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Department stores. Neiman Marcus leaves outlet operations
The retailer (with 30% of revenue from e-commerce) is expected to soon close more than 50% of the “Last Call” discount stores. The new focus is on selling luxury. In the U.S., the firm...
18 March 2020
Ulta Beauty targets Canada
With success above expectations in 2019, the cosmetics retailer (1,254 stores in the U.S.A.) confirms international ambitions. By 2021, the firm aims to expand into Canada. The country will be...
18 March 2020
Landlord Simon Property saves tenant Forever 21
Involved in a fierce expansion strategy including a takeover of rival Taubman Centres for US$3.6 billion, the property landlord Simon Property Group (200 malls and outlet centres in the U.S.)...
18 March 2020
Underwear. L-Brands transfers control of Victoria’s Secret
Eager to ease debt pressures, the U.S. underwear retailer Victoria’s Secret has been transferred to Sycamore Partners and delists from the stock market. The investment fund takes 55% of the...
18 March 2020
In the U.S.A. and in Europe discount and e-commerce do not mix
The U.S. discount fashion retailer Burlington Stores (turnover of U$2.2 billion during the quarter to late January 2020, via 720 stores in the U.S. and Puerto Rico) announced a closure of the...
Beauty retailer Natura & Co. posts solid results
In Brazil, the cosmetics giant Natura recorded a solid performance in the 4th quarter of 2019, with sales of US$1 billion, a rise of 7.3%. Adjusted E.B.I.T.D.A. grew by 12% to US$177 million...
18 March 2020
Ingka Group. “Instead of building malls, we are looking to buy existing urban assets”
While Ikea has clearly prioritised city centre formats, Sophie Baqué met Jan Kristensson, in charge of the brand's real estate strategy.
18 March 2020
Retail Property. Time for asset reshuffle has come
Across Europe, retail property companies are reviewing portfolios to adjust to a fluctuating context. E-commerce is gaining market share and the retail property market is become less resilient and...
18 March 2020
Ace & Tate adds sustainability and physical stores
The Dutch eyewear direct-to-consumer brand Ace & Tate launched in 2013 as a pure-player, but now operates more than 50 fully-owned stores across 10 European countries. The latest innovation is...
18 March 2020
Edeka Zurheide, The Concept of the Month
Whilst supporting ‘Euroshop’ G.R.N. reviewed the very high-end supermarket Edeka Zurheide (on Berliner Allee, 10 minutes from Düsseldorf central station). Halfway between retail...
18 March 2020
Omnichannel and trade-focused concepts fuel D.I.Y. growth
In 2019, the British trade-focused retailer Toolstation (part of Travis Perkins retail group) posted total sales up by 26% via 400 stores. Like-for-like sales grew by 16%. In the U.K., the store...
Portuguese giant Jeronimo Martins has sights on Romania
The Portuguese grocery retailer (sales of €18.6 billion in 2019, up by 7.5%, and a rise of 7.9% in net profit to €433 million) continues expansion into Eastern Europe. Whilst Portuguese...
18 March 2020
Asia and omnichannel boost growth for Decathlon and Intersport
Europe’s biggest sporting goods retailer, Decathlon, raised the competitive bar in 2019 with turnover of €12.4 billion, a rise of 9%. Revenue growth was almost twice as fast as in 2018...
18 March 2020
Retailers face an enforced halt to business
Non essential store operations are closed by governments whilst grocery retailers struggle with exploding demand, both online and in stores. Retailers have tough questions as they face a temporary...
17 March 2020
Will 2020 be better for British C.E.O.s?
According to a study from Korn Ferry amongst British retail executives, C.E.O. turnover has increased by 25% in the retail industry in 2019, reaching a 7-year high. A total of 55 C.E.O.s changes...
18 February 2020
H&M names new female C.E.O.
In an industry reliant on women as customers, the Swedish fashion retailer Hennes & Mauritz placed an unusual bet by appointing a seasoned woman executive at the top of the corporate ladder...
18 February 2020
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