Tips For Selecting Retail Locations For F&B Brands
"When selecting a suitable location for a restaurant, eatery, or café, brands must understand the market, trends, and customer behaviours."
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"When selecting a suitable location for a restaurant, eatery, or café, brands must understand the market, trends, and customer behaviours."
"Amidst the challenges faced by the real estate sector, retail property in Ho Chi Minh City has remained remarkably stable during the first nine months of this year. The growing middle-class in the city is contributing to this stability, which has spurred the expansion of various sectors, including dining, entertainment, and fashion."
"According to Savills Impacts publication, for international brands, especially in the luxury segment, physical stores are still key to their strategies. Some are capitalising on prime locations that are cheaper compared to 2019."
"Despite lockdowns in Hanoi and Ho Chi Minh city softening performance in Q3.2021, the long-term outlook for retail sector looks promising."
"Indonesia's GDP plunged 2.007% in 2020 - a marked downturn from the previous year when the country recorded growth of 5.02%. SEA's biggest economy last experienced a contraction in 1998, when GDP fell by 13.1% during the Asian Financial Crisis."
"Virtual or cloud kitchens – also known as ‘ghost kitchens’ – are a virtual restaurant which operate solely for delivery services. Unlike traditional restaurants, cloud kitchens do not necessarily have seating areas for dine-in or even a shopfront."
"In this blog, Alan Cheong discusses the performance across F&B and retail sectors, offering insight into what to expect in 2021."
"The retail market in Jakarta got off to a slow start in 2020 after a strong rebound last year. The situation deteriorated further with COVID-19 which pushed the government to impose strict social distancing rules in Jakarta."
"Having seen dramatic declines since 2013, prime street shop and shopping mall rents seem to have found a floor but this may only be temporary."
"Prime street shop and shopping mall rents fell heavily in the first quarter, down by 44% and 31% YoY."