Daily Newsletter

07 August 2023

Daily Newsletter

07 August 2023

Sainsbury’s opens new local store in Tower Hamlets, London

The store offers Sainsbury’s latest convenience range, as well as a selection of freshly baked bread and pastries.

Jangoulun Singsit August 07 2023

UK-based supermarket chain Sainsbury’s has opened its new Wapping Lane Local store in Tower Hamlets, London, UK.

The 1,658ft² store will feature fresh fruit and vegetables, healthy snacks, food-to-go and frozen items, as well as freshly baked bread and pastries.

Customers can also pick up Argos, Habitat and Tu Clothing products ordered online through the in-store Click and Collect service.

The new store will create jobs for local people and support regeneration in the neighbourhood.

Sainsbury’s property director Patrick Dunne said: “It’s been a pleasure to welcome Sainsbury’s Wapping Lane Local to our estate this week.

“We’ve recognised the opportunity a new convenience store would represent for the local community in Wapping for some time now and we’ve really pulled out all the stops to bring our plans to life, making the most of an unique space in a fantastic redevelopment project. We’re delighted with the result and we think our customers will be too.”

Located nearby Wapping Rail Station, Sainsbury’s Wapping Lane Local opened on the ground floor of a former office building.

Recently, the upper floors have been converted into a suite of luxury apartments by Malins Group.

The Malins Group managing director Lauren Atkins said: “It’s always a privilege to repurpose underutilised spaces and transform them into vibrant new ones.

“The benefits of permitted development are clear at Green Bank Lofts, where the collaborative efforts of The Malins Group and Sainsbury’s have enabled a speedy transition from unused office building to 18 apartments and thriving retail space.”

In June, Sainsbury’s expanded its footprint by opening an upgraded store in Henfield, West Sussex.

APAC duty-free market expected to grow fastest, fueled by rising income levels and international travelers

Per latest GlobalData estimates, the global duty-free market retailing market was valued at $49 billion in 2022, its highest level ever as it bounced back from the pandemic impact, and is expected to grow at a CAGR of more than 28% during the period 2020-2026, driven by government initiatives, rising passenger numbers, major global events (for instance global sporting tournaments) and the renewed popularity of cruise trips. Infrastructure investments will also play an important role, particularly airport expansion and space refurbishment, and investments in arrivals duty-free formats. That said, growth will be held in check in the years ahead by the permanent erosion of disposable income from the heightened cost of living impacting demand for air travel. The duty-free market in the APAC region showed strong growth in 2022, as traveler numbers surged in response to the lifting of travel restrictions. To cater for rising demand in the region, many airports in the APAC area are expanding and modernizing, giving duty-free stores greater space that will allow them to attract more customers. The future of APAC duty-free retail is also being shaped by the adoption of technology. The rise in online shopping, mobile payments, and digital marketing are giving businesses new ways to connect with customers and improve the shopping experience.

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