Advertisement

Retail

STRATEGIES AND EXPANSION PLANS OF RETAILERS

Following the opening of the first Dover Street Market in London in 2004, the flagship store in Paris is now the seventh location worldwide after Tokyo, Beijing, New York, Singapore and Los Angeles.

As reported by “Handelsblatt”, a buyer has been found for the insolvent department store chain. A consortium consisting of the US investment company NRDC Equity Partners and the entrepreneur Bernd Beetz wants to take over the insolvent department store chain Galeria Karstadt Kaufhof.

Contrary to what was announced in October 2023, the French luxury department store Galeries Lafayette will now close its only location in Germany earlier, at the end of July 2024.

In dynamic times for digital retail, Kaufland continues to drive forward its growth strategy for marketplaces. Following the successful launch in Slovakia and the Czech Republic last year, Kaufland is now bringing its marketplaces to two more countries: Poland and Austria. The launch is planned for late summer.