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

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    Rents cuts urged in Hong Kong as retail sales fall dramatically

    Shops in Hong Kong have resorted to heavy discounting to ease the drop in sales brought about by civil unrest in the city and the US-China trade war. Retail sales in Hong Kong plunged a record 23% in August – the most recent month for full results – compared with the same month last year, [...]
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    Latest mid-market F&B chain faces uncertain future

    Pizza Express appears destined for a debt restructuring that could hit its lenders, as the UK-based international pizza chain is reportedly in early talks to refinance two tranches of borrowing worth a combined £665m. This is part of a total debt that had reached £1.1bn by the end of December 2018. Pizza Express paid out [...]
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    Shopping City Targu Mureș to open in March 2020

    NEPI Rockcastle, a real estate investor in Central and Eastern Europe, is to open the newest shopping centre in the portofolio, Shopping City Târgu Mureș, in March 2020. Following an investment of €70 million, the biggest investment in the last period in the county of Mureș, the Romanians from the north of the country will [...]
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    UK retailer to unveil new department store concept

    Sports Direct is set to unveil its new Frasers department store concept in a 94,000sq ft flagship in Wolverhampton’s Mander Centre. Benson Elliot, the private equity real estate firm that manages the shopping centre, said the deal pertains to the current space that is occupied by department store Debenhams. Frasers will move in to begin [...]
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    Russian retailer backs innovation start-ups

    X5 Retail Group, a leading Russian food retailer, has announced the results of its start-up scouting programme conducted jointly with the Spanish Institute for Foreign Trade (ICEX). The company looked for innovative, technology-based solutions for key areas of the retail business, including logistics, customer experience, in-store operations, and back office functions. Eleven out of [...]
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    US fast fashion retailer enters Chapter 11

    US fast fashion retailer Forever 21 announced on Sunday that it had filed for Chapter 11 bankruptcy. The clothing chain will file a motion to close up to 178 stores. The company, which has over 800 stores, said in a letter to customers that “the decisions as to which domestic stores will be closing are ongoing, [...]

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