Issue 2018 May 22nd

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    Mega deal set for ascent in Sydney this week after Paris vote

    Unibail-Rodamco has received approval from its shareholders to push ahead with its proposed takeover of Westfield. During its annual general meeting in Paris last week, the French property giant’s shareholders gave the green light for its £18.5 billion takeover. Westfield’s board of directors have already expressed their support, but its shareholders are due to pass [...]
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    UK retailer expected to announce further round of store closures ahead of results

    Hundreds of Marks & Spencer staff will find out today or tomorrow whether their store is closing, as the retailer accelerates its retrenchment from struggling UK high streets. The M&S chief executive, Steve Rowe, is shutting 100 of its large clothing and food shops amid falling sales and profits. It has already closed 20 stores, but [...]
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    Could value retail giant be set to announce first online store?

    Speculation has emerged around whether Lidl is planning to launch an online delivery service after it created a holding company called Lidl Digital Logistics in Britain. There are reports that the discount German retailer was gearing up to enter the online grocery market as it looks to compete with the likes of Tesco and Sainsbury’s, [...]
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    Polish capital looks to new retail strategy with city masterplan

    Advisory firm JLL and the city of Warsaw will begin cooperation to establish a development strategy for downtown trade, highlighting places with the greatest potential for creating new shopping locations as well as increasing the attractiveness of high streets for both potential tenants and customers. JLL already has similar experience in this field – experts [...]
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    Mall ecosystems to change as operators rethink their destinations

    Expect the malls of 2023 to include new uses and experiences, as retail real estate responds to five major industry and demographic trends over the next five years, predicts a new report from global think tank Coresight Research. While mall occupancy rates remain high, operators will move away from an apparel focus to create retail-and-services ecosystems [...]