Asia Pacific retail activity continues to normalize, according to CBRE Asia Pacific Research, which conducted a flash survey of 205 retail clients between September 21 and October 20, 2020, to gauge the retail industry response and recovery to the COVID-19 pandemic.
Stores have largely reopened, but two-thirds of respondents believe it will take six months or more to see a full recovery in sales.
While most retailers remain cautious, expansion sentiment has improved since CBRE’s previous survey in May, supported by the gradual recovery in retail sales.
To read the full report, click here.
