Retail Archives - Page 16 of 45

Polarization is the trend of the moment: “We’re on the lookout for polarization winners”

The retail and hotel asset classes are both geared towards the consumer, clearly benefit from tourism and are impacted by the “luxury vs. budget” polarization trend. Six months ago, Union Investment therefore decided to bring together its retail and hotel investment teams by establishing an Investment Management Operational department. The Hamburg-based investment and asset management company is targeting synergies and opportunities for its portfolio in the two property categories and considering acquisitions. Andreas Löcher, Head of Investment Management Operational, and Roman Müller, Head of Investment Management Retail, discuss the megatrends affecting both asset classes, highlight other similarities and identify locations of particular interest.

THE RETAIL AND HOTEL INDUSTRY – A LONG-LASTING LOVE STORY?

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.

Michael Kors To Debut AI-Powered “Shopping Muse” In Cooperation With Mastercard

As the first retailer to utilizie the technology, Michael Kors launches the AI-based shopping assistant “Shopping Muse” on its US website.

Alo Yoga Continues Its UK Expansion

The Californian athleisure brand Alo Yoga is continuing its UK expansion with two new stores set to open later this year, one each at Seven Dials in London, and 75 Brompton Road.

LVMH’s Italian Dior Maker Under Investigation For Labour Exploitation

Among other things, the company is accused of awarding contracts to Chinese companies that exploited their workers.

Fielmann Is Expanding In The USA With Its Acquisition Of Shopko

Fielmann is about to acquire Shopko Optical, which marks another milestone in its US expansion strategy.

Golden Goose Is Estimated To Be Worth 1.8 Billion Euros At IPO

Italian luxury sneaker brand Golden Goose is aiming for a market capitalisation of up to 1.8 billion euros in its initial public offering on the Milan bourse.

Carbon Maps – The Environmental Accounting Platform For The Food Industry

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.

Investor CBR Group Backs Out Of Aiding Esprit In Its Restructuring

Already preceeding the fashion retailer´s insolvency in May, Esprit seemed to have secured a potential investor, who would help the company with its restructuring. Now, CBR Group has backed out of supporting Esprit.

Inditex Shows Strong Q12024 Results

In its Q1 period, Inditex´s net profit rose 11% to 1.3 billion euros, in line with analysts’ average forecast, and despite a slight slowdown in sales.

UK´s Clothing Sales To EU Sink Considerably Due To The Changing Export Conditions Since Brexit

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.

Zara To Expand Its Live Shopping Broadcasts To Europe

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.

EALYX – The First Win-Win-Win Trade-In Solution

Established in 2023 in Spain, EALYX is a B2B SaaS that allows consumers to trade in their used items and instantly receive a discount on a new purchase. This innovative approach is the first of its kind in the e-commerce industry.

SHEIN Exchange Is To Launch In Europe

SHEIN has announced the launch of the extension of its SHEIN Exchange resale platform in Europe and the UK. The first region to gain access to the platform is France, followed by the UK and Gemany.

Birkenstock Raises Its Growth Forecast

Following last year’s successful Barbie boom, the renowned sandal manufacturer Birkenstock has also proved stable this summer.

Westfield Hamburg-Überseequartier´s Opening Postponed Once More

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.

Creditors Have Approved The Insolvency Plan For Galeria

The creditors of Galeria Karstadt Kaufhof have approved the restructuring plan for the insolvent department store chain, announced the insolvency administrator Denkhaus. Despite the rescue, 1,400 people will lose their jobs.

Discounter TEDi Plans Massive Expansion Across Europe

TEDi has announced a major expansion in the European non-food sector, aiming to reach 5,000 stores in the medium term.

PIXEVIA — Automated Retail Management

PIXEVIA is a Lithuanian company, known for its AI-based smart retail solutions that includes its most renowned autonomous store concept.

Primark Enters Hungary With It´s First Store Opening In Budapest´s Arena Mall

Primark is opening its first store in the Hungarian capital, Budapest, thus securing its 17th market, and marking a significant milestone in the retailer’s ambitious expansion plans across the CEE region. The first Primark store will be located in one of the city’s largest shopping centers, Arena Mall, and is to open on May 28, 2024.

The German Trade Association Is Supporting An Overhaul Of EU Import Taxes Overly Favouring Retailers Such As Shein and Temu

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.

Klépierre To Buy RomaEst As Part Of Its European Expansion Plan

Shopping center operator Klépierre, whose tenants include Zara and H&M, is buying Italy’s RomaEst as part of its European expansion strategy.

ZeroQs – Take What You Need

Polish retail startup ZeroQs implements smart-scan on customers´ shopping carts to make the payment process much faster.

Time Out Market Lisbon Celebrates Its 10th Anniversary As The Group Prepares To Open Its 10th Market Later This Year

Ten years ago almost on the day, Time Out Market Lisbon opened its doors to the public as the world’s first editorially-curated food and cultural market. It was the culmination of an idea from Time Out Lisbon’s editors to bring their ‘best of the city’ ethos to life and together under one roof: a curated mix of the best chefs, restaurateurs, drinks and cultural experiences. To date, Time Out Market Lisbon — a highlight of the first ACROSS Study Tour in 2023 — has welcomed over 35 million guests, making it one of Portugal’s most popular destinations and sparking a global foodie phenomenon with currently eight Time Out Markets around the world spread across four continents.

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Retail

STRATEGIES AND EXPANSION PLANS OF RETAILERS