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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
No merger between Orchestra and Destination Maternity.
For the 3rd time, the merger attempt between Orchestra and its U.S. rival Destination Maternity ended in failure during the summer. This was due to
19 September 2017
HBC, The concept of the month
As buy-out rumours increase for struggling Canadian retailer Hudson’s Bay, in September the firm opened its 1st full-range European department store in Amsterdam. A sales area of 17,000 sq.m...
19 September 2017
Lego changes C.E.O. after just eight months.
In a surprise move, the Danish toy firm replaced British C.E.O Bali Padda, appointed in December after serving at Lego for 15 years. He is replaced by Niels B. Christiansen (aged 51), former Head...
19 September 2017
Adidas to close 160 Russian stores this year.
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
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