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SMCP launches into a steep trajectory
Eager to accelerate global expansion and reduce debt, the accessible luxury retailer SMCP (owner of Sandro, Maje and Claudie Pierlot, sales of € 786 million in 2016 up by 16.4% in H1 2017) is...
23 October 2017
Ikea’s growth slowed in 2017
In the fiscal year to late August 2017, the sales of Ikea Group reached €38.3 billion, an increase of 5% (including franchises) via 403 stores in 49 countries. The slowdown in sales has been...
23 October 2017
Fast fashion. From global to ultra localised ?
As every retailer is looking for levers to generate traffic amid fierce competition of new pure players selling directly to customers and advertising on social media, ultra-localised fashion is...
23 October 2017
Jumia: Africa is now online !
How can online retail become profitable in Africa ? Sophie Baqué met Juliet Anammah, C.E.O. of Jumia in Nigeria, to discuss her vision and strategy in this market of 185 million inhabitants.
23 October 2017
Macy’s poaches an eBay’s Director
The Senior Vice President of eBay North America, Mr. Hal Lawton (aged 43) has left eBay on his appointment as President of Macy’s, reporting to C.E.O. Jeff Gennette, in post since March...
19 September 2017
Malte Horeyseck to disrupt Brazil’s furnitures
The Brazilian entrepreneur Malte Horeyseck, founding partner of Dafiti fashion e-retailer, is starting a new venture called “Grupo Lar”. This is an online furniture retailer in...
19 September 2017
Continued cost reduction at Burberry
As the global luxury market slows, Burberry appointed Mr. Marco Gobbetti as the new C.E.O. in July 2017, replacing Christopher Bailey who remains Chief Creative Officer. Gobbetti completed a
19 September 2017
Ikea expands in every direction in Asia.
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
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