The Hefei ID Mall, a 170,000-square metre retail and office development project, is set to rise in Hefei, Eastern China in 2015.
Designed by global architecture, urbanism and design practice Broadway Malyan, the shopping mall will take up 110,000 square metres of the property across six levels. It will also have a 60,000 square metre high-grade office space in a 150 meter tower.
Italian luxury leather goods maker Serapian has recently opened two new stores in Moscow, at Moscow Gallery and Vremena Goda shopping centers, both in franchising with a local partner. Next month, Serapian is inaugurating a flagship store in Hong Kong. Serapian’s new retail concept has been conceived and implemented by Studio Laboratorio 84.
Here's a paradox: Manufacturers are seeing big sales increases in China while retailers in the country are struggling, losing money, closing stores, going out of business.
Several domestic firms have seized the opportunity to invest in Vietnam's retail industry, even though the economic crisis is far from over.
Nguyen Manh Duy, managing director of the Ocean Retail and Real Estate Management Company, said that Ocean Group, his parent company, plans to open between 70-80 supermarkets and shopping centres nationwide by 2015.
This would make the retail industry one of the group's core businesses. The company also has two supermarkets that are already in operation, the Ocean Mart in Ha Dong and Ocean Mart Thang Long.
GNC Holdings, Inc., the US-based specialty retailer of health and wellness products, on Monday announced that it is expanding its retail presence in China by opening the first stand-alone GNC store in Shanghai. The first stand-alone location opened yesterday in Raffles City, one of Shanghai's prime retail and office space locations.
The move complements GNC's existing marketing footprint in the world's largest consumer market. The company plans on opening an additional 25 locations in China within the next 12 months.
In 2006, Delhi Metro Rail Corporation, or DMRC, started its retail operations and stations like Inderlok, Kashmere Gate, Rajiv Chowk were targeted as retail hubs. Inderlok station has a McDonald's, Big Bazaar, Comesum restaurant and wine and beer shop. At the Big Bazaar outlet, there are very few customers, while the McDonald's looks quite full. At the Akshardham station, which has a Parsvnath mall, hardly any mall space has been rented out. A "Coming Soon" poster of Haldiram's outlet has faded away. The outlet has been "coming soon" since 2010.
During the China Daily Asia Leadership Roundtable, a co-branded session with the Omni Channel Retailing Conference at Retail Asia Expo 2013, a panel of four leading retailers and retail space asset managers shared their views on a variety of issues facing retailers in Asia today.
India's Siyaram Silk Mills Ltd has signed as many as 27 franchise agreements during the first two months of the current fiscal, in its bid to expand its retail footprint. According to a press release issued by the company, Siyaram Silk Mills had set a target of signing 90 franchise deals during 2013-14. It is also targeting 500 outlets by 2016-17, against the existing 120.
Imagine this. You go for a late night show at a multiplex and like a dress that the actress wore in a song. You feel the urge to buy a similar dress right away, but it's late in the night. No store would be open! No sweat. India's Reliance Media Works is throwing open its multiplex chain Big Cinemas to retailers.
According to Cushman & Wakefield, at least 40,000 square feet of new retail supply is coming up in luxury hotels throughout India. The list of upcomong luxury retail spaces include: