James Hawkey, Managing Director of Retail in Asia Pacific with Cushman & Wakefield, comments on growing retail expansion in Asia.
James Hawkey from Managing Director Retail Asia Pacific with Cushman & Wakefield was at MAPIC in November to speak about the continued interest in development & expansion of retail in Asia. With nearly 1,000 malls in the pipeline and 200+ malls to be completed by 2014, there is and will continue to be, a problem of oversupply. He says that fast fashion like H&M, Zara and C&A is very active, taking over the large expansion seen from luxury markets in the past.
Watch the full interview below to find out how how the market varies in different regions throughout Asia and what challenges retailers might face when developing their brand in the continent.