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Department stores. Printemps flirts with new territories
Acquired in 2013 by Qatari investors for €1.6 billion, the Printemps Group is expanding again in foreign markets. By 2021 a very large department store covering more than 30,000 sq.m GLA will...
17 June 2019
In Berlin, H&M tries a “Big Data” collection
After poor results of 2018, with a turnover of €23.65 billion and a fall in new profit by 13%, the world’s second largest fashion retailer Hennes & Mauritz promised to...
17 June 2019
FASHION. Is sustainable activism a new fashion style?
Will tomorrow’s fashion be necessarily connected to the planet? For many designer labels, born on the internet, with radical positions, the answer is already “Yes!” For historical and more...
17 June 2019
Fashion. Are socially conscious brands leading the way?
For traditional retailers, combining sustainability and profitability is a headache. Sophie Baqué met Mathieu Sauleau, Operational Director at Vilebrequin to understand how the swimsuit...
17 June 2019
Jeremy King. from Wal-MarT to Pinterest
Jeremy King, Chief Technology Officer at Wal-Mart, abruptly left the world’s largest retailer by sales after eight years to join the Pinterest social network, which claims itself as...
21 May 2019
Denmark. Bestseller Group mourns their family
This is a sad world. Anders Holch Povlsen (owner of the fashion retailer Bestseller) and his wife lost three of their four children in the attacks that struck Sri Lanka on Easter Sunday, on April...
21 May 2019
Jumia still in the red with a loss exceeding revenue
In 2018, the Jumia’s marketplace (owned by Rocket Internet) posted revenue of €130 million (+38% from 2017) but increased losses to €170 million (from €165 million in 2018)...
21 May 2019
The airplane industry moves towards plastics reduction
In late April 2019, the airplane company Etihad made a first plastic-free, ultra-long-haul flight from Dubai to Brisbane without a wasteful, single-use product in sight. The move is the...
21 May 2019
My City Centre Masdar, The Mall of The Month
Abu Dhabi. In April 24th a new eco-friendly mall opened doors in Abu Dhabi, with a special focus on recycling and energy efficiency. Covering 18,500 sq.m GLA, the mall has been developed by Majid...
21 May 2019
Fashion. How Western retailers invest the Middle East
The Swedish fashion retailer Monki (owned by H&M Group) is targeting young women aged from 15 to 25, describing style as a cross between Scandi chic and Asian street fashion. The firm will...
21 May 2019
Argentinian firm aims to be the Amazon of South America
The Buenos Aires-based online retailer Mercado Libre, which serves 18 countries, plans to spend US$2 billion on logistics, package delivery and payments infrastructure operations in 2019. This is...
21 May 2019
The U.S. fashion nugget Reformation for sale
According to multiple sources, Goldman Sachs has been engaged to sell the fast-growing Reformation retailer, which operates offline (14 stores plus an array of corners at Nordstrom) and online (on...
21 May 2019
Cencosud maintains level of investment in 2019.
Alongside a goal of US$15.2 billion of consolidated revenue for this year, Chile’s publicly traded retailer will make investments of US$300 million, slightly higher than the
21 May 2019
Sporting goods. REI tests rental and used goods sales service
Renting instead of owning is a big trend with Millennials. Their attitudes on ownership and view on sustainability are changing rapidly. The American specialty outdoor gear retailer REI...
21 May 2019
Struggling retailers affecting U.S. malls
In the U.S.A, mall vacancy rates rose from 9% in Q4 2018 to 9.3% in Q1 2019. According to the property research firm REIS Inc. this is the highest vacancy rate since the third quarter of 2011...
21 May 2019
The outlet sector is expanding in Latvia.
The Outlet Resource Group (TORG) has signed an agreement with the Latvian promoter Outletico to manage an outlet centre. This is the “Via Jurmala Outlet Village” located near Riga...
21 May 2019
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