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Regio Data’s annual retail chain expansion analysis brings Austria as an example, revealing that store networks are hardly growing any more, with retreat and consolidation dominating instead. Of the 732 retail chains from 24 sectors analyzed, many are putting on the brakes, and this trend is largely prevalent across the whole of Europe. However, there are also companies that are keen to expand. Online retailers and non-food discounters are squeezing out specialized retailers – with noticeable consequences for the retail landscape.

Despite challenging conditions and rising costs, MK Illumination closed out 2024 with projected revenues of 168 million euros, up by 3 million against the previous year, and plans further expansion on three continents in 2025.

NEPI Rockcastle has delivered a robust performance in Q3 2024, achieving a 12.3% growth in net operating income (“NOI”) to €411 million in the first nine months (“9M”) of 2024 versus the same period of 2023. On a like-for-like (“LFL”) basis, NOI increased by 8.4%. The continuing momentum in the Company’s growth was driven by higher rents and short-term income as well as the disciplined management of operating costs.

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.

The subdued consumer sentiment is also evident in the footwear market, where the gap between private consumer spending and spending on shoes is widening as consumer prices rise. In 2023, total sales of shoes reached a market volume of 9.6 billion euros, which corresponds to growth of 3.8% in the previous year. These and other findings were published in the new „Branchenbericht Schuhe 2024“ (“Shoes 2024 Industry Report”) by IFH Köln in collaboration with BBE Handelsberatung.

IMMOFINANZ has expanded its high-yield and fully rented retail portfolio in the 2022 financial year. As a result of acquisitions and completions, the portfolio has grown from 111 to 169 locations in ten European countries over the course of the year, with a carrying amount of approximately EUR 2.3 billion (excluding S IMMO). Rentable space increased by nearly 30% to approximately 1.36 million sq m.