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Retail

Søstrene Grene is continuing its expansion in Germany with another branch opening in Augsburg on July 26. According to the company, more than 80 stores are to be in operation in Germany by the end of the month.

ROS Retail Outlet Shopping, the 4th largest European operator with 12 managed outlet shopping destinations in 7 countries, has been acquired by the French FREY Group, a developer, investor and manager, and a real estate company listed on the Paris stock exchange, specialising in the development and operation of open-air shopping centers in Europe.

The need for convenience and variety has become paramount. Food halls are increasingly diversifying their offerings and have emerged as a perfect fit for the modern consumer. They have evolved into social hubs, fostering an environment that encourages socialising and meaningful connections, reveals Cushman & Wakefield in its latest Food Halls of Europe Report.

During the second quarter of 2024, there were eight new retail completions with the development pipeline comprising approximately 400,000 sq m in the Polish retail market. This indicates healthy supply levels amid unwavering occupier demand and strong retail sales, shopping center footfall and turnover figures, shares Cushman & Wakefield in its latest analysis.

The most difficult times are behind us and retail has proven to be resilient, states MAPIC Director Francesco Pupillo. As such, this year’s MAPIC will once again be clearly focused on matchmaking and brands – especially dynamic brands that are part of experiential retail.

Since 1996, the MAPIC Awards reward excellence, innovation and creativity in the retail real estate industry, celebrating the industry’s most useful, sustainable and visionary projects. This year, the MAPIC Awards feature a number of new categories, reflecting MAPIC’s commitment to serve communities, businesses and the planet. The entry phase of the competition is open until July 22, 2024.

Mango continues its upward trend of recent years with record-breaking first half financial results. The company closed the first six months of the year with the highest revenue in its 40-year history, in excess of 1.543 billion euros, which represents a 6.3% increase over the same period last year. 

Gymshark is looking to open more stores globally as its first physical store on Regent Street in London has exceeded expectations and its second store at Westfield Stratford has just been opened.