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“It has been a challenging year for H&M group and the industry but after a difficult first half, there are signs the company’s transformation efforts are beginning to take effect. Improved collections generated better full-price sales and lower markdowns towards the end of the year. This gave us confidence to accelerate our transformation plans in the fourth quarter with a particular focus on the upgrade of our logistics systems. Inevitably resulting in increased costs but will lead to a range of improvements for customers.” Karl-Johan Persson, CEO
Visitors to the centers in Spain, France, Germany, Italy and Poland totaled 41.7 million in 2017.
The shopping centers managed by Austria’s market leader SES Spar European Shopping Centers (SES) remained on a successful trajectory in 2017 and once more outdid the outstanding performance of the previous year.
Neinver continues delivering year-on-year sales and footfall increases across its outlet portfolio. In 2017, the company recorded over €917 million in sales, a 5% like-for-like increase compared to the previous year, and welcomed more than 41.7 million visitors across its portfolio of 15 outlet centres in Spain, Poland, France, Germany and Italy.
The International Council of Shopping Centers (ICSC) has released its biannual Socio-Economic Impact Report for European Retail Real Estate.
McArthurGlen Group, Europe's leading owner, developer and manager of designer outlets, announced another year of impressive growth with total sales across its 24-centre portfolio increasing to 4.5 billion euros in 2017. A strong performance that demonstrates continuous year-on-year sales growth.
“Berlin is poor, but sexy.” That’s how Klaus Wowereit, then-mayor of Berlin, characterized the German federal capital in 2003. This mainly referred to the city’s massive debt, which then amounted to around €50 billion.
Realm, the market-leading operator of outlet retail schemes in the UK, has reported the number of visitors to its schemes rose by 10.7 per cent in the first half of 2017, with footfall peaking over the Easter period, increasing by 18 per cent compared to the same period the year before.
The retail real estate landscape is evolving as investors broaden their horizons in search of returns, says new JLL report.
McArthurGlen, Europe’s leading developer, owner and manager of designer outlets, announced both record sales growth to 4 billion euros across its portfolio of 22 shopping centres, and 12 months of continuous year-on-year sales growth.
DIC Asset AG, one of Germany's leading listed property companies, reported that the Kaiserpassage a shopping arcade in the Bahnhofsviertel sub-district in Frankfurt am Main will reopen for business in mid-February.
Atrium has been extremely active in Warsaw over the past few months. CEO Liad Barzilai intends to further optimize the portfolio in the city.
A self-made man who set out to form a European format omnichannel provider.
For the first time in five years, Hong Kong’s Causeway Bay has replaced New York’s Upper 5th Avenue as the world’s most expensive retail street by rental value, according to data from Cushman & Wakefield.
Just a few years ago, many retail commentators were predicting that by 2020, online retail (“clicks”) would have completely taken over and driven physical (“bricks and mortar”) stores to extinction.
Recruitments, promotions and appointments in the European Retail Real Estate Industry.
Polish property owner EPP released 3rd quarter results for the nine months ended September 2018 indicating net property income is up 37% year on year to EUR 102.2 million. The JSE-listed company said earnings available for distribution per share were at EUR 8.75 cents, and the company is on track to meet its stated guidance of EUR 11.6-11.8 cents per share.
A study conducted by EHI and Statista examines the e-commerce markets in Austria and Switzerland.
The Crown Estate is pleased to announce that Paula Hay-Plumb has been re-appointed, by Royal Warrant, to serve a second term as a Crown Estate Commissioner, subsequent to the expiry of her current warrant on 31st December 2018. Her new term will commence on 1st January 2019 for a period of four years.
Outlet retail has long been established across Europe, but the sector has tended to suffer from being seen as second best to its big sister, the shiny shopping center. As a long-term owner and operator of retail outlets across Europe, Resolution Property has been at the forefront of evolving this sector to capitalize on creating offers that can’t be replicated online.