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Retail

Thomas Reichenauer (left) is Co-Founder and Managing Director of ROS Retail Outlet Shopping; Designer Outlet Gdańsk (right). /// credit: ROS

“We Are Well-Placed To Navigate The Challenges And Opportunities Ahead”

Following a customer-centric approach, the ‘BOLD’ strategy carried out by ROS Retail Outlet Shopping across its entire portfolio reached full potential in 2023. The operator’s average sales soared by +16.5% across the portfolio in 2023, fuelled by an enriched brand mix, a stronger shopping experience and the ability to adapt to evolving market conditions.

Will´s F&B Insights: The (Old) Fashioned Food Court Is Dead, Long Live The Foodcourt!

As the nostalgic memories of greasy fast food and sticky trays fade away, the death of the old-fashioned food court looms over the culinary landscape. An expert in the world F&B development, Will Odwarka, founder and CEO of Dubai-based firm Heartatwork Hospitality Consulting, states in his newest column: “With the rise of trendy market halls, food halls, and multi-purpose restaurant experiences, traditional food courts are struggling to keep up with the ever-evolving dining scene. But wait a minute, is that really true?”

At the 19th SEE Real Estate Awards in Bucharest, Kaufland was recognized for its successful work and ongoing European expansion. /// credit: Kaufland

Consistently High Standard: Kaufland Wins Again At The SEE Real Estate Awards  

Kaufland operates more than 1,500 large supermarkets in eight European countries. Whether in Poland, Romania, the Czech Republic, Slovakia, Bulgaria, Croatia, the Republic of Moldova or Germany – the stores have not only impressed customers, but also the real estate industry time and time again. At the 19th SEE Real Estate Awards in Bucharest, Kaufland was also recognized for its successful work and ongoing European expansion.

The premium outlet center in the heart of Salzburgerland: Eben im Pongau, Germany. /// credit: FOC Retail Service

“Small But Effective” – The Appeal Of Small Outlet Locations

FOC Retail Service GmbH operates three outlet locations in Austria and Germany, all of which have incredibly high purchasing power but are small. Managing Director Michael Lungkofler explains the potential of smaller locations, why brands are just as successful here as in prominent locations, and why, despite the excellent performance, the small sizes result from regulatory policy decisions.

The Düsseldorf-based MEC now manages eight commercial sites for the investment consultancy SCP, including the Sieben Seen Center in Schwerin, Germany. /// credit: MEC

MEC Takes Over Management Of Eight Locations From The Commercial Real Estate Portfolio Of The SCP Group

MEC is significantly expanding the portfolio of commercial sites it operates. The Düsseldorf-based company has now entered into an agreement with the investment consultancy SCP Group to manage eight German commercial sites with a total rental area of approximately 130,000 sq m. With the expansion of its portfolio, MEC now operates nearly 80 commercial sites nationwide, covering over 1.7 million sq m of rental space. 

credit:tawny

TAWNY and the potential of Emotion AI

Emotion AI is at the forefront of innovation, revolutionizing the way industries connect and respond to human emotions in different contexts.

Mall of Emirates interior, Dubai, UAE. /// credit: MK Illumination

Illuminating The Future: Global festive Installations Embrace Evolution And Elegance

As the year propels forward, the allure of the festive season remains an enduring opportunity for innovation, sustainability, and creativity. Post-COVID, a glimpse at festive installations worldwide unveils a fusion of emerging trends and timeless elements, poised to redefine festive decoration in 2024 and beyond. At the forefront of this evolution stands MK Illumination, weaving these trends into captivating projects that impress and inspire.

credit:screenshot / london.doverstreetmarket.com

Dover Street Market to open in Paris

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.

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THE LEVEL OF EXCELLENCE WE SHOULD STRIVE FOR TODAY AND TOMORROW
Originally developed solely to meet the daily needs of consumers, shopping centers quickly became an asset class. The model worked very well for a long time, but as consumer behavior has changed, so have the requirements of tenants, operators and investors. The obvious task to satisfy customers, business partners and stakeholders is: Get your customers to return to your locations. Clear differentiation and positioning as well as a clear focus on people are crucial.
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