CBRE
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See below for the Latest CBRE News, Analysis, Profit Results, Share Price Information, and Commentary.
Australia’s luxury retail sector boosted by young consumers and tourism recovery
Millennials and Gen Z are major drivers of this growth.
Australia’s luxury retail sector boosted by young consumers and tourism recovery
Millennials and Gen Z are major drivers of this growth.
Asia Pacific retail sales growth slows further in Q2 2024
Retailers are expected to prioritise cost efficiency to sustain profitability.
Brandon Park Shopping Centre in Melbourne up for sale
It boasts a total lettable area of 23,038 square metres.
Hong Kong’s retail property vacancy hits lowest rate since Q1 2020
Vacancy rate in the sector was down to 11.6% in H1.
Brick-and-mortar stores catch up as spending shifts from online to offline
More than 71% of retailers in Asia Pacific plan to expand or add new stores in 2023, according to CBRE retail survey.
Why shoppers still buy in-store
Some shoppers like seeing the product in-store before buying online.
Most shoppers want to see products in-store before ordering online
61% of consumers in the Asia Pacific agreed to this, higher compared to Europe and the Americas.
More than 70% of retailers plan to expand in 2023: CBRE
Around 15% plan to right-size.
Most Indian residents still prefer to shop online: survey
The urban diaspora was quick to adopt online shopping.
Tighter competition expected for Bangkok’s retail sector in 2022
The sector’s outlook is expected to suffer weaker consumer confidence.
Japan’s retail sector enjoys foot traffic recovery in Q1
Second-hand luxury goods businesses saw solid demand in the quarter.
China’s retail market not out of the woods yet for Q2
Most retailers moved into a wait-and-see mode in Q1 due to lockdowns.
APAC’s Q1 retail growth momentum dragged by movement restrictions anew
Greater China was the most affected due to strict lockdowns.
Hong Kong set for rebound in retail activity in April: report
But tourist demand is expected to remain muted in the coming months.
Bangkok’s retail growth to depend on government support: report
Activity revived in Thailand’s industry in Q4 2021 but outlook remained muted.
Commentary
Why micro-retail is the way to go to reach Southeast Asian shoppers