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By NYO Retail Furniture (Nuh Yaşar A.Ş.) #shopfitting #storedesign #storedevelopment #retaildesign #retailfurniture #retail #retaildesign #designandbuild #designanddevelopment #storedesign #brandstory #develpoment #manufaturing #design #production #fitout #store #art

Q2 2023 commercial #RealEstate market overview for #Slovakia: 🏭 The industrial segment continues to surge forward, underpinned by resilient demand and the strongest pipeline in the last year. A total of 19 buildings, accounting for 321,300 sq m, are presently under construction, 🏢 Despite the economic downturn, the Bratislava office market displays commendable resilience shown by strong take-up figures. Gross take-up reached 51,700 sq m, representing an 85% y-o-y increase. Challenges such as downsizing persist, 🛍 Eurovea 2 has opened its doors with a significant 25,000 sqm extension, solidifying its position as Slovakia's largest shopping centre and introducing new brand entrants like Primark, Tefal, Wuh and more. Check out our recent Slovakia marketbeat reports for #industrial #office and #retail sectors:

Innovative retail experiences like this one (not far from our office in Huangpu district) are a common sight in #Shanghai. What's behind it? ⤵ _____ 🎁Shanghai is offering a 1 million renminbi reward (US$138k) for brands who pick Shanghai for their first-in-Asia store. And that’s just one of several measures in the “First in Shanghai” action plan to incentivize international and domestic retailers to keep breathing new life into Shanghai’s retail scene. It’s all part of the city’s “Debut Economy 2.0” push to become the preferred location for debut stores, flagship stores, new product launches, and cutting-edge retail concepts. Is it working? The city’s commerce commission reports a 55% jump in debut stores in the first quarter, compared to Q1 last year. And if you roam the streets of Shanghai these days it’s easy to be blown away by the truly out-there experiential stores of big brands. Just have a look at Korean eyewear brand GENTLE MONSTER's new concept store “Haus Nowhere” (in the video📽) which features gigantic moving heads and a “croissant gym”. Other “firsts” this year included: - China’s first standalone Supreme store - A landmark exhibition by Loewe - Gucci's pop-up store & installations to launch its Gucci Ancora collection There’s no denying that Chinese consumer confidence has seen better days. But international retailers, especially high-end ones, don’t seem to be giving up on China-fueled growth! ➡ 𝗙𝗶𝗻𝗱 𝗼𝘂𝘁 𝗺𝗼𝗿𝗲 𝗮𝗯𝗼𝘂𝘁 𝗼𝘂𝗿 𝗰𝗹𝗶𝗲𝗻𝘁𝘀 𝗮𝗻𝗱 𝗲𝘅𝗲𝗰𝘂𝘁𝗶𝘃𝗲 𝘀𝗲𝗮𝗿𝗰𝗵 𝗲𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲 𝗶𝗻 𝗖𝗵𝗶𝗻𝗮’𝘀 𝗿𝗲𝘁𝗮𝗶𝗹 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗼𝗻 𝗼𝘂𝗿 𝘄𝗲𝗯𝘀𝗶𝘁𝗲: https://lnkd.in/ezhTqFsi 𝗡𝗲𝘅𝘁 𝘁𝗶𝗺𝗲 𝘆𝗼𝘂'𝗿𝗲 𝗹𝗼𝗼𝗸𝗶𝗻𝗴 𝗳𝗼𝗿 𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝗹𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽 𝗮𝗻𝗱 𝘁𝗲𝗰𝗵𝗻𝗶𝗰𝗮𝗹 𝘁𝗮𝗹𝗲𝗻𝘁 𝘁𝗼 𝗱𝗿𝗶𝘃𝗲 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗳𝗼𝗿𝘄𝗮𝗿𝗱 𝗶𝗻 𝗖𝗵𝗶𝗻𝗮 𝗮𝗻𝗱 𝗔𝘀𝗶𝗮, 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄 𝘄𝗵𝗲𝗿𝗲 𝘁𝗼 𝗳𝗶𝗻𝗱 𝘂𝘀. #RetailinChina #ChinaRetail (Video from 12 March, 2024 by @foodishbeauty)

[Musinsa Standard Opens in the Former Uniqlo Location Three Years Ago] 📌 Following its presence in Gangnam and Hongdae, Musinsa Standard has opened its first flagship store in Daegu's Dongseongno. This store spans five floors, making it twice the size of the Seoul branch. Since its opening, it has welcomed 28,000 visitors in just three days and strategically diversified its product lineup by introducing exclusive Standard shoes and sports lines, which are only available at Dongseongno. The Dongseongno branch has recorded cumulative sales of 380 million won. Considering that the Hongdae branch achieved 170 million won and the Gangnam branch 190 million won in sales during their opening weekends, this marks a nearly two-fold increase in revenue. 📌 How is Musinsa faring in the declining Dongseongno commercial district? Unlike Seoul, where the fashion scene thrives, Dongseongno's selection as a location might seem natural. However, many perceive it as a highly impactful move because it used to be the location of the number one SPA store, Uniqlo, three years ago. (The fact that the space was vacant for a year alone likely generated rapid word-of-mouth among the people of Daegu and Gyeongsang Province.) Nevertheless, the Dongseongno commercial district has changed, a well-known fact among Daegu residents, and people are now watching closely to see if Musinsa will have a long-term positive impact, even after achieving a record-breaking 380 million won in sales in the first weekend. 📌 This appears to be a significant step toward their IPO plans, but the fact that the Dongseongno branch has doubled the opening sales of the Hongdae and Gangnam branches suggests rising expectations for the Seomyeon branch. Musinsa's progression from the offline consumer touchpoint through Musinsa Terrace to Standard stores and curated shops seems to be centered around a different customer experience compared to traditional SPA brands. After the success of establishing Musinsa Japan and Tokyo pop-up, the brand is now expected to expand to the United States, Singapore, and Thailand. 🧐 Many analytical articles have discussed "Why Daegu instead of Busan for the initial expansion?" However, it's disappointing that the available information only provides a surface-level explanation, which suggests that Daegu was simply ready first. If anyone has more insights on this, I'd like to hear it.

Hyundai Department Store's 'The Hyundai Global' pop-up store at Parco Department Store Shibuya in Tokyo, Japan, has achieved remarkable success with sales exceeding ₩1.3 biillion ($940,000) within just one month of its opening. This outstanding performance surpassed the initial target by over 50%, setting a new record as the top-grossing pop-up store in Parco Department Store's history. The pop-up store received an overwhelming response from customers, with queues extending from the 3rd floor down to the basement on the opening day. Notably, the Korean designer brand Martin Kim attracted over 3,000 customers on its opening day, making it the most visited among Korean fashion pop-up stores in Japan, with a total of over 50,000 visitors to date. The success of 'The Hyundai Global' can be attributed to a strategic combination of Hyundai Department Store's expertise in pop-up store operations and the ongoing K-content trend in Japan, resulting in a synergistic effect that resonated well with consumers. Hyundai Department Store's direct involvement in export-related matters, including customs clearance and store operation negotiations with overseas retailers, has facilitated a smooth entry for Korean domestic brands into international markets. The pop-up store will continue operations until the 28th of next month, showcasing a new K-fashion brand weekly to introduce Japanese consumers to the diversity and quality of Korean fashion. With the event's anticipated total sales reaching ₩4 billion ($2.9 million) by the end of the period, Hyundai Department Store looks forward to further strengthening its global presence through successful operations like 'The Hyundai Global' in Japan and future endeavors in other international markets. Source: Yonhap News #HyundaiDepartmentStore #TheHyundaiGlobal #SuccessStory #KoreanFashion #GlobalExpansion #RetailIndustry #BusinessSuccess #FashionRetail #PopUpStoreSuccess #InternationalMarketEntry

👟 The Internationalization of Sneakers and Streetwear Over the last few weeks, we've seen Supreme open up a store in Shanghai, Palace open up a store in Seoul, Atmos open up a store in Manila, and Patta open up a store in Lagos! As someone who used to live in Manila, I was shocked to see the news around Atmos. I've never considered the Philippines a major revenue market for sneaker and streetwear brands, but I quickly realized that's old school thinking. At an international level, the fastest growing economies are in places like Asia and Africa, and a natural progression within an emerging economy is increased purchasing power that will be spent on categories like fashion. China has been an obvious destination for streetwear brands, but I think most people wouldn't always think about Seoul, Manila, or Lagos. If you review the financial statements of companies like Nike or Adidas, a lot of their fastest growing markets are in Asia. For the smaller boutique fashion and streetwear brands, betting on younger, faster-growing populations in places like Asia and Africa makes a lot of sense and is a way to solidify your brand's connection to the local culture. In the pursuit of growth today, you really need to have an international mindset that goes beyond purely Western markets. https://lnkd.in/duYJ7-XP #streetwear #atmos #sneakers #manila #lagos #shanghai #seoul #culture #streetculture #asia #africa

British toy brand Hamleys has opened its second flagship store in Galleria Alberto Sordi, Rome. Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing 

📢 Japanese retailer Takashimaya is strengthening its foothold in Vietnam with a plan to launch a shopping centre in Hanoi by 2026. ➡ As reported by Nikkei Asia, Toshin Development, a subsidiary of Takashimaya, has started construction of a mixed-use complex that includes a department store, apartments, offices, and commercial spaces. Takashimaya is expected to invest an estimated 2 billion yen ($12.9 million) in opening the department store. The project will make it the first Japanese department store chain to establish a physical presence in Hanoi. ➡ Takashimaya positions Vietnam as a promising market and will aim to further expand sales opportunities. However, there is fierce competition as South Korea's Lotte Group has launched a mall and a department store in the capital, and Japan's Aeon Mall also operates in the city. #ipavietnam #investvietnam #tradevietnam

Levi Strauss & Co. continues to impress as they focus on strategic growth in Thailand to build deeper direct connections with both local and international shoppers. 👉 Click the link for the full article and follow me for ongoing insight into what is happening in the retail space today. #retailgrowth #insights #retail #apparel #southeastasia

🚀 Exciting News: Primark Invests €100M, Opens 61st Store in Spain!🇪🇸 📢 Primark continues its growth in #Spain, investing €100 million to open its 61st store in 📍La Vaguada, #Madrid. This expansion plan, announced in November 2022, includes creating 200 new jobs with a total target of around a thousand positions across the country. 📊 The new Madrid store, spanning 5,750 sqm over two floors, introduces twenty-three self-checkout counters alongside traditional ones. With a budget of €80 million for eight planned stores, and an additional €20 million for renovations, Primark aims to reach 10,000 employees in Spain. 🛍️This opening follows the recent launch in #Lorca (#Murcia), with upcoming stores in #Jaén, #Alcalá de Henares (Madrid), and Conde de Peñalver Street (Madrid), completing the ambitious plan with a total of 64 stores in Spain! Read more about this ➡ https://lnkd.in/g5ibK56C #PrimarkSpain #StoreOpening #Investment #JobCreation #InvestinSpain #Primark #RetailExpansion