Postpone Announcement

C-star 2021 will be postponed

Currently, international travel to China still remains highly restricted, and the outbreak of COVID-19 continues to create uncertainties for retail brands in their offline expansion and sourcing plans. In view of the situation, the organizers have decided, after careful consideration, to postpone the 7th edition of C-star (Shanghai’s International Trade Fair for Solutions and Trends all about Retail), originally scheduled to be held at the Shanghai New International Expo Centre from August 31st to September 2nd, 2021. The new date and planning will be announced in the coming weeks.

“Witnessing normally a high percentage of international exhibitors and visitors, we decide to postpone C-star 2021 during the special period in order to gain more time on travel normalization, get well prepared to welcome the fully recovered retail industry and to build a higher quality sourcing and communication platform.” said by Marius Berlemann, General Manager of Messe Düsseldorf (Shanghai) Co., Ltd..

For the next edition, C-star will continue to focus on innovative solutions in five dimensions: Shop Fittings & Store Design, Visual Merchandising, Retail Lighting, Smart Retail Technology and Retail Marketing. The innovative supporting programme, including Retail Stage, H!Tech Stage, ReTailor Hub, EuroShop RetailDesign Award China, Retail Technology Award China as well as Visual Merchandising Challenge will offer the opportunity for visitors to discuss hot topics with excellent solution providers, leading retail brands, shopping mall executives and academic experts.

In the next stage, Messe Düsseldorf Shanghai will organize a series of offline networking events to share retail industry insights and build deep connections. Meanwhile, the organizer will continue to work with trade media, associations, research institutes and the EuroShop Trade Fair Family to collect the latest and most comprehensive retail information for retail professionals and publish on C-star official website, WeChat and LinkedIn so that retailers can keep up to date with the latest trends in the retail industry.

For more details about C-star, please follow C-star LinkedIn or visit the official website:http://www.c-star-expo.com/en/.


July 27, 2021

Press News Retail News

C-star News

Stable Mall Supply Volume To Keep Chengdu’s Vacancy Rate Falling

2021-09-10


Photo by retailasia.net

 

Renewal and upgrade will be the main focus of malls in traditional urban areas.

 

The shopping mall average vacancy rate in Chengdu, China is expected to fall in the next few years as the new supply volume in the city’s retail market is projected to be stable over the same period, according to a Savills report.

 

About 400,000-square metre (sqm) shopping malls are expected to enter Chengdu retail market in the second half of 2021, although the citywide average vacancy rate is not expected to display considerable fluctuations due to the even distribution of new supply.

 

“In the next three years, about half of the new supply in traditional urban areas will be located in the Financial City, Dayuan, and City East submarkets,” the report stated.

 

According to Savills, since available land resources within Chengdu’s traditional urban areas are becoming more scarce, existing retail projects’ renewal and upgrade would be the focus of the market in these areas.

 

“With industry development and population growth in the markets surrounding traditional urban areas, more high-quality and diverse retail projects are expected to open in these areas,” the report said.

 

The citywide shopping mall average vacancy rate fell 0.8 percentage points (ppt) quarter-on-quarter (QoQ) to 8% in the second quarter (Q2) of 2021, as landmark projects in the city’s prime retail area started large-scale tenant upgrades in Q2 2021, and the overall tenant quality of projects in Chunxi Road was enhanced.

 

The prime retail area’s average shopping mall vacancy rate also dropped by 0.4 ppt QoQ to 8.0%.

 

“Shopping malls in the City South, City East, and Financial City submarkets adjusted tenants frequently in Q2 2021, and their vacancy drops were bigger than other submarkets across the city, driving the average shopping mall vacancy rate of non-prime areas to decrease by 0.8 of a ppt QoQ to 8.0%,” the report added.

 

In terms of supply during the quarter, Chengdu Incity in Jianshe Road entered the market, with a total gross floor area of 102,000 sqm, pushing Chengdu’s total shopping mall stock to 6.7 million sqm.

 

The new project enlarged the retail property stock of the traditional commercial submarket, Jianshe Road, and also promoted the renewal of the submarket, offering consumers more diverse purchasing choices and shopping experiences in the region, Savills said.

 

Owing to the strong regional influence and attractiveness of Chengdu’s retail market and high-quality projects, many famous brands from home and abroad entered the market during the quarter. Debut retail brands were mainly street fashion brands, the report noted.

 

For instance, popular fashion brand collective store, Knowin, opened at Atrium (Phase Two); and North American sneaker collective brand, Solestage, launched its first Southwestern store at Sino-Ocean Taikoo Li.

 

Source: retailasia.net

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