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Mr. Patrik Antoni, Country Manager of Ikea India, confirmed April 2018 as the launch of a 1st Indian unit, in Hyderabad’s IT hub near Gachibowli. This represents an investment of

19 September 2017

Calzedonia and Intimissimi launch on Tmall.

In September 2017, both Italian brands are selling on the Chinese online platform owned by Alibaba. In July, the struggling U.S. fashion retailer Abercrombie also started selling on Tmall, eager...

19 September 2017

IAPM rents soar.

“In Shanghai, annual rents at our IAPM shopping mall vary between €1,850/ sq.m GLA and €2,780 / sq.m GLA, said Nicole Wu, Leasing Operations Manager at Wanda Commercial Management...

19 September 2017

Decathlon lands in Hong Kong.

In August 2017, Decathlon (sales of €10 billion in 2016, up by 12%) opened simultaneously two stores in Hong Kong in Grand Plaza, Mong Kok and in Causeway Bay (HK Island). In 2016, China...

19 September 2017

Shake Shack lands in China

The U.S. fast-food chain Shake Shack (revenue of US$268 million in 2016, up by 41%) will make inroads in Hong Kong and in China in 2018. Both territories will be operated by Maxim’s...

19 September 2017

Saks Fifth Avenue opens an office in India.

Following J.C.Penney, L-Brands (Victoria’s Secret), Lowe’s and Ann Taylor, the U.S. department store giant has

19 September 2017

Xander Group plunges into India’s retail market.

Eager to create lifestyle destinations in India, the global private equity investor Xander Group used its retail arm (Virtuous Retail South Asia) to buy a 185,880 sq.m mall in Chandigarh for

19 September 2017

Second-hand fashion expands in China.

According to Fung Global Retail & Technology, in 2016, pre-owned luxury fashion spending jumped by 20% to €1 billion. In context, the total value of

19 September 2017

Dubai, a retail oligopoly.

Only five developers own 87% of Dubai’s stock of malls and 15 retailers represent 90% of foreign brands in Dubai (Source: Savant). The innovative Emirate is also

19 September 2017

Al-Hokair buys a 10% stake in Turkish bakers.

The Fawaz Abdulaziz Al-Hokair Saudi Group will buy 10% of the Simit Sarayi bakery chain from Turkey (bagels and pastries). This represents 408 stores to December 2017. Abdul Majeed Alhokair will...

19 September 2017

Is fast-fashion in Africa impossible ?

For Mariza Nel, Head of Communication at Steinhoff, operating successfully in Africa requires a lot of flexibility and no unnecessary frills. “Retailers have to have a very simple

19 September 2017

Carrefour will be the anchor tenant of the U.A.E.’s first nature-inspired mall.

In Dubai, the future “Dubai Miracle Garden Mall” (developed by Cityland Group) will launch

19 September 2017

Fnac takes a step back in Brazil.

Fnac Group signed a sale agreement with the local retailer Livraria Cultura in June (undisclosed amount). Fnac has been present in Brazil since 1999, operating only 12 stores in the southern

19 September 2017

Via Varejo to test new store concepts in Brazil.

Having suspended the “For Sale” notice, home-electrical retailer Via Varejo will open in December a virtual and urban store (probably in Sao Paulo) with low footage and with no...

19 September 2017

Ikea will jump into augmented reality

In the United States of America, the world’s largest furniture retailer Ikea is working with a new augmented reality application for furniture placement. Users have a full view of their room...

19 September 2017

Leroy Merlin is testing a retail store in Johannesburg

In May 2017, the D.I.Y. giant opened its first experimental store in South Africa, which offers

19 September 2017

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