Asia Pacific Retail Trends Q3 2018
- The regional retail market remained stable in Q3 2018, with major markets including Hong Kong, Japan and Korea reporting improving sales growth
- Leasing demand continued to be driven by F&B, led by bubble tea shops and coffee chains expanding in Hong Kong, China and Korea, although the competitive nature of the sector resulted in some closures.
- Landlords are introducing more entertainment-based retail in shopping centres to increase consumer dwell time. Popular formats include cooking studios, indoor theme parks and games centres.
- Economic headwinds will ensure retailers remain cautious towards expansion despite the upcoming festive season.