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After the pandemic, Hong Kong's retail industry is facing numerous challenges and difficulties. With fewer tourists compared to pre-pandemic levels, and local consumers now accustomed to shopping online, spending in the Mainland, and expecting better value for money, how can retail companies stand out? In this episode, Ricky reveals three key sales strategies to help you thrive in these challenging times! Tel: (852) 2990 9828 Email: [email protected] WhatsApp: (852) 9424 9582 #PostPandemic #SalesStrategies #HongKongRetail #ServiceExcellence #BusinessGrowth #RetailChallenges #CustomerExpectations #RetailSuccess

Hong Kong's retail and F&B industries are being hit by closures ever since the end of covid. I spoke with Benjamin Quinlan, Patrick Wong, CFA, FRICS, Olivier Caisson of Pastis Group and Legco member Tommy Cheung to find out more about the headwinds Hong Kong is facing. One part that didn't make it into this story from Patrick was that there is the possibility that with cheaper rents, cost of living and high speed trains, people could soon just commute into Hong Kong in the future. Link to the full story in comments #Hongkong #Retail #F&B #property #GBA #economy

Last quarter, Singapore #retail saw its lowest islandwide vacancy rate since Q3 2012. Rents and capital values enjoyed extended growths as occupier demand remained firm amid cautious consumer sentiment. Download our Q3 2024 Singapore Retail Market Dynamics report for deeper insights: https://co.jll/48dsf5W #JLL #JLLSingapore #JLLResearch #JLLMarketDynamics #realestate

Curious to learn about China's migration out of Tier 1 Cities and into "smaller" cities? This shift is real and being driving by lifestyle preferences and the desire to remove some of the financial burdens of living Shanghai, Beijing, Guangzhou and other super cities like Chengdu, Chongqing, Shenzhen and Tianjin. This article shares some great graphs and data on the topic. It is also highlights that it is creating real opportunities for entrepreneurs, franchisors and international chain businesses in China. Here is one of my favorite facts about China... China has 113 cities with a population over 1 million residents. The US has 10. So, many of the "small town" moves are to places with populations greater that most major cities in the US. One of the cities mentioned in the article, Nanchang, has a population of 2.9 million people. Plenty of customers to purchase coffee, tea and chicken. Another favorite tidbit, I consider KFCs KCoffee one of the most under discussed coffee concepts in China.  They are HUGE.  As consumer order patterns changed, KFC has replaced the POS spaces in their stores with coffee stations and offer a full range of espresso beverages using their signature coffee roast.  They have the additional advantage of offer coffee beverages as part of meal bundles. KFC removed their ordering kiosks earlier this year and have migrated all their customers to mobile ordering. Meanwhile Yum China has also made it a priority to enhance the in store experience for those wanting to enjoy a quick tea break with friends. I was in a local KFC last week at 3:00 PM and it was packed with people enjoying coffee, desserts and small snacks with their friends. (Will add some pictures in the comments section.) All this to say there is still plenty of opportunity for growth in China. If you are curious to read the article and are not a Bloomberg subscriber, scroll down the link and you will see there is an opportunity to download a single article for free.  Thanks Bloomberg! Thanks also to Jinshan Hong, Lulu Shen, Daniela Wei , CFA and Yijing Liu for this thoughtful article. Check out the comments for my photos and the link to the article. Enjoy!

Super interesting article about the growing reverse migration of workers from Chinese mega cities to "smaller" cities. A real phenomenon from what I can observe myself, but not quite well covered indeed. Shenzhen and Shanghai are facing an impressive population outflow since 2023. Thanks Jessica Gleeson for bring this paper to my attention :-) NB: I left my email to Bloomberg so to read the full article... 😉

Discover why now is the time to invest in retail spaces and see the rise of Chinese brands in Singapore! Let's talk about how you can benefit from the current market conditions. 💡✨ 📞 For inquiries or more information, contact us at +65 8333 1338 - https://lnkd.in/gXZ2Zy4d @propertybanksg 🔗 #RetailInvestments #SingaporeRealEstate #SmallBusinessOpportunities #InvestSmart #RealEstateTrends

Retail transactions across APAC markets are now dominated by domestic players who are reshaping the investment landscape. Seoul retail offers the highest COC yields in the region but faces limited opportunities due to reluctant large landlords and strong office sector competition. Singapore retail market remains active, yet low 4.5% COC yields and limited compression potential pose challenges. Dive into our retail sector analysis in the latest APAC Capital Tracker: https://co.jll/4fxlrTx Pamela Ambler, Roddy Allan, Stuart Crow, Paul Brindley, Tim Graham, Rohit Hemnani, Nihat Can Ercan #JLLAPAC #JLLinvestment #retailrealestate

Singapore stands as a critical market for global coffee chains aiming for Southeast Asian expansion. Despite its potential as a growth hub, the market's high competitiveness and fast-changing consumer trends demand strategic caution. Reflecting on this, Mário Braz de Matos of Flying Fish Lab remarks, "Winning short-term clients is one thing, but securing long-term loyalty is a completely different and much more difficult task." Success here requires more than just market entry; it necessitates a distinct brand proposition, genuine customer engagement, and relentless innovation. The city-state's coffee saga highlights an essential lesson: In a saturated market, distinctiveness and adaptability are key to enduring success. Gain more insights about the crowded market on Inside Retail Asia: https://lnkd.in/g5-NBgk9

Hong Kong's retail sector remains under pressure, with sales value falling for a sixth straight month in August. Bloomberg Intelligence says the slump may persist as an increase in mainland Chinese visitors is unlikely to offset a drop in local spending. Meanwhile, Lan Kwai Fong Group Chairman Allan Zeman says his properties have added a number of mainland brands as the city's consumer landscape changes. He gives his take on Hong Kong's consumer trends on "Bloomberg: The China Show." #Growth #Retail #Tourism #Travel #Economy #Confidence #Investment #Business #HongKong l Bloomberg News l Hong Kong Tourism Board l Brand Hong Kong

According to experts, domestic enterprises possess numerous competitive advantages to develop large-scale shopping mall markets. Notably among these are a deep understanding of the domestic market, the psychology of Vietnamese consumers, and readily available resources.   Mai Vo, National Head of Retail Services at CBRE Vietnam, stated: “Having business operation in the local market gives Vietnamese enterprises/corporations more advantages, especially having local relationships, market knowledge together with an insightful understanding of the local legal system and government regulations that give them more opportunities and advantages to access into land bank quicker”   However, experts also assess that the greatest challenge to developing large-scale shopping malls effectively lies not merely in capital, but more importantly in formulating a long-term, sustainable development strategy to ensure long-term success. #CBRE #CBREVietnam #ThoughtLeadership #RealEstate #BatDongSan #Retail #Banle