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What retailers need to know about Vietnam’s potential and challenges for 2025

Inside Retail

The countrys median age is 32, and its population of nearly 100 million is increasingly adopting modern shopping habits, fueling demand for retail expansion. Compared to Thailand, Indonesia, or Singapore, Vietnams retail market is still developing, said Matthew Powell, director of Savills Hanoi.

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Six Ways for Retailers To Get Ahead of a Recession

Rangeme

Lego recognized that when household finances are facing a squeeze, parents are more likely to buy products that will last – so they don’t have to replace toys a few months down the line. So if the retail market shrinks during the recession, finding a way to provide that experience could allow your business to stand out.

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MUST Wine Loft Discovers Charcuterie Must-Haves By Ordering On RangeMe

Rangeme

We will also be purchasing from Flavor Seed, World Seasonings, Botticelli, and more that I’m sure I’ll discover when we expand our retail market this summer. If you’re recruiting investors or seeking alternative financing, vet them as people you would want to sit down and have dinner with.

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Retail 2025: Eight trends reshaping Asian markets

Inside Retail

Second, there is a hard economic reason, which is the need for mall operators to rejig their tenant mix to place more emphasis on non-retail attractions to drive foot traffic. In major retail markets like Bangkok, art and crafts have become tightly woven into the high-end mall culture.

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