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THE LATEST PLACEMAKING NEWS

The Westfield Hamburg-Überseequartier shopping center is once again struggling with water damage. According to the fashion news portal FashionUnited, a few weeks ago there was an “isolated technical problem” in a “small section of the construction site”, causing rainwater to penetrate into “a few rental spaces”.

German online optician Mister Spex announced its transformation and restructuring program “SpexFocus”, which includes the closure of all of its international stores.

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.

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.

The Austrian building contractor and shopping center operator Richard Lugner, who became famous for his appearances alongside Hollywood stars at the Vienna Opera Ball, has died according to media reports. Austrian media reported that the 91-year-old died in his villa on the outskirts of Vienna.

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.

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.

The investment group DRFG’s portfolio is expanding with an important addition: the acquisition of one of the largest privately-owned real estate development platforms in Central Europe, TriGranit.

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.

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.