Retail Archives - Page 3 of 44

Esprit Closes Last Remaining Stores In Germany

Following previous plans, fashion group Esprit is closing the last of its stores in Germany at the end of January.

H&M Showed Slight Sales Decline During Last Financial Year But Cost-Cutting Measures Have A Positive Effect

H&M suffered a slight decline in sales in the 2023/24 financial year, however, it was able to improve its earnings thanks to efficient cost-cutting measures.

In 2024, ALEXA Berlin Confirmed Its Leading Position In The German Retail Market And Plans To Further Sharpen Its Profile As A Trend Center

The ALEXA shopping and leisure center in Berlin-Mitte can look back on an extremely positive 2024. The center, which is owned by Union Investment and managed by Sonae Sierra, was able to further expand its position as one of the most attractive retail locations in Germany with 17 new leases and 18 lease extensions and was named Germany’s best inner-city center. Further optimizations are planned for 2025.

Ikea Plans To Expand Digital Second-Hand Marketplace In Europe

Following a successful trial period in Oslo and Madrid, Ikea’s second-hand platform “Preowned” is ready to expand across the whole of Norway and Spain, with plans to continue its expansion throughout Europe.

Galeria Store Chain Had Profitable Start In 2025

According to its co-owner, the German department store chain Galeria has made a profitable start to the new financial year following the insolvency proceedings concluded in the summer.

SES Commissioned With The Center Management Of Hungarian KORZÓ For Another Five Years

The owner of the KORZÓ shopping center in Nyíregyháza, Hungary, a pan-European banking group, has commissioned SES Spar European Shopping Centers to manage the center for a further five years.

Köln-Arcaden In Germany Receives A Sustainable Mixed-Use Development from Union Investment

Union Investment, owner of the Köln Arcaden shopping center in Germany, is planning to develop the site into a new mixed-use quarter. The preliminary planning envisages around 108 apartments, some privately financed and some publicly subsidized, as well as senior citizens’ apartments, a facility with care places for senior citizens and office space for a total of around 800 employees.

Olaf Ley Takes Over The Management Of Eurofund Germany

Eurofund Group has appointed Olaf Ley, who has been with the Group since November 2024, as the new CEO Retail for Germany.

Rituals Solidifies Expansion Plans After Achieving Record-Breaking Sales In Q4

Rituals solidifies expansion plans after topping 2 billion euro in sales for the first time in its 25-year history.

Pepco Shows Interest In Acquiring NKD’s Discounter Chain In Germany

With the discounter having recorded continuous losses in the past few years, chain-owner TDR Capital is reportedly considering selling the assets. Now, one of the chain’s major competitors, Pepco, is showing a lot of interest.

SES Introduces Certified Environmental Management System

SES sets a strong example for sustainable management and environmental protection with the successfully introduced comprehensive environmental management system and received ISO 14001 certification from TÜV AUSTRIA. This applies to both the SES headquarters and 15 SES shopping malls in Austria.

Westfield-Hamburg-Überseequartier’s Opening Date Is Being Finalized

According to reports, investor and operator Unibail-Rodamco-Westfield is expected to officially announce the opening date of Westfield-Hamburg-Überseequartier already in the following days.

Adidas Finishes 2024 With Strong Q4 Results

adidas announced preliminary results for the fourth quarter of 2024. In Q4, currency-neutral revenues increased 19%, while in euro terms, the company’s revenues grew 24% to 5,965 million euros (2023: 4,812 million euros).

German Shoe Chain Görtz Files For Insolvency Again

After its recent insolvency case in 2022, Hamburg-based Görtz Retail GmbH has filed for insolvency again.

Unibail-Rodamco-Westfield Strengthens Strategic Partnership With Decathlon

Unibail-Rodamco-Westfield (URW) Germany is enriching the already diverse and attractive tenant and brand mix of Westfield Ruhr Park in Bochum and Palais Vest in Recklinghausen: with the sporting goods manufacturer and retailer Decathlon, another anchor partner is coming on board in both shopping centers. At Westfield Ruhr Park, Decathlon will present its extensive product range on a sales area of more than 1,000 sq m. At Palais Vest, the store will cover almost 1,000 sq m of sales area. The stores are scheduled to open in spring 2025.

Primark Opens Its First Standalone Primark Home Store

Set to open in March, Primark continues to expand its homeware and lifestyle offering with its first-ever Primark Home store.

Eurofund Group Strengthens Its German Team

Eurofund Group is further expanding its presence in the German market and is strengthening its team with Marc Heppner as the new Director Development.

ECE Marketplaces Has Achieved Strong Leasing Performance And Over 820,000 sq m Of Leased Shopping Center Space

The shopping center operator ECE Marketplaces has once again achieved a strong leasing performance in the shopping centers under its management in 2024 that exceeds the already very successful results of the previous year.

IKEA Retailer Ingka Group To Invest 1 Billion Euros To Increase Recycling Infrastructure

Ingka Investments, the investments arm of the largest IKEA retailer Ingka Group, aims to invest about 1 billion euros in companies that are increasing recycling infrastructure.

Designer Outlet Parndorf Expands International Accessibility With New Connection To Bratislava

McArthurGlen Designer Outlet Parndorf is strengthening its position as an internationally popular shopping destination: in cooperation with the Austrian transport and tourism company Blaguss, a shuttle bus service connects the Slovakian capital Bratislava directly with the center.

Online Retailer Wayfair Exits The German Market

Online retailer Wayfair exits the German market, one of its first original entry points in Europe, after 15 years.

Skechers Opens New Concept Store In Prague

Skechers has opened a new flagship store in the center of Prague, with the destination featuring an extensive offering of footwear, apparel and accessories.

GFK: CONSUMER FEARS AND ADAPTATION STRATEGIES — EUROPEANS ARE ADAPTING THEIR PURCHASING BEHAVIOR

The COVID-19 pandemic and the wars in Ukraine, Israel and Gaza have had a lasting impact on people’s lives. Worries and hardships have changed, and consumers have adjusted their spending behavior accordingly. A global consumer survey by NielsenIQ shows that European consumers are very critical of their economic situation compared to the previous year.

ACROSS Discuss Ep. 10: Consumer Demand Is In Constant Change — Don’t Look Back

According to the motto “from insiders for insiders,” we examine the top topics in the industry in exciting, entertaining discussion settings.

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