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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
The Mall of Switzerland will open in 2017
After 10 years of administrative delays and 3 years of construction, the large-scale “Mall of Switzerland” will open in Lucerne in November 2017 (65,000 sq.m GLA, 150 stores including...
9 February 2017
Three key points in the Tesco-Booker buyout
Tesco signed an unexpected €4.3-billion deal to purchase rival Booker Wholesale. What’s the rationale behind this external move?
9 February 2017
Carmila exhibits at the “Maison&Objet” fair
In late January 2017, the property division of Carrefour participated for the 2nd time at this fair, which gathers the home equipment and decoration sectors.
9 February 2017
How RFID boosts profitability
According to various studies, RFID chips help reducing inventory time by at least
9 February 2017
Foot Locker Kids lands in Germany
The sporting goods retailer Food Locker opened its first “Kids” concept in Stuttgart (90 sq.m GLA in the Milaneo mall). Other units are expected shortly.
9 February 2017
Home electrical. Media Markt tests rental services
In Germany, Media Markt is testing a rental service of 500 home electrical items (smartphones, cameras, drones, gaming consoles, vacuum cleaners, etc.) in partnership with the Grover start-up.
9 February 2017
Redevco consolidates its German footprint
The Pan-European retail real estate investment manager Redevco (405 assets worth €7.1 billion) purchased 3 German malls via an investment of €160 million
9 February 2017
Fewer investors, more retail experts at Carrefour
The scope of Carrefour’s shareholders changed in January 2017, as the largest shareholder is now the Moulin family, owner of the Galeries Lafayette department stores.
9 February 2017
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