Tagged Articles
"In 2020, the Xi’an government promoted the integration of the cultural and tourism industry in the city, causing many retail projects to integrate cultural aspects to attract customers. These additions in commercial projects help meet demand for higher-level consumer experiences."
.jpg)
"While China’s retail market was heavily impacted by the outbreak of COVID-19 in Q1/2020, the market has steadily recovered. According to eMarketer, retail sales are forecast to reach USD5.2 trillion for the full year 2020, making it the largest consumer market in the world."
.jpg)
"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."
.jpg)
"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."
.jpg)
"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."
.jpg)
"China is the second-largest retail market in the world. Global retailers are going to need to pay much more attention to the changes in consumption patterns and innovations that are originating in China. The market will likely become even more competitive as domestic brands continue to grow and mature and learn from overseas experiences before bringing back their new retail know-how and combining it with their innate China knowledge."
.jpg)
"Mall owners continued to enhance their entertainment offerings. A look at tenant changes that occurred in 70 shopping malls throughout Shanghai in 2018 indicates that leisure and entertainment tenants have increased their shares in various retail areas and floors within the mall."
.jpg)
"Shanghai and Beijing continue to lead Savills retailer index ranking in 2018, while Hangzhou and Changsha have both made a big move up. Looking ahead, diverging levels of maturity between different regions and the emergence of new retail technology is expected to bring new dynamics to the retail market."
.jpg)