News brief

American behemoth of department stores (operating Saks, Lord & Taylor and Hudson’s Bay in the U.S.A. and Canada) aims to launch Saks Off 5th in Düsseldorf, Germany, in the 1st...

20 December 2016

Action gains traction, despite low sales of €2,800/ per sq.m…

Last year, the Dutch non-food discount retailer Action posted a turnover of €1.99 billion up by +7.6% like-for-like and by +34% in total. Since launching 23 years ago, the Dutch chain (a...

20 December 2016

Picard travels from Europe to Japan

Picard travels from Europe to Japan.Having sold frozen grocery products for 2 years within 9 Aeon supermarkets, Picard opened a 1st fully-owned store in Tokyo (Kotto-Dori in Omotesando), with two...

20 December 2016

Even when 38% of Primark stores are fully owned…

Even when 38% of Primark stores are fully owned, the discount fashion retailer has signed 10 leasing contracts in the U.S. (including 7 deals with Sears). “We didn’t have the...

20 December 2016

Urbanization reshapes Ikea’s strategy

Adapting to growing urban populations, the Ikea Group aims to locate stores in more central locations. In Copenhagen, Denmark, the Swedish furniture retailer is investing in a mixed-use scheme to...

20 December 2016

Lego reinvents its model

Between 2010 and 2015, Lego’s turnover doubled to €4.8 billion last year – the Danish family group has restructured into two operations. On the one side, Lego Group will...

20 December 2016

“No channel”, the credo of the younger generation

According to a survey by Fung Global Retail & Technology, Millennials (i.e. people born between 1980 and 2000) accounted for 27% of the total population in the combined U.S. and major European...

20 December 2016

FMCG. The average consumer spend is higher online

According to a study conducted by Kantar Worldpanel of 500,000 consumers across three continents, online sales accounted for 4.4% of all Fast-Moving Consumer Goods sales (F.M.C.G.). In the 12...

20 December 2016

Supermarket digital walls travel to the Netherlands

After South Korea, virtual stores have appeared in Continental Europe.

19 November 2016

“Fossil needs one outlet store for every 10 full price stores”

16 October 2016

South African Steinhoff invests in the U.S. and in Europe

The South African value retailer Steinhoff International is making inroads into the United States after investing US$2.4 billion for Mattress Firm, including net debts. Mattress Firm is the...

19 September 2016

Leroy Merlin has eyes on South Africa

As an unusual trans-continental focus, the D.I.Y. retailer Leroy Merlin (part of Adeo Group) is preparing to open sales operations for South Africa in 2018, according to Planet Retail. After 10...

19 September 2016

Lessons of a master

Walter Loeb (aged 91) has lived more lives than many of us. Born in Germany in 1925, he escaped the Holocaust and emigrated to first Italy and then to the U.S.A, including fighting in France on...

10 September 2016

From Target to Uber

Transportation firms are now poaching the best retail executives. Jeffrey Jones, (aged 48) will join Uber to be President of ride-sharing at Uber, acting as Deputy to the C.E.O. Travis Kalanick...

10 September 2016

A new Director for I.C.S.C.

American executive Bill Kistler has been appointed as the Vice President and Managing Director of the ICSC for the Europe, Africa and Middle East region, reporting directly to President Tom McGee.

10 September 2016

A new strategy for Carrefour-China

In H1 2016, Carrefour-China sales dropped by 13% to €2.71 billion. The group plans to open up to 50 convenience stores in Shanghai this year and is launching online operations in Chengdu, in...

10 September 2016

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