If there was any doubt that shopping-centre giant Westfield had lost its sparkle of yesteryear, its latest results – a loss of AUD457 million (USD410 million) – signal a stock that is trad…
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Westfield to prioritise Australia
Shopping centre group Westfield is to invest more in Australian developments after projects were put on hold during the global financial crisis.
New projects include an office tower in its Sydney City…
Korean department-store sales climbed in January for 11th month
Sales at South Korea’s major department stores rose in January for an 11th month as the nation’s economic recovery strengthened.
Spending at the three biggest chains climbed 4.8 percent fr…
Whipping up the appetite to shop
A study by Indian management consulting firm Technopak Advisors suggests that food outlets located in shopping malls are intrinsic to driving up footfall.
Nearly a quarter of people engage in sho…
Indonesia: Art and retail spaces combine
This year, CGartspace celebrates its 12th anniversary as an art space at Plaza Indonesia.
When owner Christiana Gouw started her gallery, she was the first to see the potential of a mall as a place fo…
Malaysia: Malacca’s biggest shopping centre opens
The Malaysian state of Malacca’s biggest shopping centre, the RM500-million (USD145-million) AEON Bandaraya Melaka, opened its doors on Friday.
The shopping complex, spread over approximately 12…
Interview: Macy’s CEO
CNBC’s interview with Macy’s CEO Terry Lundgren: Macy’s is one of the few retail stocks posting gains Thursday.
Macy’s not only trounced analysts’ monthly sales estimates…
John Lewis named official retailer for 2012 Olympics
John Lewis has been named the official department store retailer of the London 2012 Olympic Games.…
Hong Kong shopping centres target Mainland Chinese consumers
Shopping centres in Hong Kong are set to organise more shopping tours to target the growing pool of middle-class consumers in Mainland China.
Sun Hung Kai Properties said on Tuesday it would spen…
Japan retailers welcome Year of the Tiger
Reasonably priced fukubukuro, or "lucky bags", have gained popularity at Japanese department stores as consumers have looked for ways to tighten their belts amid the recession.
Lucky bags ar…