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Retail

STRATEGIES AND EXPANSION PLANS OF RETAILERS

credit: Nike

Nike Suspends Online Sales in Türkiye

Nike suspended online sales in Türkiye via its website as well as mobile app. The decision is based on an increase in customs taxes levied by the country on online purchases from abroad.

credit: iStock

Returned Apparel In The EU Is Often Not Resold

As a recent study focusing on product flows and returned apparel revealed, each year European consumers return millions of new products to retailers, which quite often do not see a second owner again.

Lefto-to-right: Alexander Eck (Member of the SES Management Board), Christoph Andexlinger (CEO of SES), Marcus Wild (SPAR CEO), Dr. Michael Heinisch (Chairman of the Vinzenz Group Management Board), Sigrid Miksch, MSc (Head of Health Park Management at the Vinzenz Group) and DI (FH) Otto Brandstätter, MSc (Head of Development Shopping Center & Special Projects at SES). /// credit: Christian Leopold, SES Spar European Shopping Centers

New Health Parks To Be Introduced In SES Shopping Malls

At the end of July, Austria’s market-leading shopping center operator SES and Vinzenz Gruppe Service, an expert in health parks, signed a partnership agreement to jointly develop long-term health centers at selected SES shopping locations and thus strengthen regional healthcare provision in the long term.

credit: Savills

Savills: Significant Growth For Europe´s Food And Grocery Market Ahead

According to Savills research „European Grocery Market 2024“ the European grocery sector has a positive growth outlook for the coming years. Improving consumer confidence, inflation slowly returning to target rates and a forecasted rise in retail sales bode well for consumers, retailers and investors alike. In Europe, the highest growth in retail sales in 2025 is expected in the Czech Republic and Belgium, with a 6% increase anticipated in both countries.

credit: Aydee, ACROSS

Aydee — Make Your Products Smart And Priceless

Aydee is a pioneer in the realm of “smart labeling” who offers a Digital Product Passport solution for luxury brands. By integrating digital labels into a variety of products, the solution offers instant access to essential information about authenticity, traceability, and sustainability.

credit: Alo Yoga

Alo Yoga Opens New Flagship Store In London

US activewear Alo Yoga has opened a 1,000 sq m flagship store on London’s Regent Street. The new store marks the brand´s second store in the UK, following the opening of a smaller London shop on Kings Road last year.

Anchor tenant EDEKA at Eidelstedt retail park in Hamburg. /// credit: Union Investment

Union Investment Sells Retail Park In Hamburg To LHI Group

Union Investment has sold a retail park in Eidelstedt, Hamburg to the LHI Group. The property at Hörgensweg 5 in north-west Hamburg was added to the portfolio of institutional open-ended real estate fund UniInstitutional European Real Estate in 2007, making it one of the oldest holdings in the fund.

credit: RegioData

RegioPlan: How Much Investment Should Go Into Leisure?

In recent years, leisure expenditures and household income in Austria have changed significantly. Leisure activities like dining out and entertainment have gained considerable importance in the retail and real estate sector as well.

credit: Prada Group

Prada Shows Strong H1 Performance

Prada Group has reported a strong first-half performance for 2024, with an 18% increase in retail sales and a significant rise in EBIT margin to 22.6%.

Andrew Keith is to exit the department store after four years at the business. /// credit: Selfridges

CEO Andrew Keith Leaves Selfridges

Andrew Keith is quitting as CEO of the Selfridges division of Selfridges Group as of this autumn with the group’s Chief Executive André Maeder replacing him.

People on the move: Angelus Bernreuther is leaving Kaufland

Angelus Bernreuther, Head of IR at Kaufland Stiftung & Co. KG and member of the ACROSS Advisory Board, will leave the international foot retailer Kaufland end of July. He worked with Kaufland seven years. After a short break, he will be taking on a new position in the German real estate business.

credit: Søstrene Grene

Søstrene Grene Plans Expansion In Germany

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.

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