News brief

As every retailer aims to increase its online sales, the marketplace model is gaining ground in the Middle East region with an array of new players entering the ring. In the U.A.E, the...

17 November 2017

Emirati Group sets up Toys’R’Us in India

In October 2017, India’s first Toys’R’Us store opened in Bengaluru. This is via an exclusive master franchise agreement with Tablez India (owned by the Abu Dhabi giant Lulu, with...

17 November 2017

Who are Malaysia’s “Top 3” retailers ?

According to Nelsonn Woon, Director of CBD Retail Consultant, Myanmar’s three largest retailers are the following: Jerasia Capital Bhd (sales of US$108 million in the year to June 2017)...

17 November 2017

South Korea. Nestlé expands its retail foray

Having opened 7 Kit Kat stores in Japan (including 6 in department stores and one standalone store in Ginza, Tokyo), Nestlé opened in October 2017 a 1st Korean unit in Seoul, located within

17 November 2017

Retail sales gain pace in China

In September 2017, Chinese retail sales jumped by 10.3% year over year, accelerating from the 10.1% rise in August. Meanwhile, China’s G.D.P. expanded by

17 November 2017

Debenhams to leave Indonesia

The last Debenhams department store active in Indonesia will close by the end of 2017, said David Smith, International Director of the Group. In Indonesia, Debenhams is operated in franchise by...

17 November 2017

BAIA BAIA, the Concept of the Month

Mass customisation at affordable prices is the credo of the flip-flop footwear and accessories Baia Baia stores. Created by Steve Rosenblum, co-founder of The Kase stores selling customisable...

17 November 2017

Staples end in China

Pressure is rising for office-supply retailers worldwide. In the wake of rival Office Depot, the U.S. office-supply retailer Staples is planning to end the Chinese venture. Staples is discussing...

17 November 2017

Ikea now has a foothold in 4 Indian cities… i.e

Hyderabad, Mumbai, Bangalore and Delhi. In October 2017, Ikea acquired a piece of land in Delhi NCR, which is

16 November 2017

ALIBABA, THE MALL OF THE MONTH

Alibaba is about to make a foray in the retail property sector in Eastern China. Eager to keep connecting clicks and bricks, Alibaba will open the so-called “More Mall” in Hangzhou in...

16 November 2017

Galeries Lafayette sees growth potential in Turkey

The department store retailer announced a potential 2nd store in Istanbul in 2019, in the Vadistanbul shopping mall. As for the 1st unit opened in the summer, this will be operated by Demsa via a...

16 November 2017

Department stores and fashion retailers must consider unlimited delivery”

According to the latest Global Data report, 29% of U.K. online shoppers subscribe to a grocery delivery discount scheme (such as Amazon Prime and Tesco). 22% subscribe to a non-food delivery...

16 November 2017

Copenhagen. Ikea launches new city concept

After nearly 4 years of approval process, Ikea received the approval for a new city store. For the Danish Country Retail Manager Dennis Balslev, the incoming city store is “an enormous...

16 November 2017

Successful fundraising for Advalo

The Advalo start-up (specialises in CRM strategies for winning customers and developing loyalty) has won €5 million in investments from Vasgos, SGPA, West Web Valley and other banks. Advalo...

16 November 2017

Le Printemps develops the “outlet” channel

In November 2017, Le Printemps is due to open a 600 sq.m GLA unit within the brand new outlet centre of Miramas, in the south of France. This retail outlet centre was opened in April 2017...

16 November 2017

BCBG Max Azria closes in Europe

In October, Fashion retailer BCBG, (a retailer selling evening dresses) ceased operations in Europe. Owned by investment firm Guggenheim Partners, all its stores in France and all operations in...

16 November 2017

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Founded in 2024 in New York by James Cadwallader, GEO startup Profound raised US$96 million on February 24, 2026, in a Series C round led by Lightspeed Venture Partners, including Sequoia Capital...

25 February 2026

Klépierre, URW, Carmila: in 2025, retail media and services accounted for nearly 10% of net rental income

Published on February 12 and 19, annual financial results of the three major European property companies show that Klépierre, Unibail-Rodamco-Westfield, and Carmila are no longer singing from the...

24 February 2026