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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
Prêt-A-Manger reduces single-use packaging.
At a time when store employees are nervous of customers using their own packaging, the Prêt-A-Manger chain has successfully rolled out an innovative strategy. The company offers an immediate...
21 May 2019
Saks Off 5th leaves Germany
After 2 years of unsuccessful trading, the American outlet retailer Saks Off 5th will close all 8 German stores. In Düsseldorf, the iconic store (4 storeys covering a total of 3,500-sq.m GLA)...
21 May 2019
Poland. Arm wrestling amid delicatessen chains
In Poland, a third chain of delicatessen – these premium grocery stores positioned like Marks & Spencer or Monoprix – is about to go bankrupt. Following the Bomi and Alma banners...
21 May 2019
Hermès sales are still blooming.
In the quarter to March 2019, the sales of the highly-profitable company Hermes International jumped by 15.5% in total to €1.61 billion, and by 12% at constant exchange rate. The leather...
21 May 2019
In Poland, New Look filed for bankruptcy.
In Poland, a court administrator will decide the fate of New Look stores. Involved to a drastic reduction of international activity, the fashion retailer shut all 6 Belgian stores and closed in...
21 May 2019
Europe. Resilient to the Web, the D.I.Y. market sticks to physical stores
Following economic turbulence since 2011, the European D.I.Y. & gardening market has developed more steadily in recent years. Within Europe’s 6 largest countries as Germany, France, the...
21 May 2019
Asos aims to block shoppers returning too much
n the U.S.A., such a practice has been implemented for more than 4 years at Amazon. The trend is now arriving in Europe, as the British online retailer Asos (revenue of £1.31 billion in the...
21 May 2019
How can the fashion industry solve the issue of synthetic textiles pollution ?
Polyester, nylon, acrylic… According to the International Union for Conservation of Nature, the fashion industry needs to address how more than a half a million metric tons of microfibers...
21 May 2019
Red. From “clicks” to a physical store
In Shanghai, Global Retail News visited the Red store, a physical version of the eponymous fast-growing website. This concept is totally focussed on customer satisfaction. It was a struggle not to...
21 May 2019
Massimo Volpe, FIRA : “Does it make sense to protect all the data with GDPR if it impacts innovation?”
Sophie Baqué discussed with Mr. Massimo Volpe, President of the Federation of International Retail Associations (FIRA*), during the C.I.R.I.S. conference held in Shanghai in April 2019.
21 May 2019
Adrien Fabry, Phoceis: “Without a long-term project and a budget exceeding €100,000, do not plan to sell via social e-commerce in China”
A further route to sell into China with online retail is social commerce, led by WeChat (Tencent Group). This all-purpose app includes a messaging system, a social network, an online sales...
“Alibaba truly shares a lot of data with retailers and brands”
Eager to enter China’s more competitive retail market, many brands and retailers now launch online first, opening a store on the Tmall marketplace (Alibaba). G.R.N. investigated the process.
21 May 2019
China. The triumph of ‘New Retail’
Exciting and frightening, ‘New retail’ is everywhere in Shanghai. Alongside the C.I.R.I.S. conference, Global Retail News met the Vice Presidents of Alibaba at their Hangzhou HQ, together with an...
21 May 2019
“Freedom, Equality, Glossier”
A brand now valued at US$1.2 billion, with US$100 million raised during a Series D in March 2019. 1.9 million followers on Instagram. This is, in a few figures, the Glossier empire started in 2014...
16 April 2019
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