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Retail

STRATEGIES AND EXPANSION PLANS OF RETAILERS

Without a doubt, outlets are an outperforming retail format. Therefore, it is a very dynamic sector. Dominic Brady, Partner at KLM Real Estate, explains the current trends outlet operators are facing from the brands and consumers’ perspective.

The O2 has announced that Icon Outlet in London will be reopening its doors to visitors from Friday 18 March, just one month to the day since Storm Eunice damaged the roof of the music, leisure, and entertainment venue.

German non-food retailer, TEDi, and the Austrian chain of sport stores, Hervis, will open their shops in newly emerging retail parks in Romania developed by the Polish company Scallier. In total, the new stores will occupy an area of ​​nearly 5,500 sq m in the facilities located in Timisoara, Vaslui, Mosnita, Turda (TEDi) and in Vaslui and Turda (Hervis).

The search for regional products for small, innovative businesses is often time-consuming. How can local producers, start-ups, and small manufacturers bring their goods to customers as authentically as possible without taking on a lot of risk? Quite simple: They rent a “Fachl” for a limited period of time – a fruit crate measuring 50 cm × 40 cm × 30 cm.

The fruit gummies and licorice specialist opened its tenth Haribo Deutschland store on 212 sq m at Westfield Centro in Oberhausen. In addition to the well-known products and merchandise, customers can look forward to a candy bar with a pick & mix station.

RegioPlan Consulting is inviting to the 24th Retail Symposium in Vienna, at Palais Ferstel on May 11, 2022. At this event, international trade and real estate managers as well as investment experts gather to exchange views and perspectives on industry trends.

The leading Outlet Operator in Spain and Portugal and the second-largest Operator in Europe, has announced a steady recovery at its Outlet Business in 2021.

The multifunctional Norblin Factory opened in September last year and is gaining more and more tenants. The project’s investor, the Capital Park Group, has signed lease contracts with another six concepts which will soon join the revitalized complex at Żelazna Street.

London Designer Outlet (LDO) has announced that Nike is set to increase its footprint at the center by more than two thirds, as the fashion and lifestyle destination prepares for a year of new brand arrivals.

The Polish investment market has quickly adjusted to the changes caused by the pandemic. The retail market is still spearheaded by retail parks, which have been increasingly popular among investors for the past three years.

In the retail sector, the dividing line between winners and losers is particularly sharp as a result of the pandemic. Correspondingly, a substantial number of retailers in Europe will suffer from “Financial Long COVID” for years to come if politicians do not react, says Dr. Stephan Mayer-Heinisch, who spoke with ACROSS about COVID-19 from a strategic point of view.

In the Italian lagoon city, a stone’s throw from the Rialto Bridge and right on the Grand Canal, DFS – a pioneer in luxury travel retail (founded in Hong Kong in 1960) and now part of the LVMH Group – has set up shop. The curated selection of around 750 brands includes fashion, accessories, beauty, and jewelry, as well as food, wine, and gift items. Most of the products are made by local artists. The assortment of “La Corte al Fondaco”, a kind of high-end marketplace, changes regularly and is a great opportunity to pick up small gifts before leaving the building.

In total, Sonae Sierra signed 30 new leases in six locations: for Alexa in Berlin, Mercaden in Boblingen, Mercado, Quarrée Wandsbek, and Ottensen commercial building in Hamburg, and Munster Arkaden in Munster. In addition, more than 30 contract extensions and agreements for pop-up stores were achieved.