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ACROSS

Retail

STRATEGIES AND EXPANSION PLANS OF RETAILERS

The Swiss Retail Forum will take place at Radisson Blu, Zurich Airport. /// credit: SCSP

12th Retail Forum Switzerland: Experience the future of retail at first hand

The 12th Swiss Retail Forum for the retail, commercial real estate and shopping center industry is just around the corner and promises to be an exceptional experience for industry professionals and interested parties. On November 7, 2023, leaders from a variety of fields will come together to provide world-class insights, practical knowledge and invaluable networking opportunities.

credit: jaeger lecoultre

Jaeger-LeCoultre opens first store in Germany

When it was founded by Antoine LeCoultre in 1833, Jaeger-LeCoultre officially became the first watch manufacture in the Vallée de Joux to unite all aspects of watchmaking under one roof.

In Bratislava Kaufland is opening the largest timber store in Slovakia. /// credit: Kaufland

Building for the future: Kaufland tests wood and recycled building materials

Kaufland intends to significantly reduce CO2 emissions in the future in the construction of new stores and for modernization measures. Currently, the retailer is testing various alternatives to materials such as concrete and steel at pilot locations. In Bratislava, the company is opening the largest timber store in Slovakia, while in Tuttlingen, Baden-Württemberg, a store is being built using recycled building materials including items such as walls, the facade and the parking lot.

Thomas Beyerle of Catella (left), Patrick Brinker of Hauck Aufhäuser Privatbank AG (center), and Falk Hermmann of Retaylor (right) /// credit: Rueckerconsult

Retail real estate: increasing pressure to modernize

The German transaction market for retail space recorded a low transaction volume of around EUR 2.8 billion in the first half of 2023 – compared with around EUR 7.8 billion in 2022 as a whole. Overall, it can be seen that online retail is having a negative impact on the development of sales in stationary retail even after the Corona pandemic. However, stationary retail for everyday needs in particular, such as retail parks in residential areas with a high population density, is proving robust and benefiting from the new situation. These trends extend much further than just Germany, as similar patterns can be recognized on other European markets as well.

Axel Despriet (left), Bistrita Retail Rark, Romania (center), and Bart Rabaey (right) /// credit: Mitiska REIM

The ongoing opportunity in retail parks

Many of the headwinds that have buffeted the global economy over the past 12 months remain very much at the forefront of investors’ minds. However, in tandem with this, investors like Mitiska REIM are also seeing a number of structural tailwinds in support of retail parks and wider convenience real estate.

credit:new yorker

New Yorker cooperates with Cliq

The Düsseldorf-based streaming platform Cliq Digital is active in over 40 countries and distributes subscription-based streaming services that bundle series, music, audio books, sports and games.

credit:hm

Second hand clothes at H&M in London

Used clothing can be dropped off at the Regent Street store, and members will be credited with a £5 voucher and 20 points upon return. Furthermore, a rental service is also offered, as already in the store in Berlin Mitte Garten.

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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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