Retail outlet centers, known for their brand-lead discount store formats and offers, have seen a significant leap in retail and leisure brand growth in the past year, according to a
newly-released industry report.
According to Regio Data’s most recent report, while brick-and-mortar retailing throughout Europe has been in decline for years, factory outlet centers are developing magnificently. In total, the sales area of the 180 outlet centers is already around 4.6 million sq m, compared with 3.3 million sq m a decade ago. This results in an increased rate of almost 40% – and another 18 projects are in the planning stage.
The long history of differences in retail offer and consumer mentality between Central and Western European markets and the CEE and SEE markets is becoming very apparent, especially when a drastic change in general consumer behavior occurs.
The lower the purchasing power, the more shopping centers there are. This correlation is evident in Germany at both the federal state level and the district or city level, according to the latest RegioData report.
Digitalization in the retail sector is in full swing. This is leading both to a changed shopping experience for customers of local suppliers and discounters and to simplified processes in the management and purchase and sale of retail real estate. However, retailers should be mindful of customers’ interests when using artificial intelligence (AI) in sales. While functioning digital systems are important, completely digital smart stores without personal support miss the mark when it comes to consumer needs. This is shown in the third GRR Basic Retail Report, which GRR Group is presenting with its cooperation partner Savills.
According to a recent CBRE study, while emerging European e-commerce markets such as Italy and Spain have seen the pandemic trend of increased online shopping become entrenched, more established e-commerce markets such as Germany have returned to their pre-Corona growth trajectory since the pandemic subsided.
Based on the report by Grand View Research, the global retail logistics market size was valued at USD 246.85 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 12.5% from 2023 to 2030.
Trei Real Estate GmbH (Trei), together with Jones Lang LaSalle Poland (JLL), has published a new market report on “Retail parks and local shopping centers in Poland”. The key findings are: Within the overall retail segment, investor interest is focused on retail parks, local suppliers, hardware stores, and food markets.
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