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Galeries Lafayette downsize in China
By the end of 2018, a 2nd Galeries Lafayette’s Chinese unit will open in Shanghai within the Pudong Mall, a mall under construction located on Pudong Nan Road (between Shangcheng Road and...
27 February 2018
Vietnam is now an awaking Asian dragon
In 2017, Vietnam’s retail sales grew by 10.9% year-on-year to US$129.6 billion, driven by a rising middle class, an influx of international retailers and a 6.3% G.D.P. growth in 2017. In the...
27 February 2018
Alibaba / Tencent. The race is on to lead Chinese grocers
Eager to tackle groceries as the last frontier in e-commerce, almost all grocery retailers active in China have teamed up with Internet giants. In mid-January 2018, Carrefour-China announced an...
27 February 2018
Is Indian demand for luxury taking off ?
The Indian fashion designer Rahul Mishra has embarked on building a retail empire, opening an array of individual stores in Europe and India. His first store covering 1,395 sq.m GLA called...
27 February 2018
Dyson is growing in China
Having launched in China in 2013 via wholesale agreements and online, Dyson is accelerating its retail footprint. In May 2017, the British premier home electrical retailer opened a first...
27 February 2018
Wagamama restaurants see further potential in the U.A.E
The Japanese specialized restaurant operator Wagamama, based in the U.K., opened a 370 sq.m GLA restaurant in January 2018. This is in the Dubai Mall (156 seats with communal tables and an outdoor...
27 February 2018
Spar International expands in Saudi Arabia
As announced as early as 2013, the Dutch grocer Spar International (sales of €33.1 billion in 2016 via 12,500 stores worldwide) added 3 stores in Riyadh in January 2018, which cover 2,900 to
26 February 2018
U.A.E. beauty spending is amongst the world’s highest
According to Euromonitor International, in 2016, the average transaction for beauty products reached US$239 per capita in the U.A.E. The country ranked 7th in the world for beauty spending, a rise...
26 February 2018
In Dubai, the Ibn Battuta Mall posted a record of traffic
In 2017, the Ibn Battuta Mall (owned by Nakheel) recorded 21 million visitors, driven by an influx of tourists, new residential developments in surrounding areas and
26 February 2018
Mirkaaz, THE MALL OF THE MONTH
Built by Chinese contractor CSCEC (China State Construction Engineering Corporation), the construction of the US$136 million Mirkaaz mall in Ajman city, U.A.E., started in January 2018, with an...
26 February 2018
Hema ventures in the Middle East
The unprofitable retailer Hema (which sells fashion, designer homeware products, cosmetics, etc.) is venturing outside Europe with the imminent opening of a store in Dubai in the United Arab...
26 February 2018
Lululemon searches a C.E.O
Laurent Potdevin resigned in January under questionable and unexplained circumstances, with an exit package of US$5 million. The C.E.O. “fell short” of Lululemon’s standards...
26 February 2018
“2018 will be a difficult year for Amazon”
That is what Jerome Gayet, Head of BDC Consultants said following the NRF Big Show in New York in January 2018. Amazon will face a plethora of new competitors issued from
26 February 2018
GPA and Carrefour compete for market leadership in Brazil
In 2017, Carrefour posted gross revenue of US$16.2 billion (+6.1% from 2016) while GPA expanded its revenue (including petrol stations) by 8.2% to US$15 billion. The revenue gap between both firms...
26 February 2018
Corporate tax rates fall in the U.S
In the U.S., the tax overhaul will decrease the 2018 corporate tax rate on companies’ profit from 35% to 21%, following the new laws passed by the Senate in December 2017.
26 February 2018
Can Amazon do with fashion what it did with books ?
As Amazon.com became the world’s 6th biggest retailer by sales in 2016 (sales from the digital market place excluded), the core success of selling books will not be as straightforward when...
26 February 2018
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