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The global clash of digitalization and the pandemic is shaping the economic development of the 20s of this century. It has also led to profound structural changes of historic proportions. The consequences for retail and its accompanying services are equally dynamic and controversial. Food purchases at brick-and-mortar stores increased by 10 percent or more across Europe in 2020 as a result of the pandemic. At the same time, purchases of consumer durables, such as clothing, home electronics, home accessories, toys, sports, and leisure items increasingly shifted from offline to online retail.
Leading diversified professional services and investment management company Colliers announced that Monika Rajska-Wolińska has been promoted to Chief Executive Officer (CEO) of Colliers in Central and Eastern Europe (CEE), now including Bulgaria, Czech Republic, Hungary, Poland, Romania, and Slovakia, effective from 01 August 2021.
Europe's food retailers are being put to the test by the eco- nomic consequences of the natural disaster Covid-19. This is a very special kind of weather situation. While non-food retailers and the food service industry are in sheer despair in the face of the calm caused by government-imposed lockdowns, the "system-relevant" food retail sector has been confronted with a veritable storm tide since the sec- ond quarter of 2020.
Retail parks have been the best performing and most resilient retail format in Belgium prior to and throughout the Covid-19 pandemic, resulting in a slight compression in yields by 25bps since the beginning of the year according to new research by CBRE commissioned by Mitiska REIM.
For small and medium-sized businesses lease terms and conditions become a hot issue again due to January "lockdown mode".
Coniq today officially unveiled IQ Connect, the retail industry’s first and only complete location-based loyalty solution designed specifically to drive footfall and sales for shopping centres and tenants.
Modern retail stock in Romania will exceed the 4 million sq m threshold by the end of the year. Several openings were postponed due to Covid-19.
MAPIC Russia 2020 is a long-awaited offline event for the retail real estate market, which gathered industry professionals and experts in Moscow on September 16-18, 2020.
The new, close relationship with customers. These are the strategies that retailers and operators apply to prepare for life after the crisis.
Despite the pandemic and nearly two months of lockdown, Westgate Shopping City has continued to open new stores and attract visitors. The shopping center in Zagreb is prepared to face the realities of the near future, which are sure to be challenging.
The long-awaited offline event of the retail real estate market MAPIC Russia 2020 will bring together professionals and industry experts on September 16-18 at Crocus Expo.
Lotus Property, owners of Northern Ireland’s premier designer outlet, The Boulevard, has signed one of the UK’s most iconic brands to join the scheme in the run up to Christmas.
Leading management and technology specialist for parking and visitor insight, GroupNexus, has identified that during the first week in July, motorway service station visits have now surpassed pre lockdown figures from the same period four months ago, showing an increase of 4.46%, whilst dwell time has decreased by 14% to 30mins, compared to pre-pandemic. [1]
"Is he unteachable? Or is Dr. Will actually stuck in a repeating time loop with his tenant survey SCPR 2020, just like the misanthropic weatherman Phil Connors in the popular comedy 'Groundhog Day'?"
During this trying time, a group of management companies of large shopping centers in Ukraine supported the business of its partners by providing rent-free vacation for the entire period of forced downtime.
The investor has invested half a billion, says company doctor Geiwitz. The German bankruptcy contingency fund pays 28,000 employees for three months. The corona crisis threatens the future of the department house group Galeria Karstadt Kaufhof, which is owned by the Austrian large-scale investor René Benko.
The department store group Galeria Kaufhof and Karstadt is in trouble.
