[Post 779] Retail brands gain from expanding into F&B within shops

Summary

Some retail brands are seeing a 10 per cent jump in revenue, after expanding into food and beverage services within their premises. They told CNA that this has helped them to diversify revenue streams and even defray rising rental costs. The move comes as they face lower footfall amid competition with e-commerce and consumer behaviour shift to focus more on experiences. CNA’s Kate Low reports.