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Jeremy King, Chief Technology Officer at Wal-Mart, abruptly left the world’s largest retailer by sales after eight years to join the Pinterest social network, which claims itself as...

21 May 2019

Denmark. Bestseller Group mourns their family

This is a sad world. Anders Holch Povlsen (owner of the fashion retailer Bestseller) and his wife lost three of their four children in the attacks that struck Sri Lanka on Easter Sunday, on April...

21 May 2019

Jumia still in the red with a loss exceeding revenue

In 2018, the Jumia’s marketplace (owned by Rocket Internet) posted revenue of €130 million (+38% from 2017) but increased losses to €170 million (from €165 million in 2018)...

21 May 2019

The airplane industry moves towards plastics reduction

In late April 2019, the airplane company Etihad made a first plastic-free, ultra-long-haul flight from Dubai to Brisbane without a wasteful, single-use product in sight. The move is the...

21 May 2019

My City Centre Masdar, The Mall of The Month

Abu Dhabi. In April 24th a new eco-friendly mall opened doors in Abu Dhabi, with a special focus on recycling and energy efficiency. Covering 18,500 sq.m GLA, the mall has been developed by Majid...

21 May 2019

Fashion. How Western retailers invest the Middle East

The Swedish fashion retailer Monki (owned by H&M Group) is targeting young women aged from 15 to 25, describing style as a cross between Scandi chic and Asian street fashion. The firm will...

21 May 2019

Argentinian firm aims to be the Amazon of South America

The Buenos Aires-based online retailer Mercado Libre, which serves 18 countries, plans to spend US$2 billion on logistics, package delivery and payments infrastructure operations in 2019. This is...

21 May 2019

The U.S. fashion nugget Reformation for sale

According to multiple sources, Goldman Sachs has been engaged to sell the fast-growing Reformation retailer, which operates offline (14 stores plus an array of corners at Nordstrom) and online (on...

21 May 2019

Cencosud maintains level of investment in 2019.

Alongside a goal of US$15.2 billion of consolidated revenue for this year, Chile’s publicly traded retailer will make investments of US$300 million, slightly higher than the

21 May 2019

Sporting goods. REI tests rental and used goods sales service

Renting instead of owning is a big trend with Millennials. Their attitudes on ownership and view on sustainability are changing rapidly. The American specialty outdoor gear retailer REI...

21 May 2019

Struggling retailers affecting U.S. malls

In the U.S.A, mall vacancy rates rose from 9% in Q4 2018 to 9.3% in Q1 2019. According to the property research firm REIS Inc. this is the highest vacancy rate since the third quarter of 2011...

21 May 2019

The outlet sector is expanding in Latvia.

The Outlet Resource Group (TORG) has signed an agreement with the Latvian promoter Outletico to manage an outlet centre. This is the “Via Jurmala Outlet Village” located near Riga...

21 May 2019

Prêt-A-Manger reduces single-use packaging.

At a time when store employees are nervous of customers using their own packaging, the Prêt-A-Manger chain has successfully rolled out an innovative strategy. The company offers an immediate...

21 May 2019

Saks Off 5th leaves Germany

After 2 years of unsuccessful trading, the American outlet retailer Saks Off 5th will close all 8 German stores. In Düsseldorf, the iconic store (4 storeys covering a total of 3,500-sq.m GLA)...

21 May 2019

Poland. Arm wrestling amid delicatessen chains

In Poland, a third chain of delicatessen – these premium grocery stores positioned like Marks & Spencer or Monoprix – is about to go bankrupt. Following the Bomi and Alma banners...

21 May 2019

Hermès sales are still blooming.

In the quarter to March 2019, the sales of the highly-profitable company Hermes International jumped by 15.5% in total to €1.61 billion, and by 12% at constant exchange rate. The leather...

21 May 2019

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10 September 2026