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Ebb and Flow in Asia’s Retail Markets
"At the end of 2019 Asian retail markets are varying greatly in a game of regional retail musical chairs."
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"At the end of 2019 Asian retail markets are varying greatly in a game of regional retail musical chairs."
"Key themes for 2020"
"Retail sales increased 4.8% year-on-year (YoY) to RMB879 billion in the first three quarters of 2019 while online retail sales continued to record strong growth, registering a 27.5% YoY increase to RMB232.4 billion, accounting for 25.5% of total retail sales during the same period."
"The economic growth momentum in Guangzhou remained strong over the past few years despite the GDP growth decelerating to 6~7% per annum during the period 2017 to 1H/2019."
"Bangkok is well known as one of the most visited cities globally with more than 22 million international overnight visitors in 2018 and a total of 38 million international tourist arrivals and tourism is a key contributor to Bangkok’s economy. "
"The Chengdu government announced its “first-store” economy plan in March 2019 as well as 35 “nighttime economy” pilot zones in August 2019, both of which are aimed at further exploring the city’s retail potential and promoting consumer growth."
"A retail revival might soon be on the cards for prime shopping areas."
"No signs that political uncertainty is affecting consumer behaviour, but the story is very different for retailers"
"We look into demand for retail assets in Sydney’s East and how it will only get hotter as 2020 rolls around…"
"Shoppers are unlikely to be deterred by either Brexit or a general election."