Retail Archives

Søstrene Grene Plans Expansion In Germany

Søstrene Grene is continuing its expansion in Germany with another branch opening in Augsburg on July 26. According to the company, more than 80 stores are to be in operation in Germany by the end of the month.

arxy — The Future Of Designer-Retailer Interactions

Arxy Virtual Showroom specializes in providing a boundless digital experience for fashion brands and retailers to showcase and interact with collections.

The Landscape Of European Food Halls

The need for convenience and variety has become paramount. Food halls are increasingly diversifying their offerings and have emerged as a perfect fit for the modern consumer. They have evolved into social hubs, fostering an environment that encourages socialising and meaningful connections, reveals Cushman & Wakefield in its latest Food Halls of Europe Report.

Lyst Index: LOEWE Ranks As The World’s Hottest Brand In Q2 2024

In the latest Lyst Index, LOEWE took first place and forced the previous quarter´s hottest brand back to second place.

Saudi Investment Fund To Increase Stake In Selfridges To 50 percent

The Saudi Arabian Public Investment Fund (PIF), a shareholder in Selfridges, is reportedly planning to increase its stake in the luxury department store from the current 10 percent to 50 percent.

Esprit´s Wholly-owned Dutch Subsidiary Files For Bankruptcy

Esprit has announced that it is applying for the commencement of insolvency proceedings for its NLEB subsidiary at the District Court of Amsterdam, the Netherlands.

LVMH’s L Catterton Adds 1.8 Billion Euros Worth Value Retail To Its Portfolio

Hammerson has agreed to sell its 42 percent stake in Value Retail, the parent company of The Bicester Collection, to Silver Bidco Ltd., an investment vehicle controlled by LVMH´s L Catterton.

The Retail Market In Poland Continues Its Strong Momentum

During the second quarter of 2024, there were eight new retail completions with the development pipeline comprising approximately 400,000 sq m in the Polish retail market. This indicates healthy supply levels amid unwavering occupier demand and strong retail sales, shopping center footfall and turnover figures, shares Cushman & Wakefield in its latest analysis.

EssilorLuxottica To Acquire Supreme From VF Corporation

EssilorLuxottica and VF Corporation have entered into a definitive agreement for EssilorLuxottica to acquire the Supreme brand from VF for 1.5 billion dollars in cash.

“GOOD SHOPPING CENTERS SEE THEMSELVES AS STAGES”

The most difficult times are behind us and retail has proven to be resilient, states MAPIC Director Francesco Pupillo. As such, this year’s MAPIC will once again be clearly focused on matchmaking and brands – especially dynamic brands that are part of experiential retail.

Adidas Increases Its Full-Year Guidance Following Confident Second Quarter Results

adidas announced the preliminary results for the second quarter of 2024, revealing that in Q2, currency-neutral revenues increased 11% versus the prior year. In euro terms, the company’s revenues grew 9% to 5.822 billion euros, compared to 5.343 billion euros in 2023.

Sophienhof Shopping Center In Germany Welcomes Sports Club As New Tenant

Union Investment Real Estate GmbH has announced a smooth leasing transition at Sophienhof shopping center in Kiel, Germany.

Freshflow — Place The Perfect Order Every Time

Freshflow uses novel Artificial Intelligence to build the food supply chain of the future and reduce food waste worldwide.

German Deco Retailer Depot Slides Into Insolvency

The Depot furniture chain is insolvent, but the company has plans for a possible restructuring.

Macy’s Cancels Buyout Talks With Investor Group

Macy’s ended talks with an investor group comprising Arkhouse Management and Brigade Capital that had offered to acquire the store chain for 6.9 billion dollars.

Birkenstock Opens Its First Store In Paris

The German shoe retailer Birkenstock is expanding in France and opening its first store in Paris.

The MAPIC Awards Return In 2024 To Celebrate Excellence And Innovation

Since 1996, the MAPIC Awards reward excellence, innovation and creativity in the retail real estate industry, celebrating the industry’s most useful, sustainable and visionary projects. This year, the MAPIC Awards feature a number of new categories, reflecting MAPIC’s commitment to serve communities, businesses and the planet. The entry phase of the competition is open until July 22, 2024.

Mango Reports Strongest First Half Financial Results In Its History

Mango continues its upward trend of recent years with record-breaking first half financial results. The company closed the first six months of the year with the highest revenue in its 40-year history, in excess of 1.543 billion euros, which represents a 6.3% increase over the same period last year.

Gymshark Targets Global Expansion

Gymshark is looking to open more stores globally as its first physical store on Regent Street in London has exceeded expectations and its second store at Westfield Stratford has just been opened.

Intersport To Bring Production Back To Europe

The company´s aim is to focus production more in Europe. as well as North Africa, instead of the Far East.

Deichmann Subsidiary Takes Over 27 Stores From The Swiss SportX

The Swiss Migros Group has announced that it is selling 27 locations of the sports retailer SportX to the Dosenbach-Ochsner Group, a subsidiary of Deichmann.

Cool Shopping Malls Are Particularly Popular In The Heat

To be “the coolest place in town” as a shopping center, one needs more than just trendy stores: When outside temperatures are high, shopping centers are particularly popular because of their pleasant air conditioning. Sophisticated building technology is used to save energy. SES’s motto is to air-condition carefully and make use of existing resources. The air conditioning in SES centers is 100 percent powered by green electricity from renewable energy sources and, depending on the location, also uses well cooling and groundwater pumps.

Bratislava, Slovakia: JTRE’s Ganz House breaks ground

Boutique Ganz House will deliver premium residences and green offices to riverside Eurovea City – a prime destination for work, life and leisure. JTRE’s multifunctional project is taking shape on an attractive triangular plot between Pribinová and Čulenova streets, conveniently by Eurovea shopping center and the Slovak National Theatre.

RETAIL OFFERS AN ATTRACTIVE WORK ENVIRONMENT – THAT REALITY NEEDS TO BE BETTER COMMUNICATED!

Norbert W. Scheele has worked for C&A in various functions and countries for more than 40 years. Not only does he have four decades of first-hand experience dealing with change in the retail sector, he has also overseen the expansion into Eastern Europe. At a time when the mood in the world of retail is more divergent than ever between the East and the West, when the middle segment is shrinking in favor of luxury and discount stores and consumers as well as employees seem to have become more and more demanding, it is all the more worthwhile to take a look at the situation and the development of retail in Austria and Europe with an experienced retail expert like Norbert W. Scheele. For 6 years he is as well vice president of the Austrian retail association.

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