News brief

New Look reduces its British footprint
The fashion retailer New Look, owned by the South African investing company Brait since 2015, has commenced a cost-reduction restructuring. This aims to cut 10% of the store network, i.e. 60 out...
13 April 2018
Romania’s only outlet mall soars
In 2017, the Fashion House outlet centre in Bucharest posted sales up by 10% year-on-year, growth of more than three times that of 2016. Conversion rate, i.e. visitors who spent money in the mall...
13 April 2018
Sales of Made.com up by 40% in 2017
Following a 50% growth in 2016, Made posted sales of US$178 million in 2017. It has been profitable in the U.K., France, the Netherlands and Belgium/Luxembourg, but not in Germany, causing an...
13 April 2018
O’Bag, The Concept of The Month
The Italian accessory retailer O’Bag, created in 2009, has the same high profile for the accessory sector as does Pandora for jewellery. It sells middle range accessories characterised by...
13 April 2018
Aldi and Dia adopt opposite strategies in China  
In April 2018, the discount Spanish retailer Dia announced a withdrawal from China. It signed a deal with the home electrical retailer Suning (whose majority shareholder is Alibaba), which aims to...
13 April 2018
Reopening of competition for the running of the retail business at the Eiffel Tower
The Société d’Exploitation de la Tour Eiffel (SETE) will soon be lauching a competitive tender to manage and operate shops at the Eiffel Tower (available on the B.O.A.M.P...
13 April 2018
Is technology expected to be like invisible air conditioning ?
According to Mrs. Susanna Chin, Chief Representative of the Hong Kong giant Li&Fung for the East-China region, digital technology should be invisible in-store. “Technology is like...
13 April 2018
Abu Dhabi investors arrive in Silicon Valley
Keen to continue reducing the historical reliance on oil revenue and diverting assets into non-hydrocarbon sectors, an investor from the United Arab Emirates invested a large minority share in the...
13 April 2018
Fashion. When retailers say “farewell” to seasons
As the fashion sector is increasingly driven by consumer demands, an array of international retailers has abandoned the historical “seasonal” calendar, removing the previously...
13 April 2018
The “cost-killer” Action
Which retailer can boast 25 years of consecutive growth with 1,095 profitable stores? This is Action, whose sales jumped by 28% to €3.4 billion in 2017 according to preliminary results. This...
13 April 2018
Flying Tiger. Quirky style and low prices
Nicknamed the “daughter of Ikea and dollar stores”, the Danish retailer Flying Tiger Copenhagen is establishing a market position based on very low prices. Its name comes from the word...
13 April 2018
Hema struggles to convince investors
Unlike Action, the Dutch retailer Hema (722 stores in October 2017) operates with a more challenging cash-rich model, focused on its private label and urban locations. Despite an expansion move...
13 April 2018
Forever 21 struggles in India
The Aditya Birla Fashion & Retail Group (ABFR), holding the exclusive franchising rights of U.S.A. retailer “Forever 21” for two years, is reducing the scale of operations...
20 March 2018
India’s main cities sees strong retail demand
According to JLL, retailers’ demand for locations within Indian malls should increase by 81% in 2018, driven by strong economic fundamentals and the higher purchasing power of young people...
20 March 2018
Asia drives Hermès global sales
According to preliminary results, the luxury retailer Hermès posted revenue of €5.5 billion in 2017 (+9%) at constant exchange rates, pushed by a strong business boost from Asia. Asia...
20 March 2018
Asian giants will not purchase the British Arcadia Group
This was a formal denial prompted by an article published in the Sunday Times. In February 2018, the Chinese fashion conglomerate Shandong Ruyi (owner of high-end fashion brands such as Bally...
20 March 2018
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Most viewed articles of the month on mind Retail
What readers clicked on the most last month.
What readers clicked on the most last month.
1
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...