All articles

FESTIVAL CITY, THE MALL OF THE MONTH
Three months after the reopening of the Festival City Dubai (extension of 20,000 sq.m completed in September 2016, investment of
9 February 2017
Majid Al Futtaim invests in logistics and malls
The privately owned conglomerate MAF will create a distribution centre in Dubai for its Carrefour hypermarket business. It will serve as a hub for expansion into Africa, the Middle East and...
9 February 2017
Dubai and Abu Dhabi face unequal vacancies
In Dubai malls, vacancy slightly increased to 9% in Q4 2016 (vs. 8% one year earlier). Last year, Dubai’s retail sector added 260,000 retail sq.m, the highest volume since 2010, including...
9 February 2017
The Amazon of the Middle East is on sale
Souq.com, the Gulf’s largest online retailer, hired Goldman Sachs as advisor regarding a possible disposal. Souq has discussed with Amazon and Indian rival Flipkart Online Services, but...
9 February 2017
Beauty. A 2nd Yves Rocher store opens in Nigeria
Having made inroads in Nigeria in July 2016, with a 1st beauty store of 39 sq.m GLA (in the Jabi Lake Mall in Abuja), the Rocher Group continues the African foray. In late December 2016, another...
9 February 2017
South Africans lead regional retail
In the Africa-Middle East region, the South African group Shoprite is leading the
9 February 2017
African investments soar for mobile banking
To attract a growing consumer class, Africa’s largest banks are investing heavily in digital banking technology, a highly popular alternative to traditional banks. M-Pesa (mobile money in...
9 February 2017
McDonald’s tests a delivery service in the U.S
In January 2017, McDonald’s has launched a home delivery service for fast-food orders, supplied from 200 restaurants in Florida (Tampa, Miami, Orlando).
9 February 2017
Subscription models gain ground in Americas
Eager to understand habits of online shoppers, Procter & Gamble created a subscription service for Gillette, available in São Paulo, Brazil, which is housed by the online retailer Home...
9 February 2017
Sales drop near the Trump Tower
In the holiday season, Tiffany’s sales fell by 14% in its 5th Avenue flagship (New York) located near the Trump Tower, amid protests, intense media and security presence.
9 February 2017
Neiman Marcus renounces a stock market listing
The department store retailer cancelled the process of financial listing, which started 17 months ago.
9 February 2017
Casino is in fair growth in Latam
In Brazil and Colombia, Casino’s sales grew by 6.6% to more than €15 billion last year.
9 February 2017
When U.S. malls lose their flagship anchor tenants
The news is so unique that it’s worthwhile highlighting. Whereas traditional retailers are pulling back in the U.S., the eyewear retailer Warby Parker will open at least 25 stores in 2017...
9 February 2017
How a U.S.-Mexican war would affect retailers
In late January 2017, a dispute between the U.S. and Mexico erupted, as Donald Trump plans to make Mexico pay for the construction of a wall along the border, which could be financed by a 20%...
9 February 2017
Ikea lowers Russian prices
In January 2017, Ikea-Russia announced a major price strategy, cutting prices by about 17% for 20% of its range.
9 February 2017
Kiko expands in Turkey
In 2017, the Italian cosmetics retailer plans to open 3 “flagships” in Ankara, Izmir and Antalya.
9 February 2017
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