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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
“No channel”, the credo of the younger generation
According to a survey by Fung Global Retail & Technology, Millennials (i.e. people born between 1980 and 2000) accounted for 27% of the total population in the combined U.S. and major European...
20 December 2016
FMCG. The average consumer spend is higher online
According to a study conducted by Kantar Worldpanel of 500,000 consumers across three continents, online sales accounted for 4.4% of all Fast-Moving Consumer Goods sales (F.M.C.G.). In the 12...
20 December 2016
A race to the best retail space
As a growing share of retail sales now happen outside stores, how are retail property owners seeing the future? Between brand exposure and rationalisation, how should retailers operate their store...
20 December 2016
Supermarket digital walls travel to the Netherlands
After South Korea, virtual stores have appeared in Continental Europe.
19 November 2016
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