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U.S. best retail properties consolidate
In mid-November, Brookfield Property Partners (BPP, owned by Brookfield Asset Management) offered US$14.8 billion for the remaining 66% of Chicago-based General Growth Properties (GGP, 115 U.S...
20 December 2017
Wal-Mart’s online sales remain tiny
According to eMarketer, Amazon should capture 44% of U.S. online sales this year up from 38% in 2016. Meanwhile, Wal-Mart should grow from 2.8% of U.S. online sales to 3.6% this year, with online...
20 December 2017
Tim Hortons coffee shops expand in Europe
The Canadian retailer Tim Hortons, a specialist in doughnuts and cafes owned by Restaurant Brands International (RBI), will open its 1st European restaurant in Santo Domingo Square, Madrid. Before...
20 December 2017
Pure players and gyms are the top demand in U.S. malls
In Los Angeles, the new Century City mall from Westfield (120,800 sq.m GLA) houses an array of retailers who were created online, including Sugarfina (candy), Bonobos and Untuckit (fashion), Warby...
20 December 2017
Wal-Mart consolidates logos and brands in Brazil
Simultaneously with the new Wal-Mart name adopted in the U.S., which replaced Wal-Mart Stores, the world’s largest retailer wants to create brand synergies in Brazil, a 206-million...
20 December 2017
Home improvement. The Mano Mano marketplace is expected to triple business in 2017
Having reported €15 million in business value in 2014, €32 million in 2015 and €89 million in 2016, Mano Mano’s D.I.Y. and gardening online marketplace targets a...
20 December 2017
H&M mixes outlet and “pop-up” in Germany
In the wake of Austria, Denmark, the Netherlands and the U.S.A., the Swedish fashion retailer H&M opened in November 2017 a “pop-up” outlet store dedicated to end-of-lines...
20 December 2017
Calzedonia opens a flagship store in Manhattan
Having made inroads in the U.S. U.S. East Coast since early 2017 with 10 stores, the Italian fashion retailer Calzedonia opened a first U.S. flagship at 601, 5th Avenue, New York. With a sales...
20 December 2017
Choose – selling products on Amazon and / or on Tmall?
“This question is on the list of all the Comex members I’ve recently met,” said Dimitri Dewavrin, C.E.O. of The Agent. Whereas two or three years ago, retailers were reluctant...
20 December 2017
Purchasing power back to growth in Europe
According to the GFK institute, European purchasing power (revenue available for spending and savings) will climb by 1.9% in 2017 after a 0.3% increase last year. It calculates as an average of...
20 December 2017
Primark rolls out across Europe
In the fiscal year to mid-September 2017, the low-cost fashion retailer Primark (a subsidiary of Associated British Foods) reported sales of €8 billion, an increase of 12% at constant...
20 December 2017
In the U.K, 60% of BHS locations are still vacant
One year after the department store chain sank into liquidation, 95 former BHS locations (out of 160 in total) were still vacant in September 2017, said Local Data Company. As demand for large...
20 December 2017
Rains travels from Denmark to the U.S.A
The fast-growing fashion retailer Rains (selling raincoats and waterproof backpacks) opened a first U.S. store on Lafayette Street in Soho, New York. Rains also runs standalone stores in
20 December 2017
Will Eataly list in 2018 ?
In 2017, Eataly’s sales will reach €470 million via 39 stores worldwide (and 5,000 employees) compared to €400 million in 2014. According to its Operational President Andrea...
20 December 2017
Sport 2000 makes inroads in Hungary
The German sporting goods retailer Sport 2000 signed a licensing agreement with the Hungarian firm Smart 73. This wholesale company operates 7 standalone stores and supplies 300 multi-brand...
20 December 2017
LVMH tests a food retail concept
The French department store Le Bon Marché (owned by LVMH) has transformed its food department into a standalone format. In November 2017, a
20 December 2017
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Advantail signs with Formality to streamline commercial lease management
Amid an ownership shake-up following its acquisition by Evoriel, shopping centre operator Advantail has signed with Formality to digitise the management of commercial leases and contracts across...