Topic > Retail

Retail

  • U.S. Consumer Sentiment Drops Amid Notable Decline In Expectations

    UNITED STATES, 2017/07/15 With consumer expectations taking a hit, the University of Michigan released a statement on Friday showing a notable deterioration in U.S. consumer sentiment in the month of July. The preliminary statement said the consumer sentiment index dropped to 93.1 in July from the final June reading of 95.1. Economists had expected the index to edge down to 95.0.

  • Mexico’s luxury retail segment remains strong

    MEXICO, 2017/07/01 Rising gain levels and positive demographics are driving sustained increase in Mexico’s luxury retail segment, despite headwinds related to slowing economic increase and the prospect of weaker trade relations with the US. Data released in late May by Citibanamex, the Mexican arm of Citibank, showed retail sales in the country rose by 6.1% year-on-year in March, up from 3.6% the previous month and surpassing market predictions of 5.5%. The sector’s luxury component is meanwhile set to continue profiting from rising levels of wealth. According to Euromonitor, upmarket sales in the country will expand by 6% this year, additional than twice the top end of the 1.5-2.5% GDP increase range estimate by Banxico, Mexico’s central bank as of May.

  • Seasonal sales highlight e-commerce potential in Qatar

    QATAR, 2017/06/30 With online consumer activity set to spike across the MENA region during the religious festivals of Ramadan and Eid, Qatar is looking to encourage e-commerce, as part of a broader push to catalyse private sector development. Shipping initiatives At the end of May, Qatar Postal Services Company (Q-Post) slashed shipping charges by as much as 35% for customers using its “Connected” e-commerce service throughout Ramadan, in a bid to spur online retail during the annual gift-giving that marks these holidays. Launched in April of last year, Connected provides users with an “international shipping address” allowing them to shop at select world retailers that ordinarily restrict shipping to Qatar, thus easing postal wait times.

  • Retail projects move forward in South Africa despite challenges

    SOUTH AFRICA, 2017/06/30 New mall developments and low vacancy rates should create opportunities in South Africa’s retail sector, though economic headwinds could restrict increase prospects in the short term. A initial quarter retail market survey by real estate consultancy JLL, published in early June, said new retail projects are continuing to break ground despite a weak economic climate. Ongoing activity, JLL noted, indicated a competitive retail market, strengthened by relatively low vacancy rates – particularly in smaller shopping centres, where they had fallen from 9% to 5.2% year-on-time(y-o-y) by the final quarter of 2016.

  • South Africa Retail Sales Unexpectedly Rebound In March

    SOUTH AFRICA, 2017/05/17 South Africa's retail sales unexpectedly rose in March next two months of decline, figures from Statistics South Africa showed Wednesday. Retail sales rose 0.8 % year-on-year following a 1.6 % drop in February. Economists had estimate 1 % decline.

  • UK Retail Sales Fall More Than Forecast

    UNITED KINGDOM, 2017/04/21 UK retail sales declined additional than expected in March, figures from the Office for National Statistics revealed Friday. Retail sales inclunding automotive fuel decreased 1.8 % month-on-month in March, reversing a 1.7 % rise in February. Sales were estimate to fall moderately by 0.5 %.

  • Dubai’s retail space expands as growth cools

    UNITED ARAB EMIRATES, 2017/04/16 Last year saw Dubai’s retail space grow by 26,000 sq metres, though revenues could remain muted this year as slower economic growth and a stronger US dollar impact trading. Room to grow The growth in floorspace, the highest seen since 2010, takes the emirate’s existing retail space to 3.4m sq metres, according to real estate consultancy JLL’s “The UAE Real Estate Market Review”. This figure is set to be dwarfed by the 350,000 sq metres scheduled for release in 2017 and the 367,000 square metres listed for completion in 2018. Though retail vacancies grew by only one percentage point in the fourth quarter last year to 9%, there are concerns that this rapid expansion could lead to a glut of formal retail space in the short term.

  • Busy supply pipeline breeds competition and innovation among Qatar’s malls

    QATAR, 2017/04/15 An abundance of new supply is set to transform Qatar’s thriving retail landscape, with sustained levels of consumer confidence and high occupancy rates driving optimism part brick-and-mortar retailers. According to a Qatar real estate statement released by DTZ Research at the end of last year, following the opening of the 195,000-sq-metre Mall of Qatar on December 10, retail space in Doha totalled 838,000 sq metres distributed across 15 malls. Total retail space is set to increase to some 1.85m sq metres by the end of 2019, by which time a further nine malls are expected to have opened. With all but two of these malls set to open this year, concerns have been raised that the retail market may suffer from the dual effects of oversupply and additional straitened economic circumstances in the coming years.

  • U.S. Retail Sales Dip 0.2% In March Amid Lower Auto Sales

    UNITED STATES, 2017/04/15 Half reflecting a notable decrease in auto sales, the Commerce Department released a statement on Friday showing a modest drop in U.S. retail sales in the month of March. The Commerce Department said retail sales dipped by 0.2 % in March next a revised 0.3 % decline in February. Economists had expected sales to edge down by 0.1 % compared to the 0.1 % uptick originally reported for the previous month.

  • Developers seek to tap Panama’s retail sector, with numerous projects in the pipeline

    PANAMA, 2017/04/11
Trending Articles