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Combination of the two largest German department stores
Two of the largest German department store chains, Karstadt and Galeria Kaufhof, are merging. The purpose of the merge is to strengthen the chains’ position in the competition against...
8 October 2018
Turkey: Government call for use of Turkish lira in property sales
As many of the shopping mall investments in Turkey were financed with US$ or € loans, the owners have seen their debt burden rise with recent volatility in the exchange rate. The Turkish lira...
8 October 2018
Casino’s Monoprix chain agree to sell groceries via Amazon
Casino’s Monoprix chain agree to sell groceries via Amazon. U.S. e-commerce giant Amazon and French food retailer Casino announce that groceries sourced from Monoprix would be available in...
8 October 2018
MARVIN ELLISON réveille Lowe’s
L’ex-PDG de J.C. Penney est un homme pressé. En juillet, Marvin Ellison endossait le costume de C.E.O. chez Lowe’s. Depuis, il n’a pas perdu de temps pour sortir de sa...
11 September 2018
C.B.R.E. Inc reorganises around 3 new units
One of the world’s largest managers of retail property re-structures as 3 global businesses. Mike Lafitte is promoted to Global C.E.O., Advisory Services, with responsibility for leasing...
11 September 2018
Calvin McDonald is Lululemon’s C.E.O
Married with four children, Canadian Calvin McDonald is the new Chief Executive Officer of Lululemon Athletica, the yoga-inspired athletic clothing group. McDonald served for 5 years as President...
11 September 2018
Outlet retailing is booming in Europe
According to “European Outlet Shopping”, the 2nd annual report by Pragma Consulting (formerly FSP), the European outlet industry continues to deliver impressive growth. Despite the growth of...
11 September 2018
South Africa: Furniture and decor retailer Block and Chisel opens an in-store café
The firm has opened The Block Café at the store in the Diep River suburb in Cape Town, with a simple menu, including toasties and domestic Fairtrade coffee. The dining area is a mixture of...
11 September 2018
South Africa experiences weakest growth since October 2017
South African retail sales for June 2018 grew by 2.9% year-on-year, excluding the effects of inflation, showing the rate of growth has fallen for the third month. The total retail sales growth...
11 September 2018
Saudi Arabia sets deadline for health drive in food services
The Saudi Food and Drug Authority (S.F.D.A.) has ruled that restaurants, cafés and all other food facilities in the kingdom have until December 31st 2018 to comply with
11 September 2018
Dubai Square: A giant shopping mall in the United Arab Emirates
A new retail project announced by Dubai Holding and Emaar Properties is under way. Dubai Square is a new retail metropolis built in Dubai Creek Harbour along the historic Dubai Creek. With over...
11 September 2018
Discount retailer Don Quijote looking for expansion
The Japanese retailer Don Quijote Holdings Co. has expressed interest in the Wal-Mart Inc’s Seiyu supermarket unit although there is no formal sale process. With this announcement, and sales...
11 September 2018
Uniqlo Southeast Asia network will double
The Japanese clothing giant Fast Retailing said it plans massive expansion in the Asia-Pacific region. The Uniqlo Southeast Asia and Oceania store network is set to double by 2022 to
11 September 2018
Overall retail space will grow in Thailand
The Thai Retailers Association (TRA) recently predicted that Thailand’s retail industry in 2018 would grow between
11 September 2018
Starbucks to offer food delivery and a virtual store with Alibaba
The American coffee chain Starbucks has extended its partnership with the Chinese e-commerce giant Alibaba. The partnership sits on Ele.me, Alibaba’s food delivery platform, delivering...
11 September 2018
A new beauty chain opens in Thailand
The Thailand-based retail and property developer Siam Piwat Group with the Japanese group Istyle Inc. has launched a new chain into the US$ 9,8 million beauty market. As a joint venture, the
11 September 2018
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