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In the quarter to October 2016, the home electrical retailer Best Buy posted online sales up by 24% year-on-year, via increased traffic and higher average ticket. Online sales reached US$881...

20 December 2016

Adidas puts Reebok under pressure in the U.S.

The newly appointed C.E.O. of Adidas Kasper Rorsted, known to investors for his ability to reduce costs and improve margins, is tightening the screw on Reebok, whose profitability is lower than...

20 December 2016

Discount fashion retailers are booming in Brazil

Whereas many high-end fashion retailers are shrinking in Brazil, the low-cost fashion chain Kiabi (sales of €1.8 billion in 2015 up by 6.7%) confirmed its future foray in the largest economy...

20 December 2016

Kingfisher posts a solid growth again…

In the quarter to October 2016, the sales of D.I.Y. retailer Kingfisher reached €3.29 billion, up by 1.8% on a comparable basis. The Screwfix chain targeting professional clients continued to...

20 December 2016

Purchasing power increases in Eastern Europe

According to the GFK institute, the average purchasing power per capita (revenue available for consumption and savings) rose by just 0.3% in 2016 over the 42 European countries surveyed, reaching...

20 December 2016

Costly withdrawal for Marks & Spencer…

M&S, which runs 900 stores in the U.K. and 466 abroad, wants to close 53 fully-owned but unprofitable stores, including 10 in China, 7 in France and the rest in the Netherlands, Poland...

20 December 2016

German Birkenstock doubles a footprint in 2017…

The footwear retailer (35 shops located mainly in Germany) expects 40 openings in major European cities next year, with Spain and France as top priorities. Birkenstock is looking for leases from...

20 December 2016

Roche Bobois opens in Kiev

In November 2016, the Roche Bobois high-end furniture retailer

20 December 2016

Vente-Privée targets a 50% sales growth…

In 2016, Vente-Privée targets a total turnover of €3 billion. If the website has not succeeded in the U.S.A., it is now a shareholder of many European rivals, including in Belgium...

20 December 2016

The Italian luxury retailer Prada lands in Denmark…

In November 2016, the luxury brand Prada opened sales in Denmark, with a “corner” selling clothes and accessories for men and women within the Illum department store. Two floors of...

20 December 2016

Can “off-price” department stores take off in Europe?

American behemoth of department stores (operating Saks, Lord & Taylor and Hudson’s Bay in the U.S.A. and Canada) aims to launch Saks Off 5th in Düsseldorf, Germany, in the 1st...

20 December 2016

Action gains traction, despite low sales of €2,800/ per sq.m…

Last year, the Dutch non-food discount retailer Action posted a turnover of €1.99 billion up by +7.6% like-for-like and by +34% in total. Since launching 23 years ago, the Dutch chain (a...

20 December 2016

Picard travels from Europe to Japan

Picard travels from Europe to Japan.Having sold frozen grocery products for 2 years within 9 Aeon supermarkets, Picard opened a 1st fully-owned store in Tokyo (Kotto-Dori in Omotesando), with two...

20 December 2016

Even when 38% of Primark stores are fully owned…

Even when 38% of Primark stores are fully owned, the discount fashion retailer has signed 10 leasing contracts in the U.S. (including 7 deals with Sears). “We didn’t have the...

20 December 2016

Urbanization reshapes Ikea’s strategy

Adapting to growing urban populations, the Ikea Group aims to locate stores in more central locations. In Copenhagen, Denmark, the Swedish furniture retailer is investing in a mixed-use scheme to...

20 December 2016

Lego reinvents its model

Between 2010 and 2015, Lego’s turnover doubled to €4.8 billion last year – the Danish family group has restructured into two operations. On the one side, Lego Group will...

20 December 2016

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