• European retail moving at different speeds at start of 2015Tuesday 6th Jan 2015

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    UK grocer set to launch new discount format this autumn

    UK grocery giant Tesco is preparing to launch its own discount chain as early as this September, as the supermarket prepares to go toe-to-toe with German discounters Aldi and Lidl. The chain may be named Jack’s after a division of the grocery group recently attempted to register the name as a retail trademark. Up to 60 [...]
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    CVA hit after landlords mount legal challenge

    Department store chain House of Fraser is facing a legal challenge from a group of landlords over a plan to close more than half its stores by next spring. The landlords, who filed a complaint via the court of session in Edinburgh on Friday last week, say that they were “unfairly prejudiced” during an insolvency [...]
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    Revo puts forward new mall classification structure for retail

    Revo, the organisation that represents the UK’s £360 billion retail property sector, has launched an industry-wide consultation with a view to establishing a formal classification structure for retail assets in line with global industry best practise. The UK does not currently have its own established classification for defining the spectrum of retail properties and Revo is therefore seeking to develop a classification methodology that can be adopted [...]
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    Acquisitions ramp up across Europe ahead of the August break

    Several shopping centre purchases have been confirmed this month as Europe’s shopping centre sector prepares for the usual August slowdown. Schemes in Spain, Portugal, the UK, Poland and the Czech Republic have all changed hands as a series of deals were pushed through. Vukile has agreed to acquire a portfolio of four Spanish shopping centres for €460m. [...]
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    Retail market in Poland sees new formats, and rapid growth

    Total retail stock in Poland now stands at nearly 14.0 million sq m with shopping centres accounting for 71% (9.9 million sq m), followed by retail parks and warehouses with 27% (3.8 million sq m) and outlet centres coming in with 2% (0.25 million sq m), according to JLL. Strong growth this year has been [...]
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    Amazon closes in on half of US online spending

    Amazon is set to clear $258.22 billion in US retail sales in 2018, according to the latest eMarketer’s figures, which will work out to 49.1% of all online retail spend in the country, and 5% of all retail sales. Amazon’s next-closest competitor, eBay, is a very, very distant second at 6.6%, and Apple in third at 3.9%. [...]

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