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The wholesale retailer Costco will open its first membership retail store in 2019. This will be in Shanghai’s Minhang district in partnership with the property company Galaxy Holding based...

25 May 2018

Eataly moves ahead in China

The Italian high-end food retailer Eataly (turnover of €465 million in 2017 up by 20% year-on-year) is considering creating a possible joint-venture in China with a local partner. According...

25 May 2018

Too many entertainment services in Dubai ?

As entertainment theme parks have mushroomed in Dubai (7 in total), the Al Ahli group has suspended a project for another in Dubai. This is in partnership with the 20th Century Fox and due to open...

25 May 2018

V.A.T. slows “retail” consumption in Abu Dhabi

According to C.B.R.E., Emirati consumers are more cautious in their retail spending due to higher costs of living and the impact of the

25 May 2018

UAE. Extension of Al Jimi centre in Al-Ain

By the end of 2018, Aldar Properties will complete the extension of its Al Jimi mall in Al-Ain, the U.A.E.’ 4th largest city with a population of 470,000 people. This new investment program...

25 May 2018

MAF invests “all ways” in cinemas

Majid Al Futtaim (MAF), the Gulf largest family-owned retail conglomerate aims to open 600 cinemas in Saudi Arabia over the next 5 years, ready to exploit the gradually opening entertainment...

25 May 2018

The Chalhoub Group plans a 2% sales uplift in 2018

After a “gloomy” 2017 year with sales up by 1%, the Emirati luxury giant (partners include Louis Vuitton and Fendi) predicts a similar trend for 2018, with turnover up by 2%. “A...

25 May 2018

South Africa. Pick and Pay downsizes hypermarkets

“Consumers are doing less and less big weekly shopping,” says Richard Brasher, C.E.O. of the South African grocer Pick and Pay. “There is no time to spend in the larger...

25 May 2018

Fashion. Turkish retailer De Facto sees potential in North Africa

In Turkey, the expected I.P.O. (Initial Public Offering) of the affordable fashion retailer DeFacto Perakende Ticaret should help the firm reduce a net debt of US$117 million at December 2017...

25 May 2018

Ikea rolls out its urban formats

In France, the world’s largest furniture retailer Ikea has announced the opening of a store covering 6,000 sq.m GLA over two floors in the Madeleine business neighbourhood of Paris. This is...

25 May 2018

Gucci remains Kering’s growth engine

During the first quarter ending in late March 2018, Gucci’s sales jumped by 49% to €1.8 billion. The luxury label, nicknamed the “backbone” of the group by...

25 May 2018

Moscow. Geox is testing a 100% child store

The Italian footwear retailer has opened a store dedicated to babies, children and teenagers (55 sq.m of sales area) in the Europesky mall, recording 40 million visitors per year. In 2017, Geox...

25 May 2018

Kiko aims to boost Eastern growth

The beauty retailer Kiko is in advanced talks with the Luxemburg-based fund Peninsula (Rothschild), which could become a minority shareholder via a 30% investment and a capital increase of...

25 May 2018

Smyths Toys becomes Europe’s n°1 toy retailer

The Irish retailer Smyths Toys (110 medium-sized stores in Ireland and the U.K.) is about to double in size with the purchase of Toys’R’Us stores in Germany (68), Austria (15) and...

25 May 2018

Sunday work. Germany is adapting to e-commerce

Eager to help physical retailers dealing with online competition selling 24h/24, the newly elected government of North Rhine-Westphalia, Germany’s most populated area including Cologne...

25 May 2018

Amsterdam. Ekoplaza tests a zero-plastic packing aisle

In the capital city of the Netherlands, the supermarket operator Ekoplaza (47 active supermarkets) has opened a totally plastic-free aisle, where 700 products are only sold in natural and...

25 May 2018

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