Issue 2018 April 3rd

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    Australian DIY giant mulls UK exit after disastrous acquisition

    Australian DIY giant Bunnings is reportedly considering an exit from the UK with owner Wesfarmers looking at selling the operation just two years after it purchased the UK DIY chain Homebase for Aus$705 million. After troubling performance figures from Bunnings sites across the UK, owner Wesfarmers has appointed Lazard’s bank to consult on the chain’s future. [...]
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    Rain hits the high street as embattled UK retail hopes for Easter boost

    According to Springboard, shoppers have still been visiting retail destinations this Easter Weekend, despite rain across much of the UK. While rain impacted the high streets, where footfall was noticeably down (by -9.6% on Friday and by -6.9% on Saturday), footfall in retail parks and shopping centres increased (+5% from Good Friday and Easter Saturday [...]
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    Online giant signs French grocery deal

    Amazon has signed a distribution deal with French retailer Casino Group, ending months of speculation that the US ecommerce company was planning more partnerships or acquisitions in Europe. Groceries from Monoprix will be available to customers of Prime Now, Amazon’s high-speed delivery service, as Casino becomes the first French retailer to unveil an alliance with [...]
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    Prado opens as Marseilles moves up French retail ladder

    The new Prado mall, developed jointly by Klepierre and Montecristo Capital has officially opened in Marseille. The result of a major two-and-one-half-year construction project, Klepierre said that the Prado illustrates “Klepierre’s vision of the next-generation shopping centre: it is an environmentally advanced mall that is perfectly integrated into the city and boasts a customized commercial [...]
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    Grosvenor adds ‘fashion street’ to Stockholm mall

    Grosvenor Europe, one of four operating companies of the privately-owned international property group, Grosvenor Group, has created a new fashion street at Skärholmen Centrum, stockholm. A series of new signings have been introduced as part of this, including H&M’s new discounted fashion and lifestyle brand, Afound, Vero Moda and Jack Jones. The new signings will [...]