News brief

According to Euromonitor, China will account for half of the world’s market of connected appliances this year, with 15 million units sold out of 30 million in total.

20 December 2016

Fashion retailers refine their strategy

For Etam Group (women’s fashion and lingerie, more than €1.3 billion in sales in 2015), the Chinese business model

20 December 2016

Yum wants to invest in delivery

The fast-food operator Yum-China (7,300 KFC and Pizza Hut restaurants in China, more than US$8 billion in sales last year) has changed owner last month and is now controlled by new Asian...

20 December 2016

Jamie’s Italian restaurant lands in Thailand

The Italian restaurant chain Jamie’s opened its 1st outlet in Thailand, within the newly revamped Siam Discovery in Bangkok. This offers 184 covers and the working kitchen is in full view...

20 December 2016

Triming the fat at Hong Kong flagships…

As retail sales decreased by 0.6% in Hong Kong in the first nine months of 2016, Abercrombie & Fitch will close its flagship on Pedder Street (2,380 sq.m on four-storeys) located in the...

20 December 2016

Dyson aims to make inroads in India

The U.K. home electrical retailer Dyson Group plans to open fully owned stores in India before June 2017, to sell an innovative range of vacuum cleaners, air purifiers, hair and hand dryers, LED...

20 December 2016

Can McDonald’s recover via table service?

Following a pilot at more than 500 McDonald’s restaurants in California, Florida and New York, table service increased the number of visitors and the average spending grew from US$5 to US$6...

20 December 2016

Best Buy continues online acceleration

In the quarter to October 2016, the home electrical retailer Best Buy posted online sales up by 24% year-on-year, via increased traffic and higher average ticket. Online sales reached US$881...

20 December 2016

Adidas puts Reebok under pressure in the U.S.

The newly appointed C.E.O. of Adidas Kasper Rorsted, known to investors for his ability to reduce costs and improve margins, is tightening the screw on Reebok, whose profitability is lower than...

20 December 2016

Discount fashion retailers are booming in Brazil

Whereas many high-end fashion retailers are shrinking in Brazil, the low-cost fashion chain Kiabi (sales of €1.8 billion in 2015 up by 6.7%) confirmed its future foray in the largest economy...

20 December 2016

Kingfisher posts a solid growth again…

In the quarter to October 2016, the sales of D.I.Y. retailer Kingfisher reached €3.29 billion, up by 1.8% on a comparable basis. The Screwfix chain targeting professional clients continued to...

20 December 2016

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

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