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Macy’s is opening a new store in a surprising location amid hundreds of closures
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READ MORE: Activist investors call for drastic changes at Macy’s Macy’s has revealed plans for an unexpected new site. an intense wave of shutdowns. The property management firm for Midway Crossings mall, located west of Miami, announced that the new store will be opening there. It is a surprising choice for the struggling retailer…
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Aeon Targets 100 Mega Stores in Vietnam by 2030 as Japan’s Largest Retailer Expands Globally
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Japan’s biggest retailer, Aeon, aims to expand its chain of large supermarkets and general merchandise outlets in Vietnam to reach 100 sites by 2030, marking an eightfold growth from current numbers. The firm additionally plans to establish more “mega-hypermarkets” that integrate grocery items with various general merchandise offerings like food courts and cosmetic sections.…
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Chinese Shoppers Spend Avg. $79 Per Person This Holiday Season
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During the May Day holiday, Chinese travelers increased their expenditures by 8% compared to the previous year, reaching 180.27 billion yuan (approximately US$24.92 billion). However, this figure remained below pre-pandemic levels. Additionally, China’s service sector experienced growth at its lowest rate in seven months throughout April. The May Day holiday, one of the country’s…