Retail

STRATEGIES AND EXPANSION PLANS OF RETAILERS

The Polish investment market has quickly adjusted to the changes caused by the pandemic. The retail market is still spearheaded by retail parks, which have been increasingly popular among investors for the past three years.

In the retail sector, the dividing line between winners and losers is particularly sharp as a result of the pandemic. Correspondingly, a substantial number of retailers in Europe will suffer from “Financial Long COVID” for years to come if politicians do not react, says Dr. Stephan Mayer-Heinisch, who spoke with ACROSS about COVID-19 from a strategic point of view.

In the Italian lagoon city, a stone’s throw from the Rialto Bridge and right on the Grand Canal, DFS – a pioneer in luxury travel retail (founded in Hong Kong in 1960) and now part of the LVMH Group – has set up shop. The curated selection of around 750 brands includes fashion, accessories, beauty, and jewelry, as well as food, wine, and gift items. Most of the products are made by local artists. The assortment of “La Corte al Fondaco”, a kind of high-end marketplace, changes regularly and is a great opportunity to pick up small gifts before leaving the building.

In total, Sonae Sierra signed 30 new leases in six locations: for Alexa in Berlin, Mercaden in Boblingen, Mercado, Quarrée Wandsbek, and Ottensen commercial building in Hamburg, and Munster Arkaden in Munster. In addition, more than 30 contract extensions and agreements for pop-up stores were achieved.

Niam has acquired Väsby Centrum and Bålsta Centrum, both with strategic locations close to important commuter hubs in northern Stockholm, from Grosvenor Europe. The properties have a variety of necessity driven retail such as grocery, healthcare, and restaurants.

I recently discovered the social concept store “SCHÖN&GUT” at Preßgasse 28 in Vienna-Wieden. As I drove by, the displays communicating with the viewer aroused my curiosity. Inside, I was not disappointed–unique products made sustainably and with social responsibility are lovingly presented. Customers are greeted warmly, you already feel welcome when entering!

In the city that is returning to vibrant life and where anything is possible, you’ll also find one of my absolute favorite stores, right on West Broadway, in the middle of SoHo: Flying Solo. Elizabeth Solomeina, a Russian-born jewelry designer and sculptor, teamed up with about 30 other creatives in 2016 to start this marketplace for unique fashion pieces.

The fashion brand Sinsay, which is part of LPP Group from Poland, has launched its new store at Westgate Shopping City. They have been a loyal tenant at the center for years and now relocated to an expanded shop with a new concept that includes both fashion, and home accessories.

Lendlease has announced the signings of e-sports café Wanyoo, Taiwanese tea specialists YiFang, and restaurant & bar Oisoi, which have taken an inter-connected unit spanning over 557 sq m, and will be joined at Elephant Park by sushi and hot food outlet Kokoro.

One of the first anchor tenants signs a lease for the Stern Center in Sindelfingen (Baden-Württemberg) which will be transformed to a hybrid center. tegut… is represented with around 290 supermarkets in six German states.

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