Asia Pacific: Retailers to focus on increasing online sales

About 38 percent of retailers plan to focus on increasing their online sales capacity over the remainder of 2020, according to CBRE in its Asia Pacific Retail Flash Survey – 2020, which surveyed 180 retail clients between April 28 and May 21, 2020.

A similar percentage plan to reduce their physical footprint. However, around 22 percent of respondents either expect to add more stores or have not yet made any decisions.

Respondents in the sporting goods trade are utilizing videos and livestreaming to engage with customers, while F&B retailers are partnering with online food delivery apps to ensure business continuity.

To read the full report, click here.