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As Russian sales shrink, the German sportswear retailer has already closed more than 100 stores this year and will close another 50 by December. C.E.O. Kasper Rorsted expects the Russian market to...

19 September 2017

German department stores flirt with outlets.

As the U.S. Saks Off 5th launches in Germany and the Netherlands, Karstadt department stores will also test sales space for low prices this year, in partnership with online pure-players...

19 September 2017

The Expert’s Eye

A discussion with Lara Boursier, Asia Director for the law firm of Simon Associates, who has been living in Beijing for more than 5 years.

19 September 2017

Can foreign retailers still succeed in China ?

Faced with China’s unbridled mall expansion and fierce growth of online sales, how do foreign retailers prioritise investments ? Live from Shanghai, Global Retail News investigated how retailers...

18 September 2017

Carrefour wants smaller hypermarkets in China

At the Mapic conference in Shanghai in late August 2017, Frank Chan, Director of Carrefour’s shopping centres in China, said: “We are reducing the average sales area of...

18 September 2017

Outlet retail is booming in Europe

Within Europe brick-and-mortar sector, off-pricers and outlet retailers continue gaining momentum via new format and new players. Global Retail News analysed the key data of the fast-growing...

18 September 2017

McDonald’s ends business with Indian partner

In August 2017, McDonald’s (revenue of US$6.05 billion in Q2 2017, down by 4%) ended an historic joint venture with Connaught Plaza Restaurants Ltd (CPRL). This was the 2nd largest Indian...

18 September 2017

Galeries Lafayette keep expanding into China

The Galeries Lafayette department store operator will open a 2nd unit by March 2019 in the Pudong vicinity of Shanghai, serving a population of 25 million inhabitants. Similar to the initial store...

18 September 2017

How BIM from Turkey adapted to Morocco

Eight years after launch in Morocco (which housed a population of 35 million inhabitants in 2016), BIM from Turkey has turned into Morocco’s largest retailer by number of stores: it is now...

18 September 2017

Will South African Shoprite travel to Europe ?

In August 2017, Steinhoff International Holdings (known as “Africa’s Ikea”) finally unveiled a plan to buy 22.7% of Shoprite, Africa’s largest supermarket operator by...

18 September 2017

70% of Europeans own homes

Within the European Union, former communist countries report the highest ownership rates, which translate into a dynamic D.I.Y. market. Romania leads the ranking with 98% ownership, with Croatia...

18 September 2017

Pandora takes over its Spanish distributor

In August, the Danish charm-bracelet retailer Pandora A/S signed an agreement to acquire 100% of City Time, which owns the distribution rights for Spain, Gibraltar and Andorra markets and posted...

18 September 2017

Beauty retailers consolidate to go global

With regulatory approval, the Brazilian retailer Natura completed the purchase of The Body Shop in early September 2017, significantly increasing brand awareness, geographic reach and sales...

18 September 2017

Pressure increases for toy retailers

Can U.S. toy retailer Toys’R’Us (875 stores in the U.S. and 765 internationally) successfully restructure debt without seeking bankruptcy protection? In June 2017, borrowing was

18 September 2017

A 5th consecutive year of falling Foreign Direct Investment in Africa

According to UNCTAD, foreign direct investment into Africa fell to US$59 billion in 2016,

11 August 2017

Alain Caparros moves from Rewe to C&A

In May 2017, Philippe Brenninkmeijer resigned as C.E.O. of C&A Europe to join the Brenninkmeijer family’s investment vehicle called “Cofra”.

27 July 2017

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