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Wereldhave has taken notice of recent media attention about the possible intention of Hudson’s Bay Company (HBC) to close its operations in the Netherlands by the end of 2019.
The company published its third Corporate Responsibility Report, which provides insights into a journey towards greater sustainability in Travel Retail.
Neinver – a leading investor, developer and operator in the European outlet centre industry and the largest operator in Spain and Poland – has announced that sales across its outlet portfolio grew to €487M during the first half of the year, an 8% increase compared to the same period in 2018. The number of visitors to the 16-outlet-centre portfolio also rose by 3% to 21 million.
“Critics doubt that it really reflects the performance of shopping centers.”
First quarter (1 December 2018 – 28 February 2019) and comments by Karl-Johan Persson, CEO.
The portfolio of 15 outlet centres in Europe welcomed 42.3 million visitors in 2018.
“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.
Festival Place, the 1.1m sq ft retail and leisure destination in Basingstoke has reported outstanding results for the Black Friday trading period.
Springfields Outlet has once again demonstrated its continued resilience, bucking trends when compared to full-price retail destinations, reporting positive trading and footfall stats for the Black Friday trading period.
Lifestyle Outlets has announced UK independent fragrance retailer The Fragrance Shop is opening a store at The Lowry Outlet, the waterfront outlet centre at the heart of Manchester’s MediaCityUK.
“Outlet strategies that blend a hybrid occupier mix with a focus on leisure boost dwell time and engage local communities.”