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Asia Pacific Retail Trends Q3 2017
- The regional retail market showed some signs of recovery in Q3 2017, with Hong Kong, China and Singapore all recording a rebound in retail sales. However, overall leasing activity remained weak.
- Upbeat markets were led by Japan, with Tokyo and regional cities recording robust leasing activity from a broad range of sectors. In Australia, major cities continued to enjoy solid leasing demand as competition intensified across a number of categories.
- Leasing demand was led by the F&B sector. However, this segment remains highly competitive, which is forcing retailers to constantly reinvent themselves.
- The lack of a solid rebound in consumption means retailers are still cautious towards short-term expansion. However, the ongoing recovery in sales and consumer spending should ensure the year ends on a high note.