Discounters buck trend of exits by foreign store chains, taking small steps. The store offers a mix of local fare, such as cold noodles, and imports from the discount grocery chain's home country of Germany. The store represents a foothold by one of the newest Western supermarket chains seeking to make inroads in China, a vast market that has proved difficult for other multinational retailers to operate profitably in at scale.
There was a time in New York, a couple of decades ago, when new music clubs tried out a somewhat unorthodox technique to lure in customers. On Friday and Saturday evenings, the DJ would play music so loud it made the entrance doors pump to the beat, while right outside the club gorgeous Ferraris and Lamborghinis filled the street. Surely, queues of curious partygoers formed in front of the club, but when trying to go in, they were told the club was full and to come back another time.
As technology and consumer behaviors have evolved, real estate investors have increasingly faced a widening performance gap between their retail and industrial exposures — particularly in markets such as the U. Notably, though, in parts of Asia, retail assets have outperformed industrial assets. While there are numerous factors that could have contributed to this trend, could something as mundane as differences in retail trading hours have played a role in this divergence?
Or so a new report from eMarketer says. With million consumers though, is it any wonder that China is packing such a retail punch? Rising incomes mean that many people have more purchasing power and are spending more overall.
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In their drive for expansion over the last decade, European retailers have focused increasingly on Asia alongside eastern Europe and Latin America. Rapid economic growth in many Asian countries and the fragmented retail structure in the region provided companies offering modern large-scale retail formats with opportunities for development no longer to be found in their largely saturated and regulated domestic markets. Even though the economic difficulties of many countries have clouded the outlook, the long-term prospects are still favourable.
When comparing the revenues of the largest retail chains in Asia, the comparison is being drawn between the biggest retail chains in the likes of ChinaHong Kong, Japan, Russia, Taiwan, Thailand and Turkey. Even though these Asian countries have some of the largest consumer populations in the world, the retail chains in these countries are not at the top of the World's Largest Retail Companies list compiled and published each year by Deloitte Touche Tohmatsu. First, even though Asian countries contain the most people, those people are not the biggest consumers.
The Geylang Road shop uses AI, facial recognition and radio frequency identification to track inventory, collect data on shopper preferences, facilitate payment processes and recognise product movements. Retail News Asia is committed to providing both local and global retailers with the latest retail news throughout the Asian retail market on a daily base. We have resources for everyone from the independently owned business owners, online-only retailers, and major chains expanding their reach throughout the Asian market.