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ACROSS

Retail

ACROSS Outlook 2024 (left), Gregory Fonseca (right) /// credit: ACROSS, BDP

OUTLOOK 2024: “THE ONLY RETAIL THAT IS DYING IS BORING RETAIL”

“In the current retail environment, it is the customers’ expectation for personalisation, speed, and lower costs that is driving industry innovation,” states Gregory Fonseca, Director of Architecture at BDP and member of the ACROSS Advisory Board in the latest “Industry Outlook 2024”.

credit:paul smith

Paul Smith closes all stores in Germany

Inflation and consumer restraint following the pandemic made the company’s own bricks-and-mortar stores in prime locations such as Munich’s Luitpoldblock and Hamburg’s Hohe Bleichen increasingly unprofitable.

credit: MK Illumination

MK Illumination as trendsetter: The world bathed in Tyrolean Christmas light

Despite a challenging market environment across the board, the Tyrolean lighting artists from MK Illumination were able to achieve some real highlights this year. With revenue estimated at 165 million euros, the globally active company will have had the most successful year in its history once again.

The Kaufland companies in Germany present their commitment to sustainability with the publication of their first sustainability report. /// credit: Kaufland

For more sustainability: Kaufland publishes its sustainability report

Kaufland’s companies in Germany are presenting their holistic commitment to sustainability in detail as part of the Green Week with the publication of their first sustainability report for the 2022 financial year (March 1, 2022 to February 28, 2023). The report provides information on the goals, measures and structures Kaufland has created in Germany. The focus is on shopping more consciously, conserving resources, protecting the climate and strengthening society.

Viladecans The Style Outlets F&B Plaza. /// credit: NEINVER

NEINVER unveils new look for F&B Plaza at Viladecans The Style Outlets

NEINVER has put the finishing touches on the revamped F&B Plaza at Viladecans The Style Outlets, the only outlet center in the Barcelona Metropolitan Area. Aimed at rejuvenating the center’s main social and leisure zone, the refurbishment has resulted in enhanced terraced dining areas, seating and events spaces, contributing to a more all-round shopping experience.

Footfall in ECE centers in Germany up by nine percent. /// credit: ECE

ECE Marketplaces increases leasing performance in the shopping centers to 800,000 sq m of leased space

Shopping center operator ECE Marketplaces achieved a strong leasing performance in 2023 and once again increased the leased space in its centers. In total, ECE Marketplaces achieved a leasing performance of around 800,000 sq m in the centers it manages and leases in 2023, an increase of almost 50 percent compared to the previous year. ECE concluded a total of around 2,600 lease contracts in 2023.

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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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