stubbornly weak.
South Australian-based private investor Taplin Group has acquired Adelaides Kurralta Village shopping centre via an off-market deal for $75.2 It is anchored by Coles and Kmart alongside 12 specialtystores, with an annual net passing income of around $3.5
It isnt just the chocolate itself thats at risk: the cost of the packing materials where the sweet stuff reposes is through the roof as well. There are other indicators too that specialtystores are gaining market share. per cent compared with the same month a year ago. That brought growth for the whole year 2024 to 2.5
It’s no secret that consumers are still spending big on their pets even in a cost of living crisis – and the launch of luxury pet accessories brand Mon Petit Amour Manolo, which sells collars starting at $550, is proof of this. billion in 2023.
currently directly operates 1,057 stores, with partners and distributors operating an additional 541 stores across 100 countries. products also are distributed at department and specialtystores around the world. shares were trading atmarket close on March 14.
Tapestry Marks Strong Holiday as Capri Struggles Since ending its planned merger with fellow American luxury house Capri in November following regulatory pushback , Tapestry has recorded strong performance , in contrast with Capri, which saw double-digit declines at its biggest brands, Versace and Michael Kors , during the recent holiday period.
Specific details regarding the inaugural Saks Fifth Avenue store’s launch timeline and location in India have not yet been announced. Additionally, Indian fashion brands Afew by Rahul Mishra and Akok by Anamika Khanna will expand their US presence with an exclusive launch at Saks Fifth Avenue’s New York flagship store.
And here’s a glimpse at three places in this year’s list that we think are worth knowing. When it comes to a world-class customer experience, Chadstone puts Australia on the map,” Tully Walter, strategic futures director at Soon Future Studies, told Inside Retail. The rest is all about entertainment.
The centre occupies a 33,298sqm site, and is anchored by Coles, Woolworths and Target, along with 65 specialtystores including Bing Lee, Fitness First and The Reject Shop, cafes, restaurants and takeaway outlets. The acquisition boosts JY Group’s Australian asset portfolio to almost $1.8
This initiative signals a strategic refresh of the retail offering, presenting opportunities for dynamic brands across food and beverage, news and books, and various specialty categories. While the long-term vision includes new terminal facilities at Airport Central slated for 2031, Perth Airport is firmly investing in the now.
Collapsed Australian non-alcoholic drinks specialtystore Sans Drinks has been acquired by online wine retailer, Just Wines. Founder of Sans Drinks, Irene Falcone, will continue to participate in the business involved with marketing and strategy.
Target Australia managing director Richard Pearson is just the latest person to attempt a turnaround at the perpetually underperforming retailer, but nearly one year into his role, this time, he says, is different. Taking share off specialtystores. While it’s still early days, there are some positive signs of progress.
Since then, weve grown from a small startup to a recognised brand, expanding from direct-to-consumer into major retailers across Australia and international markets. At the same time, health became front and centre. Weve gone from four products at launch to a portfolio of 12, and were leading our categories in most major retailers.
As a result, marketers need to work harder to sell to young Americans. Predictably, BCG found that Gen Z and millennials are increasingly turning to grocery shopping over take out and online marketplaces instead of specialtystores. As in stores, customers should be guided to related products based on individualized criteria.
While Urban Outfitters ’ assortment is designed for consumers in their teens and early 20s, Anthropologie provides a destination for consumers’ “next generation of life,” when they’re starting careers and families, according to Chief Marketing Officer Elizabeth Preis.
The retail operations are not just confined to malls but also incorporate custom-built high streets and markets. The company’s mall portfolio itself now stands at 87 in the Philippines and eight in China, collectively bringing in $1.3 The wet market still reigns supreme for the time being. billion of revenue in 2023.
Teams of residents at the roadside manning plastic swimming pools and chest-high vats of ice water exchange fire with passing teenagers crammed into the back of pick-up trucks. The company has a new banner on its app called Active Hub, which connects users with a calendar of sports events at all of its 87 malls around the country.
Colliers and Cygnet West are jointly marketing the shopping centre, which has 14 large format retailers and five specialtystores, including Amart Furniture, Beacon Lighting, PetO, Bedshed, Kitchen Warehouse, Forty Winks, Adore Home Living, and BBQ’s Galore. The Joondalup Square shopping centre in Perth is up for sale.
Revenue increased by double-digit percentages in all of Aeon’s overseas markets (China, Vietnam, Cambodia and Indonesia), and by 2.4 million), due to an impairment expense and a provision for store closings. million), due to an impairment expense and a provision for store closings. Specialtystore sales rose by 8.3
Inflationary pressure on consumer discretionary spending, supply chain disruptions and elevated inventory levels, which tie up a retailers’ net working capital, are set to create the perfect storm for retailers that do not have a strategy in place to ensure they are well positioned for the choppy market conditions ahead.
In its latest financial report, for the quarter ending 31 May, Aeon was at pains to push that point further. Regional trends This year, Aeon expects specialtystore sales in its China shopping malls to grow by 30 per cent, which would normally be a forward indicator of strongly positive leasing spreads.
A decade after making its debut in Vietnam, Japanese retail giant Aeon is making a move into regional towns, armed with 10 years of data about local consumer behaviour and a renewed commitment to what is now its second-largest international market. The site is expected to be trading by the end of this year.
Aeon Mall, Japan’s pan-Asian mall developer, is slowly but surely engineering a shift in its development focus from Japan to growth markets in China and Southeast Asia. As a result, the contribution of those non-Japan markets to revenue can be expected to increase steadily. Operating revenue at Aeon’s China malls grew by 14.2
The Scalefast acquisition further extends ESW’s market strength in apparel, beauty, personal care, and luxury markets into categories including entertainment, gaming, and electronics. The combined company will continue to create hyper-localized online shopping experiences for leading brands serving customers in over 200 markets.
In a world where technology, from smartphones to AI, is being integrated into almost every aspect of daily life, it may surprise some people to learn that the stationery market is thriving. At the conference, Atighetchi spoke with Saunders about Papier’s focused approach to omnichannel distribution.
First though, it is focused on getting its operational and financial metrics back to pre-pandemic levels, which has proven to be easier said than done, as multiple waves of Covid-19 and robust official countermeasures have repeatedly rocked its two biggest markets: China and Japan. billion yen (about $30.8 The three-year plan.
INTERSPORT has officially announced the global launch of its new football specialist store format, as it continues to pursue a personalised and hyperlocal approach that matches the needs of consumers in its 42 markets round the world.
Now it’s here: first launched in the UK and several Asian markets, TikTok Shop was quietly made available in the U.S. Educational Insights first launched its shop in April 2023, and Lee Parkhurst, Senior Brand Manager at the company, said they’ve “been quadrupling our business month over month since.” in November 2022.
We have assembled all the numbers you need, including store operations, shopper behaviors, how retailers market their businesses, and much more. If you own a retail store or are considering shop ideas for a new one, take a look at the stats below. The retail market size is continuously growing. Physical Stores.
While the latter may be true, excess inventory also has a silver lining of hidden pathways to optimizing excess inventory that lead straight to your bottom line through distribution in the off-price retail market. In turn, brands should view their affiliation with off-price retailers as opportunistic partnerships. Eco-Friendly Benefits.
Both Bath & Body Works and Victoria’s Secret are leaders in their respective markets and, as separate businesses, each will be ideally positioned to benefit from a sharpened focus on pursuing growth strategies best suited to each company’s customer base and strategic objectives,” said L Brands chair Sarah Nash.
Senior retail consultant at Univers Retail | Published author | Visiting lecturer. This transformation can be dissected into several distinct stages, often referred to as disruptions, in which retailers competed on multiple fronts: for physical space, consumer attention, and innovative store layouts and designs. Ghalia BOUSTANI.
Located in the rapidly growing Moreton Bay region, MKT Square’s stage two master-planned multi-million-dollar transformation is nearing completion, offering retail and hospitality operators far and wide the opportunity to be part of the growing market.
However, with Japans Aeon Mall having announced its plan to make Vietnam a focal point of its overseas development and other players nosing into the market, Vincom doesnt have much more time to get its house in order before the competition starts biting hard. Both metrics were driven by same-centre sales growth for specialtystores of 7.4
Cue Swaggle, a hyper-personalised pet care platform that is disrupting the market and doing things differently with the goal of being “Australia’s favourite destination for each and every pet moment.” Raining cats and dogs In 2024 the Australian pet food market alone is projected to generate US$3.06
When Ashley Raymond, Danna Tao, Margy McCallum, and Meagan Doyle teamed up for a class project at The University of Texas at Austin, little did they know they would launch not one but two companies together. According to Verified Market Research , the self-defense products market was valued at around $2.9
For supermarkets, at least. The global sports nutrition market size was valued at US$10.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.9 We will have a series of educational content through our marketing channels including Coles&Co and the very popular Coles Magazine.
For supermarkets, at least. The global sports nutrition market size was valued at US$10.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.9 We will have a series of educational content through our marketing channels including Coles&Co and the very popular Coles Magazine.
In addition, new vendors are entering the market with innovative ideas and technologies that can ease the returns process for both the customer and the retailer, as well as improve profitability. “In At the end of 2019, Dressbarn completed “the orderly wind down” of its 650 -store retail business. Happy Returns is not alone.
The Westons are said to be seeking £4 billion for their European department store assets, including Selfridges’ four stores in the UK, Brown Thomas and Arnotts in Ireland, and De Bijenkorf in the Netherlands. Valued at more than US$12.9 Central’s superregional malls and department stores are ubiquitous in Thailand.
First quarter results for calendar year 2022 are in for the three biggest Korean department store retailers, and the numbers are encouraging. Shinsegae, Lotte, and Hyundai account for the top nine department stores in the country (coming in at number 10 is Galleria’s high-end flagship in Seoul). The big picture. per cent to 22.2
SM Prime is not just a developer and operator of garden-variety malls: it develops whole ‘lifestyle cities’ with residential, office, hotel, convention and entertainment uses integrated with enclosed malls, markets and retail high streets. per cent and the CPI, though still uncomfortably high at 3.7 per cent in 2023 and now sits 8.6
Not content with just giving the store a new look and elevated market position, Central even rechristened it, somewhat Inauthentically, as Store of Bangkok. The detail: While top-line sales in the food segment rose by 12 per cent in the fourth quarter, same-store sales were down by 2 per cent.
The story so far “At Deliveroo, we understand the need to deliver the next unexpected product, especially as food trends evolve ever so quickly in Singapore, and we’re continually adapting to meet consumer demand,” Parke told Inside Retail.
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