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After overcoming pandemic-era challenges which broke the back of physical retail, the sector bounced back in 2022, exhibiting exceptional resilience. We’re seeing a significant shift this yr, with hovering gross sales, tech innovations, international partnerships, and strategic investments which might be reshaping the landscape. With almost 60 new shopping malls, encompassing over 23 million sq. Ft of retail space, set to open by 2025, this progress will continue in a strong trend.

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Hanoi – Online purchasing will nonetheless be booming this yr, even when the COVID-19 pandemic is over, experts have mentioned. Online buying will nonetheless be booming this 12 months, even if the COVID-19 pandemic is over, consultants have stated. DealBook The most crucial enterprise and policy news you have to know.

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Retail Asia – Retail News From Asia

Americans spent 18 % extra on food, automobiles, furnishings, electronics and different retail merchandise last year in contrast with 2020, the Commerce Department disclosed on Friday. In other phrases, e-commerce misplaced floor last yr to brick-and-mortar stores. Whether it’s sportswear or make up, shoppers are increasingly shopping, discovering and buying items on social media platforms like Facebook and Instagram. TikTok, which launched in the UK in 2018, is now aiming to catch up. For that, this collection of tendencies posts will be sure that you get it.