Inside Retail

MAY 23, 2023

According to China’s Ministry of Culture and Tourism , the recent Lunar New Year holidays saw 308 million domestic trips, generating almost RMB 376 billion (A$80.7 billion) in tourism revenue. Wang said the return of Chinese tourists is good news for overseas retailers as well. billion) in travel spending.

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Inside Retail

OCTOBER 13, 2023

Precision Group, along with its luxury retailers, is investing $125 million in Adelaide Central Plaza over the next three years as it intends to make the shopping centre Australia’s next luxury retail hub. The company added that retail spending in Adelaide CBD reached $1.5 billion last year.

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Inside Retail

OCTOBER 1, 2023

LVMH Group’s travel retail arm DFS has unveiled its latest luxury retail and entertainment development in Hainan dubbed DFS Yalong Bay in Sanya. The luxury development is expected to lure more than 16 million visitors annually by 2030, becoming the prime destination for luxury shopping in the region.

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Inside Retail

OCTOBER 17, 2021

Duty free shop operators and other airport retailers will be happy with the long-awaited (limited) opening of Australia’s international borders in November. And will retail be a net winner or loser from a total international border reopening? What will that mean for retailers? Let’s try to answer each of these questions.

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Inside Retail

FEBRUARY 6, 2024

Following the sale, Federal Group plans to reinvest in its overall business, as well as its hotel and tourism assets. The post Coles buys 20 stores of Federal Group’s bottle shop chain 9/11 appeared first on Inside Retail Australia. All 9/11 employees will reportedly be offered employment with Coles Liquor.

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Inside Retail

JULY 18, 2023

The recovery in tourism has been a lot slower than many expected, but we’re getting there. Retailers, particularly in tourist locations, were licking their chops, as well they might after so long when often the only sound they had been hearing in their stores was pins dropping. How is it affecting retail? million visits.

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Inside Retail

MAY 6, 2024

This includes the Levi’s Tailor Shop, an embodiment of craftsmanship where denim aficionados can breathe life into their apparel through bespoke touches of embroidery, patches, and fabric panelling. Bangkok, in particular, is a prime shopping destination for both international visitors and local shoppers alike,” he told Inside Retail.

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Inside Retail

NOVEMBER 8, 2021

When European countries started reopening their borders to one another back in June and tourism within the EU began anew, it raised some envious eyebrows in the APAC region but didn’t make a ripple in terms of policy. APAC countries are now making noises about accelerating the restoration of their tourism industries to pre-covid norms.

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Retail Gazette

SEPTEMBER 1, 2023

Total UK footfall dropped last month due to the “sunless summer”, the British Retail Consortium (BRC) has revealed. Meanwhile, retail parks footfall stayed the same, while shopping centre footfall dipped 3.8% of retail sales taking place digitally – the highest proportion since February 2022.

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Inside Retail

DECEMBER 6, 2023

Thai retail conglomerate Central Retail (CRC for short) has launched full-on into the wholesale business under the name Go Wholesale, and is planning to give CP Axtra — parent company of retailer Lotus’s and wholesaler Makro — a run for its money. In the September quarter, its sales in the fashion category were up 8.2

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Retail Gazette

JANUARY 29, 2024

Ditching tax-free shopping for tourists is costing the UK £11.1bn and deterring around 2m foreign visitors per year, the Centre for Economics and Business Research (CEBR) revealed. The news comes as over 420 business leaders have called on the Prime Minister to reinstate tax-free shopping for tourists.

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Inside Retail

JANUARY 9, 2024

Part of the continuing strength in department stores sales is inbound tourism, and by September the numbers had virtually caught up with 2019, with 2.2 However, since tourism is to some extent a one-off growth driver (recall that Japan was still closed through much of 2022), department store executives are not getting carried with it.

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Inside Retail

MARCH 10, 2022

Duty-free retailer Heinemann Australia has expanded its space at Gold Coast Airport as well as extended its contract until 2029. . The shop size will expand to 1324sqm across departures and arrivals and Heinemann will bring more new brands to Gold Coast Airport. .

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Inside Retail

AUGUST 16, 2023

Super Retail Group has reported record sales and improved profitability in full-year results. Group online sales fell 12 per cent to $445 million as customers returned to in-store shopping. Group online sales fell 12 per cent to $445 million as customers returned to in-store shopping.

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Inside Retail

DECEMBER 17, 2023

Hong Kong’s luxury retailers are adapting to fewer wealthy Chinese shoppers visiting the city and a shift towards tourists flocking to Instagram-coveted spots in trendy districts rather than splashing out on pricey branded gear. British luxury department store Harvey Nichols is at the forefront of the changes. .

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Inside Retail

JANUARY 26, 2023

Most of us in the retail industry were optimistic about the return of tourism two years ago, when mass vaccination programs kicked off. So is 2023 finally the year when international tourists give retailers a belated big lift? That includes retailers in food and beverage. Will they gamble instead?

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Retail TouchPoints

MARCH 19, 2021

The event, which is being organized by retail marketing company ECRM , will focus on products across grocery and household , apparel , beach , tourism and general merchandise , among other categories. Walgreens will host a virtual Localization Summit on May 13 to source new products from local and regional businesses and entrepreneurs.

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Retail Focus

MARCH 19, 2024

The 2,372 sq foot Scottish flagship is the latest addition to the brand’s retail expansion and showcases a new store concept that combines modern design with timeless elegance. Prime Positioning “Shop, live, work, stay, play”, is a popular mantra encouraged by a new wave of leisure districts.

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Inside Retail

APRIL 12, 2022

Located in a heritage-listed building, the shop features 749sqm and will showcase Rodd & Gunn’s seasonal fashion collection as well as offer a dining experience. James St is the lifestyle hub of Brisbane and a major drawcard for local, interstate and international tourism,” said Josh Beagley, executive GM of hospitality.

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Inside Retail

MAY 2, 2021

Dr YK Pang, chairman of the Hong Kong Tourism Board (HKTB), said it’s a milestone for preparing the city for the return of visitors. “We Whether the decision will have a positive impact on retailers is hotly debated, but travel retailers are glad to see some signs of movement once again. Marginal difference.

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Retail Times

JANUARY 24, 2024

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Thistles shopping centre in Stirling has welcomed its first new retailer of the year, eurochange to the mall, expanding the centre’s existing travel offering.

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Inside Retail

OCTOBER 26, 2022

The duty-free shopping destination, featuring the ‘Duty-Free, Free Plus’ tagline, takes over 280,000sqm of the city’s west coast and is home to more than 800 retail brands. About 4000sqm of the main store is dedicated to high-end luxury retail brands.

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Inside Retail

APRIL 24, 2023

Source: Tiffany & Co The splashy reopening of Tiffany & Co’s flagship store on the corner of Fifth Avenue and East 57th Street is a renovation representing the billions of capital investment in one of New York City’s most iconic shopping districts. This is after a lot of retailers struggled during the pandemic.” There were 47.3

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Inside Retail

MAY 18, 2021

Bain now sees a 30 per cent probability that sales of high-end handbags, clothes and jewellery will return to or exceed their 2019 level of US$340 billion this year, depending on how quickly vaccines are rolled out and tourism picks up. The US market has been the unexpected bright spot,” Bain said. The speed of the recovery has been uneven.

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Inside Retail

FEBRUARY 20, 2022

Super Retail Group reported first-half results delivering $1.7 million as the peak Christmas trading period was impacted by a reduction in footfall in shopping centres and stores. per cent due to lockdowns and reduced tourism. billion in revenue, supported by a strong inventory position despite supply chain disruptions. .

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Inside Retail

FEBRUARY 3, 2022

Spare a thought for retailers, food and beverage operators, and hotels in tourist destinations throughout Asia. I estimated at the beginning of last year that these 10 cities earned US$49 billion less in retail, food and beverage spending in 2020, compared with 2019, because of international border closures.

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Inside Retail

OCTOBER 28, 2022

Margaret River Shopping Centre and Busselton Boulevard Shopping Centre in Western Australia have been put for sale for the first time in 10 years. The two locations, which are south of Perth in popular tourist areas in Western Australia, are retail centres with Coles as their anchor. Busselton Boulevard Shopping Centre.

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Inside Retail

JULY 31, 2023

Australian online travel agency Luxury Escapes has opened its first permanent bricks-and-mortar store, replete with “stunning visual displays and interactive customer activations,” at Chadstone Shopping Centre in Melbourne. The company first entered the retail space in 2017 with a pop-up store on Collins Street in Melbourne’s CBD.

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Retail Gazette

JULY 6, 2023

A rise in tourism has sparked new calls for the government to u-turn on its decision to remove tax-free shopping for overseas customers. It comes as data by the trade association found that footfall in high streets and major cities were up “thanks to an increase in international tourism”. year-on-year.

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Inside Retail

MAY 7, 2024

In a glamorous unveiling that brought a touch of sparkle to Kuala Lumpur, Chinese jewellery retailer Lukfook Group recently marked a significant milestone in its international expansion strategy with its first Lukfook Joaillerie boutique in Malaysia.

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Inside Retail

JUNE 6, 2023

In turn, retailers are increasingly identifying the opportunity to capture the attention of consumers while they’re on the road, in the air, and across the sea. Department store Saks Fifth Avenue is expanding its luxury personal shopping and styling service, the Fifth Avenue Club, via private, standalone suites across the United States.

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Retail Focus

DECEMBER 10, 2021

Also just opened is leading sports retailer, Lids. According to their analysis, during May and July, Icon Outlet achieved 50% of its turnover from domestic tourism outside its principal catchment area, up from 25% before the pandemic. The post Clarins and Lids open at Icon Outlet appeared first on Retail Focus - Retail Design.

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Inside Retail

MAY 2, 2023

There was huge momentum behind the ‘shop local’ movement over the last few years, as consumers were restricted to certain locations during Covid-19 lock-downs, and felt connected to the success and survival of local businesses. But] the picture is not all rosy.

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Retail TouchPoints

FEBRUARY 7, 2023

Macroeconomic forces — from inflation to corporate layoffs and the unknown impacts of a recession — are creating uncertainty throughout the retail industry. Bain & Company data validate this perspective, noting that Europe managed to recover beyond the 2019 pre-COVID baseline due to the spike in tourism as well as solid local demand.

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Inside Retail

JANUARY 19, 2022

“Regionally, full-price comparable-store sales were driven by continued strong performance in the Americas, a material sequential improvement in Asia Pacific as Covid-19 restrictions eased and improving trends in EMEIA despite an ongoing lack of tourism.”.

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Inside Retail

NOVEMBER 14, 2022

Shoppes at Londoner is the latest project from Sands Retail and, together with developments at the Venetian, Four Seasons and the Parisian on the Cotai Strip, constitutes Sands Shoppes Macao, the largest duty-free luxury shopping experience in Macao. It is part of Sands Retail’s vision to bring ‘the best of London to Macau’.

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Inside Retail

JUNE 20, 2022

A $250 million development plan is set to transform a 3.6ha Adelaide plot into a modern food and retail-oriented mixed-use centre featuring apartments and a piazza-style market square. The post Adelaide plans $250m retail hub on city fringe appeared first on Inside Retail.

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