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Retail

STRATEGIES AND EXPANSION PLANS OF RETAILERS

Reinventing the high street: With the redevelopment projects of two iconic assets in Paris, one on Boulevard Haussmann and one on Rue de Rivoli, Redevco not only shows how historic buildings can be transformed into innovative multi-functional destinations, but, in the case of Boulevard Haussmann also how space can be showcased even during a redevelopment.

Shopping center investors and managers are increasingly concerned about the role of their assets, the value and experience they deliver, and how they can resonate in a digital age, argues James Miller, Director of Pragma. Therefore, the overriding focus for shopping centers in 2024, continues to be renewal and adaptation on the basis of accurate consumer research and insights.

The placemaking industry is increasingly realizing that established retail business models and their 1:1 replication across multiple locations are no longer effective. Rising digitalization, climate change, post-pandemic effects, and political and economic instabilities are leading to societal changes that profoundly manifest in altered consumer behavior, explains Oliver Zügel, Chairman GALLUP Swiss & Board Member at evAI.

New highlight at Forum Hanau: on Friday, February 23, 2024, the renowned European retailer Pepco opened its doors for the first time on the second floor of the shopping center.

Since February 24, Schuh Bode has been enriching the fashion offering at QUARREE with a wide range of brand shoes for men, women and children on over 500 sq m of retail space. Family-run for five generations, the Hamburg shoe company fits in perfectly with the tenant mix of the center in the middle of Wandsbek.

For the premiere in Belgium, Costa Coffee and its partner Lagardère Travel Retail have chosen a central location at Liège-Guillemins station.

RESERVED is continuing its flagship store expansion and will open a store at Westfield Centro in mid-2025. As part of LPP SA, one of the fastest growing fashion companies in Europe, RESERVED is pursuing the goal of being represented in the most important shopping centers in Germany.

Making good and sensible use of existing space and offering innovative concepts a chance in an effort to attract customers – that is a challenge for every shopping center. METRO PROPERTIES has developed h-our Store: Through the completion of minimal formalities, all online, new tenants have the opportunity to present their offerings at well-established and renowned locations in the region’s commercial landscape.

Aldi and Lidl are currently the fourth and sixth largest retailers in the country. Both companies will continue to expand their market presence in the UK.