News brief

In June 2018, the cosmetic retailer Lush opened a store in Milan at 42, Via Torino where all products have no packaging. The store will be used by customers to share and exchange ideas for a future

20 July 2018

Outlet centres. Neinver accelerates in Germany

The specialised Spanish investor for outlet shopping centres completed the integration of “Montabaur The Style Outlets”, between Frankfort and Cologne. Covering 13,900 sq.m GLA, it...

20 July 2018

Chanel luxury posts first ever financial results

Owned by the secretive Alain and Gérard Wertheimer brothers, whose grandfather was the business partner of founder Gabrielle “Coco”, the Chanel firm has broken with a...

20 July 2018

Customers continue to ignore retail apps

In the retail sector, consumer testimonies are often illuminating. As a case study for July 2018, Delphine, a mother (aged 37), bought a dress on sale for €19.9 at a Gap store in Paris (Porte...

20 July 2018

Beauty. Customers want to buy in peace

New online research from Automat and Wakefield revealed that 60% of women who buy beauty products in store wish to remain private and shop without sales advice. This U.S.A. study covered 1,500...

20 July 2018

Decathlon President bows out

In a surprise move without notice, Mathieu Leclercq (aged 49 and son of the founder Michel) has not renewed his contract as President of Decathlon’s Supervisory Board. His re-appointment had...

3 July 2018

Disruption at Cencosud

In June, Cencosud’s C.E.O. Jaime Soler suddenly resigned. His departure is said to be due to strategic differences with the controlling shareholder Horst Paulmann about the future of the...

3 July 2018

Clarks footwear loses C.E.O.

Following an alleged breach of professional code of conduct, Mike Shearwood has resigned as C.E.O. of the British footwear retailer. An investigation is considering accusations of inappropriate...

3 July 2018

L-Catterton and JD.com invest in China’s n°1 luxury e-retailer

The LVMH-backed private equity fund L-Catterton and the Chinese online retailer JD have invested US$175 million in Secoo, China’s n°1 online platform for up-market products, representing...

3 July 2018

The Malaysian retailer “Mr DIY” will add 300 stores in 2018

Targeting a revenue growth of 40% in 2018, the home improvement chain “Mr DIY” (sales of €209 million from 350 stores covering an average of 930 sq.m GLA), aims to open 135 new...

3 July 2018

Wal-Mart to sell operations in Japan

According to Reuters, following the U.K. and Brazil, the U.S. giant Wal-Mart has decided to close operations in Japan via the sale of the struggling Seiyu supermarket chain, which operates 335...

3 July 2018

Sephora to make inroads in South Korea

The French beauty retailer aims to open a 1st store in South Korea in the 3rd quarter 2019 in Seoul. The LVMH subsidiary is recruiting a Human Resources Manager

3 July 2018

Home-electrical. Suning becomes China’s n°1 “retailer” by value

According to the ranking of the 500 highest-valuated brands in China established in July 2018 by the research company called World Brand Lab, the valuation of Suning, known as the Best Buy from...

3 July 2018

India’s online sales to double in five years

According to eMarketer, e-commerce in India is expected to more than double between 2018 and 2022, growing from US$32.7 billion this year to

3 July 2018

CP All to travel from Thailand to India

Having made a successful foray in Cambodia in early 2018, Thailand’s largest grocery retailer CP All (sales of US$13.9 billion in 2017) is evaluating expansion opportunities in India, China...

3 July 2018

China’s rural regions boost online sales

According to the Ministry of Commerce, Chinese online sales reached US$194 billion in 2017, representing a year-on-year surge of

3 July 2018

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Advantail signs with Formality to streamline commercial lease management

Amid an ownership shake-up following its acquisition by Evoriel, shopping centre operator Advantail has signed with Formality to digitise the management of commercial leases and contracts across...

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