Technology

Burberry opens flagship store in Shanghai

Burberry recently opened its new flagship store at the Kerry Centre. It is the brand's eighth store to open in Shanghai, following recent openings within L’Avenue, K11 Art Mall and Hongqiao airport in 2013.

Premier Investments changes mix of shops and online

Source: 
The Sydney Morning Herald Online

Australian fashion retailer Premier Investments will focus on shop upgrades and concepts, a larger network of click-and-collect websites and new distribution centres as it prepares for the next arrival of international fashion brands.

In its first-half result for the year, the group, which runs Smiggle, Portmans, Dotti, Jacqui E, Just Jeans and Jay Jays, said the group had opened four shops and closed 13, reflecting its strategy of opening in high-value locations and closing in those where the rent was too high.

Malls in Australia look to food and leisure

Source: 
The Sydney Morning Herald Online

Food halls and restaurants are now taking over as the more prominent tenants in Australia's shopping centres, by size of leased area and the amount of high-margin revenue generated.

In all new developments and revamps of malls nationally, the footprint of the food and leisure offering is becoming much bigger than that being offered to the traditional apparel and footwear.

Indian retailers build a fortress against online onslaught

Source: 
Business Standard

After reporting losses of close to USD200 million in the holiday quarter, Radio Shack, the US chain of electronic retail stores, announced last week that it would close a fifth of its 5,000 stores. Competition from online majors, especially the largest in the world, Amazon, is said to be behind the decline of Radio Shack and many others across product categories.

inProjects announces merger with EC Harris, part of the EUR2.5 billion global ARCADIS group

EC Harris, the leading global built asset consultancy, has joined forces with inProjects, one of Asia’s foremost project management firms. The addition of inProjects strengthens EC Harris’s presence in Asia and creates the region’s leading programme and project management delivery organisation.

Luxury brands slow expansion as China retail moves downmarket

Source: 
Business Standard

The world's biggest luxury brands are slowing their expansion in China as more consumers shop abroad, leaving mall operators holding the bag. However, lower-priced fast-fashion brands such as H&M and Zara beat expansion goals.

The mid-market retailers are expanding fast, but they are not expanding fast enough to fill all of the shopping centres, according to James Hawkey, an executive at commercial property services group Cushman & Wakefield.

J. Crew to open Asia-Pacific flagship stores in HK in May

One year after UK high street brand Topshop opened its first flagship store in Hong Kong, US high street brand J. Crew will launch its first Asia-Pacific stores in the city, according to Chinese fashion news website nofashion.cn.

The US retail giant is going to open a women's flagship store in Central's IFC Mall with an area of 3,200 square feet and a men's flagship store in On Lan Street with an area of 2,100 sqf.

J. Crew to debut Asia-Pacific flagship stores in HK in May

One year after UK high street brand Topshop opened its first flagship store in Hong Kong, US high street brand J. Crew will launch its first Asia-Pacific stores in the city, according to Chinese fashion news website nofashion.cn.

The US retail giant is going to open a women's flagship store in Central's IFC Mall with an area of 3,200 square feet and a men's flagship store in On Lan Street with an area of 2,100 sqf.

"Pop-up" stores on the increase across Australia

Source: 
The Sydney Morning Herald Online

Shopping centre landlords in Australia are joining their suburban strip counterparts by offering a larger range of ''pop-up'' stores to keep offerings relevant to customers.

The model of short-term leasing, while not new, is being reinvented due to the growth in the internet and need for online shops to connect with customers in the traditional mall.

The founder of online leasing company Pop Up Brands, Marianella Watman, estimates there are billions lost in sales by bricks and mortar stores to the internet.
 

In a change of pace, Indian e-tailers offer same-day delivery

Source: 
The Hindu Business Line

Are you a fan of online shopping? You have reason to cheer. You can bank on it for your last-minute purchases as e-tailers are now promising to offer same-day delivery. While international retailers such as Amazon are looking at drones to deliver a product in 30 minutes, Indian e-commerce players have many miles to go before they can hope to replicate the same.

Several e-tailers in India are testing the waters to garner more clicks. Industry players, however, say this may bleed the not-so-profitable firms further.

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