Retail tourism is here to stay. Travelers collectively spend billions of euros every year when they shop. They create jobs, providing income for retailers, craftsmen, and designers. Retail is one of the world’s most diverse industries, shaping every part of the travel experience, and retail tourism is playing a pivotal role in the recovery of the travel and tourism sector, which saw inbound tourism revenues surge by 82 percent in 2022, according to the World Travel & Tourism Council (WTTC). Despite all the challenges brought on by the pandemic, retail tourism remains strong. Furthermore, if tourism and hospitality are to play an important role in the future of retail, then the presence and location of hotels is crucial, experts say. What, however, does the joint potential of the retail and hotel industry look like? This ACROSS cover story analyzes the synergies between the retail and hotel industries.
Retail tourism is here to stay. Travelers collectively spend billions of euros every year when they shop. They create jobs, providing income for retailers, craftsmen, and designers. Retail is one of the world’s most diverse industries, shaping every part of the travel experience, and retail tourism is playing a pivotal role in the recovery of the travel and tourism sector, which saw inbound tourism revenues surge by 82 percent in 2022, according to the World Travel & Tourism Council (WTTC). Despite all the challenges brought on by the pandemic, retail tourism remains strong. Furthermore, if tourism and hospitality are to play an important role in the future of retail, then the presence and location of hotels is crucial, experts say. What, however, does the joint potential of the retail and hotel industry look like? This ACROSS cover story analyzes the synergies between the retail and hotel industries.
The Paris-based climatetech startup Carbon Maps helps food retailers carry out a comprehensive, global assessment of their organization’s environmental impact and develop credible targets in line with the latest SBTi criteria and recommendations.
UK exports of clothing and footwear to the EU have plummeted since Brexit, according to a new study by consultancy Retail Economics and online marketplace Tradebyte. The study shows how complex regulations at the border — a result of the still ongoing post-Brexit trade frictions — have deterred the shipping of products to the EU.
Still a relatively unknown trend in Europe, live shopping services might just receive a major boost from Zara´s new plan to enter the European markets with its broadcasts.
After the recent change in the center´s opening date to end of August, the opening of Westfield Hamburg-Überseequartier has to be pushed back once again.
The trade association argues that the exemption supports a flood of cheap goods on their way to Europe, and criticizes the fact that many goods cannot be adequately checked by the customs authorities for compliance with European standards.
NEPI Rockcastle achieved a 12.7% uplift in net operating income (NOI) to 135 million euros in the first quarter (Q1) of 2024 versus Q1 2023. On a like-for-like (LFL) basis NOI was up 9.4%. This solid growth was driven by higher base rents and tenant turnover as well as tight management of operating costs across its retail property portfolio, the largest in Central and Eastern Europe, reveals NEPI Rockcastle in its latest Q1 2024 business update.
“Octopus is not just creating technology; we are building an entire ecosystem that mirrors the online world’s interactivity in the physical world, all centered around our screens and the Octopus app. We are crafting an environment where digital engagement is as natural and intuitive as using a smartphone or computer,” explains Emre Yıldız, CEO and Founder of Octopus, in his interview with ACROSS.
The European luxury markets remain resilient, bolstered not only by high-wealth luxury shoppers but also the return of high-spending tourists to Europe, reveals the 2024 European Luxury Retail Report by Cushman & Wakefield.
The deal between the insolvent Signa Prime and the Thai Central Group was sealed this week, according to informations obtained by “profil”. The transaction volume is expected to be over 1.2 billion euros.
TareTag offers retailers, restaurateurs, and (food & non-food) fillers an uncomplicated way to sell their goods in returnable containers and manage them online.
According to the German Süddeutsche Zeitung, Union Investment wants to sell the shopping arcade “Fünf Höfe” in Munich´s old town center to one of Germany’s richest families. The purchase price is expected to be just under 800 million euros.
Amazon reports a profit for its retail division in Europe for the first time. The Group was helped by high tax refunds. However, the overall result on the continent has declined.
“We are firmly committed to continuously raising the level of our malls,” says Christoph Andexlinger. The SES CEO explains why reliability and the continuous development of quality and offers are the best paths forward and why the industry urgently needs to work together to present shopping centers as places that provide attractive working conditions and benefits, which, in fact, they are.
“We are firmly committed to continuously raising the level of our malls,” says Christoph Andexlinger. The SES CEO explains why reliability and the continuous development of quality and offers are the best paths forward and why the industry urgently needs to work together to present shopping centers as places that provide attractive working conditions and benefits, which, in fact, they are.
Douglas currently operates 1850 stores in 22 countries across Europe and employs around 18,000 people.
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