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ACROSS

November 24, 2022

Credit: FIM Unternehmensgruppe

FIM GROUP RECEIVES LEGALLY BINDING DEVELOPMENT PLAN FOR THE LEZ 14 IN BAMBERG, GERMANY

The city of Bamberg has approved the development plan for the LEZ 14 shopping center on the “Am Laubanger” site. Thus the green light has been given to the FIM Group to convert the former retail park into a modern shopping center. The tenant mix of around 7,100 sq m of retail space includes Lidl, Rossmann, TK Maxx, Media Markt and Der Beck. The opening is planned for the first quarter of 2023.

credit: Kaufland

Kaufland opens in Bucharest the 1500th store in its European network

A small retailer in southern Germany has become one of Europe’s leading food retailers with major expansion plans: This week Kaufland opened in Bucharest its 1500th store – a great milestone in the Kaufland success story. Angelus Bernreuther, Head of Investor Relationship Management, looks back at Kaufland’s corporate history and explains how, starting with its solid roots, the future of the company is being shaped, especially during challenging times.

New Retail Reality – A New Goal Through Winding Roads

Why should customers visit stores in which they know exactly what to expect? In order to captivate their guests, stationary stores need a network of creative ideas, event plans, a talent for creating narratives, and a considerable amount of boldness. Therefore, some old dogmas have to be thrown overboard.

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THE LEVEL OF EXCELLENCE WE SHOULD STRIVE FOR TODAY AND TOMORROW
Originally developed solely to meet the daily needs of consumers, shopping centers quickly became an asset class. The model worked very well for a long time, but as consumer behavior has changed, so have the requirements of tenants, operators and investors. The obvious task to satisfy customers, business partners and stakeholders is: Get your customers to return to your locations. Clear differentiation and positioning as well as a clear focus on people are crucial.
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