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“Values of medium-sized shopping centres are falling, we don’t see a clear future for this class of asset”
Patrick Delcol, Head of Pan-European Retail at BNP Paribas Real Estate answers key questions for G.R.N.
- Retail
- News
12 December 2019
Are shopping centres still justifiable?
What is the “raison d’etre” of shopping centres in 2020, and after? At the Mapic conference held in November, GRN explored a sector in the midst of critical change.
L’Occitane: Elemis investment pays back
The beauty retailer L’Occitane International (3,420 points of sales including 1,572 company-owned stores), announced net sales of € 727 million in the quarter to late...
- Retail
- News brief
10 December 2019
Voice recognition from. A future revolution for retail?
Voice dictation services are booming. Although 70% of voice requests to either Alexa and Siri are about weather, 30% of smart phone users also use voice dictation every day. (source: BDM media)...
- Retail
- News brief
26 November 2019
Who are the new Picard shareholders?
As discreet as influent, these individuals are unknown to the public but have a fair legacy of success as convenience store experts. Moez-Alexandre and Soraya Zouari, who own the eponymous Zouari...
- Retail
- News brief
14 November 2019
New M.D for Walmart U.S.A.
In the United States, Walmart announced the surprise departure of Greg Foran, who ran Walmart U.S.A. for the past five years, i.e. 4,769 stores excluding the Sam’s Club cash & carry...
- Retail
- News brief
14 November 2019
Hong Kong protests push city into recession
In September 2019, the chain of organic convenience stores JustGreen dropped the curtain in Hong Kong, after 11 years of business. InterContinental Hotels Group told investors that in Hong Kong...
- Retail
- News brief
14 November 2019
Do Chinese shoppers want sustainable fashion?
In China’s retail, trends generally spread very quickly. As Chinese consumers are used to be interested in the best deals on designer brands, will the next frontier be ethically sourced or...
- Retail
- News brief
14 November 2019
Uniqlo’s impressive Indian start
Japan’s biggest fashion brand is Uniqlo (a subsidiary of Fast Retailing, revenues of US$48.1 billion in 2018, up by 7.5%). The business opened a first store in India in October 2019 and...
- Retail
- News brief
14 November 2019
U.S. brands lose Chinese customers
Many international retailers miscalculated the consequences of a wave of Chinese patriotism in a country with a population exceeding 1 billion. According to a study from Brunswick Group of June...
- Retail
- News brief
14 November 2019
Metro AG and Costco in opposite moves in China
The German wholesale retailer Metro AG agreed to sell a majority stake in its Chinese operations to Wumei Technology, which owns 1,000 stores (under the Wumart brand notably) with annual sales of...
- Retail
- News brief
14 November 2019
Electro Man, The Concept of The Month
In Seoul, we visited the Electro Mart store in the Starfield Hanam Mall. Electro Mart is part of E-mart, South Korea’s largest diversified retailer (US$15.5 billion revenue in 2018, a rise...
- Retail
- News brief
14 November 2019
India’s new protectionist laws threatens Walmart
In India, Amazon and Walmart, owner of Flipkart, are in the target cross-hairs aimed by ‘Kiranas’, who are traditional family shops that sell a little of everything on every street...
- Retail
- News brief
14 November 2019
Eden Park aims to win an African bet
Following Setif and Oran, the menswear brand Eden Park (sales of €60 million in 2018, up by 3% year-on-year) opened on October 19, 2019, a 3rd Algerian store, near the newly opened Decathlon...
- Retail
- News brief
14 November 2019
Saudi Arabia bets on retail and tourism
Saudi Arabian unemployment passed 12% in late June 2019. This represents over a million people seeking work, including 30% of these aged between 25 and 29. In the current context of economic...
- Retail
- News brief
14 November 2019
Jumia on a tightrope
According to Standard & Poor’s, African e-commerce leader Jumia Technologies recorded a share price fall of 29% in September 2019. This follows, among other pressures, a Bloomberg...
- Retail
- News brief
14 November 2019
Our mind news
Against a backdrop of growing pressure on household budgets, the European CCD2 Directive coming into force and a new legal framework for assisted purchasing journeys, Oney is stepping up an...
- Retail
- mind Exclusive
- Retail tech
29 October 2026
Amid an ownership shake-up following its acquisition by Evoriel, shopping centre operator Advantail has signed with Formality to digitise the management of commercial leases and contracts across...
23 October 2026
With an average basket of €3,500 and a payment journey that includes a financial deposit at the time of ordering, Mobilier de France shares with mind Retail its assessment of the rollout of...
- Retail
- mind Exclusive
- Retail tech
15 October 2026
Eager to bring together customer data and improve data accuracy, jewellery and watch retailer Maison A.Constant built its own Single Customer Repository (SCR) using n8n, an orchestration platform...
7 October 2026
Most viewed articles of the month on mind Retail
What readers clicked on the most last month.
What readers clicked on the most last month.
1
Advantail signs with Formality to streamline commercial lease management
Amid an ownership shake-up following its acquisition by Evoriel, shopping centre operator Advantail has signed with Formality to digitise the management of commercial leases and contracts across...
23 October 2026