Home / Knowledge / News / Apparel/Garments / Asia Pacific retailers focus on own region expansion
Asia Pacific retailers focus on own region expansion
22
Mar '14
Asia Pacific retailers are focused on expanding in the Asia Pacific region, a recent global report by CBRE Research has found. The How Active Are Retailers Globally? survey found that Asia Pacific-based retailers see significant potential in Asia Pacific, and that all of their top ten target destinations for expansion in 2014 are within the region. China is a target for 58% of Asia Pacific-based retailers, making it the most sought after market, followed by Vietnam (48%), Malaysia (42%), Indonesia (39%) and Singapore (35%).
 
“The relatively lower levels of interest by Asia Pacific retailers in expanding in American and European markets reflect a cautious attitude to expanding out of their core markets, but that said we are beginning to see a number of Asia-based brands working on strategies for global markets. For example, Chinese brand Bosideng opening on Oxford Street in London and a number of other Chinese brands looking to launch New York and Australia,” commented Sebastian Skiff, Executive Director of CBRE Retail.
 
Retailers’ expansion plans in Asia Pacific are relatively modest, with 29% planning to open less than five stores and a further 26% looking to open between 5-10 stores in 2014.
 
“Most retailers active within Asia Pacific have tended to focus operations within a few countries, and locations are generally limited to the key or top tier cities where quality retail space is accessible. Tougher trading conditions in most markets has tempered expansion ambitions for the short term, however, over the longer term we expect economic growth and the rising middle class in Asia to spur further growth,” said Mr Skiff.
 
Global Retailers’ Targets
The report found that retailers globally are predominantly targeting countries with mature retail sectors, although a number of emerging markets in Asia Pacific also feature strongly. Retailers originating from Europe have shown a strong bias towards their own region with less than 15% of retailers targeting markets outside the region. Retailers from the Americas are biased towards the US, but are also targeting European markets, and in particular Germany.
 
Click here to view more.
 

CBRE

Must ReadView All

Courtesy: conservativehome.com

Textiles | On 24th Jun 2016

Britain set to leave EU; India prepared for consequences

Britain is set to be the first country to leave the EU since its...

Apparel/Garments | On 24th Jun 2016

TEA appeals to PM to forge FTA with Britain

On the heels of Britain voting to exit the European Union, the...

Textiles | On 24th Jun 2016

Now, govt tries to link textiles sector with tourism

The government has said concrete steps are being taken to set up...

Interviews View All

Abhishek Ganguly
Puma India

There are quite a number of brands stepping into the sports lifestyle...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

How was your experience of a collaborative stall at ITMA 2015? Please...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
june 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search