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Staples end in China
Pressure is rising for office-supply retailers worldwide. In the wake of rival Office Depot, the U.S. office-supply retailer Staples is planning to end the Chinese venture. Staples is discussing...
17 November 2017
Ikea now has a foothold in 4 Indian cities… i.e
Hyderabad, Mumbai, Bangalore and Delhi. In October 2017, Ikea acquired a piece of land in Delhi NCR, which is
16 November 2017
ALIBABA, THE MALL OF THE MONTH
Alibaba is about to make a foray in the retail property sector in Eastern China. Eager to keep connecting clicks and bricks, Alibaba will open the so-called “More Mall” in Hangzhou in...
16 November 2017
“European consumers are need driven and the Chinese are “fun” driven”
Marco Hamers, Executive Vice President of Global Brands Group China (owned by Fung Group) explains how fashion retailers can navigate in China’s saturated retail landscape.
16 November 2017
Galeries Lafayette sees growth potential in Turkey
The department store retailer announced a potential 2nd store in Istanbul in 2019, in the Vadistanbul shopping mall. As for the 1st unit opened in the summer, this will be operated by Demsa via a...
16 November 2017
Department stores and fashion retailers must consider unlimited delivery”
According to the latest Global Data report, 29% of U.K. online shoppers subscribe to a grocery delivery discount scheme (such as Amazon Prime and Tesco). 22% subscribe to a non-food delivery...
16 November 2017
Copenhagen. Ikea launches new city concept
After nearly 4 years of approval process, Ikea received the approval for a new city store. For the Danish Country Retail Manager Dennis Balslev, the incoming city store is “an enormous...
16 November 2017
Successful fundraising for Advalo
The Advalo start-up (specialises in CRM strategies for winning customers and developing loyalty) has won €5 million in investments from Vasgos, SGPA, West Web Valley and other banks. Advalo...
16 November 2017
Le Printemps develops the “outlet” channel
In November 2017, Le Printemps is due to open a 600 sq.m GLA unit within the brand new outlet centre of Miramas, in the south of France. This retail outlet centre was opened in April 2017...
16 November 2017
BCBG Max Azria closes in Europe
In October, Fashion retailer BCBG, (a retailer selling evening dresses) ceased operations in Europe. Owned by investment firm Guggenheim Partners, all its stores in France and all operations in...
16 November 2017
Zalando moves from online to outlet
Zalando, Europe’s largest fashion e-retailer, is about to open a 4th outlet store in Hamburg, Germany. This is in the former Thalia bookstore on the Grosse Bleichen street, where annual...
16 November 2017
Douglas accelerates in Spain
The cosmetics retailer Douglas will expand from 57 Spanish stores in June 2017 to 380 by the end of 2017. During the summer, Douglas purchased the Bodybell chain, with 223 stores in Spain...
16 November 2017
Kaufhof. Richard Baker and HBC search for financial success
Will Richard Baker, interim C.E.O. of the Hudson Bay Co. (HBC), dispose of Galeria Kaufhof department store business in Germany after only two years? “This is possible”, said an...
16 November 2017
Sporting retailers. When global footprints make the difference
In the sporting goods sector, Lululemon Athletica seems isolated from the pressures facing the broader athletic industry. During the quarter to July 30, 2017, its sales grew by 13% in total to...
16 November 2017
“The best payment experience is offered by Uber”
As one of the final decisive steps, consumer payments is a battlefield for retailers looking for innovation, efficiency and speed. We investigated a retail arena in full swing.
15 November 2017
Noel Prioux to head up Carrefour Brazil
From October 2, in an unexpected move, the French Executive Noël Prioux (aged 59) is appointed as Executive Director of Carrefour Latin America (Brazil and Argentina), directly in charge of...
24 October 2017
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What readers clicked on the most last month.
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US retailers divided over the rise of autonomous shopping agents
In the US, Gap, Walmart, Best Buy, Amazon and eBay are taking very different approaches to agentic commerce. While TV shopping giants QVC and HSN see these new intermediaries as an opportunity to...