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Massive downturn for Danone in Morocco
In the context of an economic spending crisis in Morocco, the dairy-product maker Danone issued a profit warning, reporting a significant fall in annual margin and turnover for the Moroccan...
3 July 2018
The “Ikea from South Africa” loses asset value from capitalisation
In the period to March 2018, Steinhoff International (the owner of Conforama, Mattress Firm and Kika/Leiner) posted a net loss of €621 million. This was caused by significant asset...
3 July 2018
Oman’s first Westfield-style mall to open in September 2018
With a retail space of 70,500 sq.m GLA out of 147,200 sq.m., the Al Araimi Boulevard mall will be Oman’s biggest shopping centre. Developed by Al Raid Group over two floors in the coastal...
3 July 2018
U.A.E. Waitrose introduces a plastic bag charge
The British retailer Waitrose (operated locally by Fine Fare Food Market) has been the 1st grocery retailer in the United Arab Emirates to set up a €0.06 per single-use plastic bag from June...
3 July 2018
Noon e-retailer has ambitions in Pakistan
The U.A.E. e-retailer Noon (backed by a group of Gulf investors and Saudi Arabia’s Public Investment Fund) is considering opening in Pakistan. “We should look at Pakistan because it...
3 July 2018
Build-A-Bear, The Concept of the Month
The continued dramatic upheaval of the toy sector is marked by Amazon’s toy sales growing by 12% in 2017 matched by Toys’R’Us closing all the operations in the U.S.A. and the...
3 July 2018
In 2018, Amazon’s sales will jump by almost 30% in the U.S
According to a study from eMarketer, Amazon is on track to capture 49.1% of the overall U.S. online sales, an increase from 44% in 2017. If this forecast is accurate, the company is crossing a...
3 July 2018
Cash & Carry. Carrefour-Brazil launches a high-speed checkout
In the Vila Maria Atacadao cash & carry store in São Paulo, Carrefour is testing a new completely automatic checkout system. This is an unprecedented move for the Brazilian wholesale...
3 July 2018
US$500 billion in Tariffs on Chinese products? For the U.S
Treasury Secretary Steven Mnuchin, “It is definitely a realistic possibility” that the U.S. will impose tariffs on all $500 billion worth of goods imported from China as part of...
3 July 2018
U.S. malls vacancy hits six-year high
According to a study from Reis (77 cities studied), mall vacancy rate reached 8.6% in the quarter to June 2018, up from 8.4% in Q1 2018. Malls are the emptiest they’ve been since 2012...
3 July 2018
Wal-Mart gets sale green light from Brazilian authority
In late June 2018, the Brazilian antitrust authority approved a sale of Wal-Mart’s local business to the buyout investing firm Advent International without sales of
3 July 2018
American Dream Miami, The Mall of the Month
As store closures are accelerating, in May this year Florida officials approved plans to build the largest mall in the U.S.A. Called the American Dream Miami, this will cover 576,210 sq.m GLA for...
3 July 2018
Department stores. “Enhancing fulfilment capacity is a priority”
In Canada, the department store retailer La Maison Simons (15 department stores, sales of US$385.6 million in 2017) completed the largest investment in 178 years of trading. A US$166 million...
2 July 2018
Department stores. “Enhancing fulfilment capacity is a priority”
In Canada, the department store retailer La Maison Simons (15 department stores, sales of US$385.6 million in 2017) completed the largest investment in 178 years of trading. A US$166 million...
2 July 2018
H&M repairs clothes in Paris
Eager to pull shoppers away from e-commerce and return to buying in stores, Hennes & Mauritz installed sewing machines at the heart of its newly revamped Paris flagship in Rue Lafayette...
1 July 2018
Retail Property. From the Expert
According to Patrick Brenninkmeijer, Portfolio Director for Redevco Switzerland and Central Europe, secondary cities offer bright spots for retailers. He explains why Geneva is one of these.
10 June 2018
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