, APAC
Photo by Robin Stickel via Pexels

F&B leads Asia Pacific retail activity

Sportswear and apparel followed closely as the second and third most active trades, respectively.

The F&B sector is driving the retail activity across the Asia Pacific region, as per CBRE's Asia Pacific Retail leasing report.

“Amidst a global shift in consumer spending towards eating out and experiences, F&B remains the most active retail trade in Asia Pacific, with demand from this category at its strongest in Singapore and Southeast Asia,” the report noted.

Hong Kong SAR has also experienced a surge in new F&B entrants from mainland China since late 2023. However, local spending has veered towards Shenzhen, leading to a weakening in demand within the region.

ALSO READ: APAC foodservice spending hits $1.3b

Sportswear and apparel followed closely as the second and third most active trades, respectively.

Mainland China and India were the focal points for sportswear demand, with an increasing number of overseas brands eyeing opportunities in these markets to capitalise on the growing consumer interest in health and wellness.

India, in particular, showed above-trend demand across major retail sectors, driven by a growing affluent population.

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Australian retailers push for stronger worker protections
In Victoria, nearly 19,000 violent incidents were reported in the past year.
7 in 10 Japanese consumers benefit from connected tech
Platforms like YouTube, Instagram, and TikTok are transforming shopping habits in the country.
E-commerce
Indonesian retail sales expected to improve in November
Automotive fuel, spare parts, accessories, and clothing are expected to drive this increase.
Swarovski and Coty partner to launch fragrance division
The partnership aims to expand both companies’ portfolios and market reach.

Exclusives

Asia-Pacific retailers tap subscribers to drive growth
Subscription services are a constant source of revenue during a downturn.
Chinese fine dining finds its next course in Singapore
The city-state’s high spending power and big Chinese commune make it an ideal entry point.
Raffles City reinvents itself with experiential retail
The mall has revamped 111,000 sq ft of retail space as part of a major redesign.
Stores
TikTok ‘shoppertainment’ drives mega-sale hit
Videos on the platform are used not just to entertain but also to drive e-commerce.