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Aeon Mall hits the right note in Japan and Vietnam, but China is still problematic

Inside Retail

Specialty store metrics at the companys malls reflected rising prices and higher average transaction values in Japan, with sales growth at the Japan malls of 6.2 The companys new mall in Hue mall has more than 51,000 square metres of leasable area and 140 specialty stores, the vast majority of which are new to the central region.

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Funday founder on how retail has changed since Covid – and remained the same

Inside Retail

The global retail industry was transformed overnight as stores were forced to close or severely limit in-person shopping, supply chains were disrupted and consumers faced unprecedented levels of fear and uncertainty. Global online retail sales went from almost US$3.46 trillion in 2019 to nearly US$4.29

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Retailers ride the heatwave: How Asia’s summer is driving foot traffic and sales

Inside Retail

This is where malls step in: frequently, the shopping mall is the only place where people can go and spend as much time as they want in air-conditioned comfort. Japans largest mall operator is Aeon Mall, which has more than 90 shopping centres, and these have become heat refuges. Thats Songkran, but what comes after?

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Why Filipino mall giant SM Prime remains committed to regional expansion

Inside Retail

This landbank should be sufficient to serve the company’s development plans for five to seven years. In all the company runs 30 brands, and conveniently they rent space in SM Prime’s malls.

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7-Eleven Parent Plans Corporate Restructuring to Sharpen Focus on Convenience Business

Retail TouchPoints

Seven & i Holdings , parent company of 7-Eleven , plans to create a new holding company for its supermarkets, specialty stores and other non-convenience store businesses. The newly named York Holdings Company would consolidate 31 businesses and eventually go public with an IPO.

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NRF: 52% of Shoppers Celebrating Valentine’s Day, Spending a Combined $21.8 Billion

Retail TouchPoints

adults plan to celebrate Valentine’s Day this year, spending a total of $21.8 However, 74% of those celebrating noted that pandemic will directly impact their Valentine’s Day plans, which has resulted in an average spending drop. Just over half ( 52% ) of U.S. per person spent in 2020.

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Hot property: What’s driving Aeon Mall’s record-high results

Inside Retail

million), due to an impairment expense and a provision for store closings. Specialty store sales at the company’s domestic malls reported growth of 5.9 Aeon not only benefited from increased rental income from these specialty tenants but costs fell too, so the profitability of the Japan business rose by a healthy 13.8