News brief

In early February 2018, the Turkish investor Ayka Textile signed a major investment project to develop the textile industry in Burkina Faso, West Africa’s largest cotton producer. The...

26 February 2018

How attractive is a city for successful retail sales ?

Redevco (€7.5 billion retail portfolio with assets in 11 countries) ranked 825 European cities in 25 countries for a “City Attractiveness” study. This quantified the...

26 February 2018

China. A major deal between malls and online giants

The largest omnichannel deal so far has just taken place in China in January 2018. From a European scale perspective, it is as if Amazon and Facebook both invested in Unibail-Rodamco / Westfield...

26 February 2018

Non-compete clauses shape retail

In Europe, “non-compete” clauses are increasingly prevalent in the highly competitive fashion and beauty sectors. “Prada and LVMH are among the strictest firms in this field with...

18 January 2018

A new C.E.O. at Neiman Marcus

C.E.O. Karen Katz (aged 60) will retire in February 2017 but remain on the Board. Katz worked at the high-end department stores since 1985 and was C.E.O. since 2010. Geoffroy van Raemdonck (aged...

18 January 2018

Galeries Lafayette shuffles Directors

Eager to fuel global growth, France’s largest department store chain Galeries Lafayette (GL) promoted Philippe Pedone from C.F.O. (since 2012) to the head of the International Development. A...

18 January 2018

In China, the Hema Fresh supermarkets owned by Alibaba (22 stores in 2017) remain the most advanced omnichannel grocery retailer worldwide. Depending on stores, between 50% and 70% of turnover is...

18 January 2018

M&A. Bally soon to fly a Chinese flag ?

In China, the textile manufacturer Shandong Ruyi Group continues an acquisition spree of high-end Western fashion retailers. Talks are advanced with the Swiss footwear retailer Bally International...

18 January 2018

China’s G.D.P. to grow by 7% in 2017

According to the October’s key Communist Party congress, China’s economy is expected to grow by near to 7% in 2017. Beijing expects to target growth at around 6.5% in 2018. However...

18 January 2018

H&M will launch on Tmall China

In Spring 2018, H&M will sell its fashion and home products on Tmall, the Alibaba’s platform. The Monki fashion brand, also owned by H&M, is already sold on Tmall. The Swedish...

18 January 2018

Chinese don’t put water into their wine

In 2016, China became the world’s 5th largest wine market with 17.3 million hectolitres drunk, after the U.S. (31.8 million), France (27), Italy (22.5) and Germany (20.2). In China, the...

18 January 2018

Aigle lands in the Philippines

The outdoor retailer Aigle made inroads in Southeast Asia with a flagship store in Uptown Mall, Taguig City in Manila via a franchising agreement ran by the local firm Noble House Distribution...

18 January 2018

India wants to attract foreign investment into retail

Eager to attract further foreign capital, the Indian government will reduce levels of local sourcing requirements that restrict the supply chain of international retailers. This should trigger...

18 January 2018

Sales density for Chinese retailers

According to Guillaume Portier, Marketing Head of SES-Imagotag, the Hema Fresh hypermarket in Beijing (Shilipu unit, owned by Alibaba) posts sales of US$3,850/ sq.m GLA. Looking at...

18 January 2018

Hamley’s largest toy store in the world opens in Beijing

In December, Hamley’s opened its largest toy store in the world next to Tiananmen Square, with a sales area of 10,700 sq.m and five storeys. This 3rd Chinese unit, after those of 7.000 sq.m...

18 January 2018

Hong Kong retail rents will increase in 2018

According to Savills, Hong Kong’s prime rental values will grow by up to 3% in 2018 after a 2% drop in 2017. According to Cushman & Wakefield, retail rents along Hong Kong’s...

18 January 2018

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Following Orange and the launch of a marketplace, Bouygues Telecom is strengthening a customer loyalty strategy by focusing on purchasing power with a new cashback offer. For French fintech...

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