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In Dubai, Miguel Povedano, Chief Operating Officer of Majid Al Futtaim, is part of those who are rejuvenating Carrefour from the inside. And for a good reason: The Executive is imbued with the...

18 March 2019

Carrefour and Auchan about to withdraw from China?

In the grocery retail sector, recent partnerships signed between Chinese and European retailers increasingly look like business rescue operations rather than long-term strategic...

18 March 2019

JD tests “travel retail”

In early 2019, China’s online retailer JD opened an innovative pop-up store at Beijing international airport (terminal 3), which will sell beauty-to-go products, clothing, mobile...

18 March 2019

Vietnam lures global retailers

Driven by an economy up by 7% in 2018 (which should not reduce in 2019) a large customer base / population (the 3rd biggest in the Asean countries) and a retail market up by 13% in 2018 (to US$143...

18 March 2019

Singapore. Revenue record for The Shoppes at Marina Bay Sands

In 2018, the mall posted sales of US$179 million, up by 7% via a 95.4% rate of occupancy. Despite a relatively flat retail market in the city state, tenants’ sales jumped by 19% to US$20,422...

18 March 2019

Records! A brand posted sales of €1.5 million in one day on Tmall

This is the Embryolisse dermo-cosmetics brand during the 11/11 event on the Tmall digital marketplace. “It recorded sales of €1.5 million with just one product”, said an expert of...

18 March 2019

Decathlon overdue in China

The world’s largest sporting goods retailer Decathlon reduced Chinese expansion by 50% in 2018. Sales volumes fell amidst an otherwise very dynamic Chinese sporting goods market. The Group...

18 March 2019

Lego aims to open 80 stores in China

A few days before the opening of the third Lego flagship in Beijing (in March 2019), the Danish toy maker plans to more than double its physical store basis in China, from 60 to 140 units by...

18 March 2019

Navigating into China’s children’s clothing market

According to Arnaud Fallevoz, APAC Managing Director for ID Kids (sales of €905 million in 2018 via Jacadi, Okaidi, and Obaibi stores), “The Chinese children wear market is colossal...

18 March 2019

In Asia-Pacific, L’Oreal’s business overtakes North America

In 2018, the sales of the L’Oreal Group jumped by 24% like-for-like in the Asia-Pacific region. Sales exceeded €7 billion, overtaking the North American business. Globally...

18 March 2019

SSG Food Market Seoul, The Concept of the month

“Food, done well, connects people to people”. This is the mantra of the SouthKorean retailer E-Mart Inc., which recently opened a premium food hall concept and fusion supermarket in...

18 March 2019

7-Eleven travels from Japan to India

The Japanese convenient store operator 7-Eleven (a subsidiary of Seven & I Holdings, active in 19 countries) is in advanced talks with the Indian giant Future Group, which could run stores in...

18 March 2019

Emaar Malls aims to build the regional Asos

In a US$130-million deal, the Dubai developer Emaar Malls took full control of the online Namshi fashion retailer, which reported sales of €202 million in 2018, an increase of 16%. The firm...

18 March 2019

Wal-Mart purchases an Israeli start-up

Involved in a successful omnichanel shift, Wal-Mart took over Aspectiva, a Tel-Aviv-based start-up specialising in product promotions. No details were released. Based on A.I. (artificial...

18 March 2019

“A 1st edition in half hue”

This is the feedback of the first Retail Summit edition held in February in Dubai, which hosted 500 delegates. “The networking side was truly powerful, but many participants complained about...

18 March 2019

Galeries Lafayette rises Middle East ambitions

Eager to expand in Saudi Arabia and other Gulf countries, the Galeries Lafayette Group (G.L.) is in preliminary talks with potential partners. Several names have been mentioned including Alshaya...

18 March 2019

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