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Retail

credit: Reuters

British retail chain Wilko closes all stores

All of Wilko’s 400-plus stores are to close with the loss of more than 12,000 jobs after talks with potential buyers failed to deliver a rescue deal for the retailer.

retail parks faces both challenges and exciting opportunities. /// credit: Chainels

The Future Of Retail Parks: adaptation and innovation in a changing landscape

The retail park: a cornerstone of modern consumer culture that has long been a popular destination for shoppers seeking convenience, variety, and an all-in-one shopping experience. As technology and consumer preferences continue to evolve, the future of retail parks faces both challenges and exciting opportunities. Joseph Jarvis, Content Marketer at Chainels, explores how retail parks are likely to adapt and innovate to remain relevant in the rapidly changing retail landscape.

credit:g-star raw

WHP Global becomes majority owner of G-Star Raw

Including G-Star RAW, WHP Global’s brand portfolio generates more than $7 billion in retail sales, further elevating the company to one of the largest brand management companies in the world.

Sq m retail space per 1,000 inhabitants in Europe. /// credit: Regio Data Research GmbH

Factory Outlet Center: Completely Immune To Online Shopping

According to Regio Data’s most recent report, while brick-and-mortar retailing throughout Europe has been in decline for years, factory outlet centers are developing magnificently. In total, the sales area of the 180 outlet centers is already around 4.6 million sq m, compared with 3.3 million sq m a decade ago. This results in an increased rate of almost 40% – and another 18 projects are in the planning stage.

The yip.at business promotion honors the best implemented business ideas in the region. Submission is possible as of now. /// credit: SES/Chris Perkles

Promotion Space In The Shopping Center With An Innovative Business Idea

For companies, being visible is one of the most important prerequisites for success. Making this possible was the reason for SES Spar European Shopping Center, as the operator of numerous shopping malls in Austria, to launch the advertising-free online platform “yip.at” in 2020. The aim was and is to make the retail, gastronomy, service and craft businesses from the neighborhood visible to customers throughout Austria.

New MediaMarkt store at Inegöl Shopping Mall, Bursa, Turkey /// credit: Fiba CP

MEDIAMARKT UNVEILS NEW STORE IN İNEGÖL SHOPPING MALL

Exemplifying Fiba CP’s role as both investor and manager, İnegöl Shopping Mall has once again united its patrons with a notable brand. On Thursday, August 24, MediaMarkt, one of Turkey’s leading electronics retail chains, unveiled its new 1,675 sq m store within İnegöl Shopping Mall.

credit:sportscheck

SportScheck opens new stores in Germany

Signa subsidiary SportScheck currently operates 34 stores in Germany. These will be expanded by three top locations, each with 2000 to 3000 sq m of space: Frankfurt’s Zeil, Berlin’s Tauentzienstrasse and Leipzig’s Hainstrasse.

credit: Trei Real Estate Poland

Retail Parks In Poland Are Thriving Even In Challenging Times

Despite the current unfavorable economic situation in Poland, retail parks are still growing rapidly. Nevertheless, Trei Real Estate Poland has built and opened 35 retail parks under the Vendo Park brand, and has another three scheduled to open later this year. The company may even say that in the face of many market challenges business is going very well.

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THE RETAIL AND HOTEL INDUSTRY - A LONG-LASTING LOVE STORY?
From fashion capitals selling luxury products to bustling marketplaces peddling local goods, the shopping available at certain destinations is a powerful draw for many tourists. Shopping and vacations have always been closely linked. In the same way, the retail and hotel asset classes have always been interdependent.
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