Tag: Mall

Retail Asia10/10/2022
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2min0
Japanese retailer Aeon plans to triple the number of malls in Vietnam by 2025 as part of its expansion strategy to meet the needs of a growing middle class population. A report said the number of Aeon malls will nearly triple to 16 throughout Vietnam. Aeon has some 200 stores in Vietnam at present, including six […]

Retail Asia27/07/2020
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2min0
Indian developer Phoenix Mills has launched a 1 million sqft mall in Lucknow, called Phoenix Palassio. “Phoenix Palassio is the first mall to become operational of the five that we are developing as a part of our ongoing expansion of over 5 million sqft across Lucknow, Pune, Bengaluru, Indore, and Ahmedabad,” said The Phoenix Mills […]

Retail Asia12/06/2020
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2min0
US mall operators Simon Property Group and Taubman Centers have called off their planned merger, citing the impact of Covid-19 on the retail industry. Simon was to buy an 80-per-cent interest in Taubman, with the Taubman family retaining a 20 percent stake in a US$3.6 billion deal. Taubman owns, manages and/or leases 23 super-regional shopping centres […]

Retail Asia03/06/2020
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2min0
Indian retailers with stores in shopping malls are threatening to close shop if landlords do not meet demands for waivers and new rental agreements. Retailers representing 350 brands are seeking relief from tough rental commitments in the likely face of 12 months of low business driven by the Covid-19 crisis, proposing new arrangements such as […]

Retail Asia27/05/2020
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1min0
South Korean retail group Lotte Shopping will sell off 121 stores this year in an attempt to recover from the impact of the coronavirus pandemic on sales. The company says it will close five department stores, 16 discount stores, 75 supermarkets and 25 physical stores linked to its online mall LOHB within this year. The […]

Retail Asia19/03/2020
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1min0
Italian luxury fashion brand Versace opened a store on e-commerce site Lotte Premium Mall in South Korea on Monday. Lotte Department Store says the store is a collaboration with the official importer Versace Korea and the online mall. Forty lines of Versace products, including ready-to-wear and accessories including wallets, belts, clutches and jewelry is showcased […]

Retail Asia05/03/2020
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2min0
Robinsons Retail has reported a 25-per-cent profit drop to US$75.2 million (PHP3.83 billion) last year and $18.8 million in the fourth quarter. However, net sales rose 22.8 percent to $3.2 billion for the full year driven by same-store sales growth of 3.4 percent. It was the first full year including the consolidation of Rustan Supercenters. […]

Retail Asia03/01/2020
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3min0
Thailand’s Central Group has launched a new shopping mall, Porto de Phuket, in Phuket. Located at Thalang District, the 40,000sqm development is divided into seven highlighted zones, featuring a wide range of stores and Michelin-starred restaurants. The Central Food Hall provides service in standalone formats outside for the first time, offering a variety of products […]


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