Retail outlets at two of New Zealand’s biggest shopping centres have been placed on the market for sale in what will be one of the biggest single sell-downs of retail properties ever to be held …
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Australia’s largest home centre set for 2011
Springvale in the Australian state of Victoria will boast the country’s largest Homemaker Centre in 2011, which will include about 20 stores including home-furnishing giants IKEA and Harvey Norm…
Tesco may locate first outlet in Mumbai
UK retailer Tesco, which will open its first cash-and-carry outlet in India by the end of the year, has said the location will mostly likely be Mumbai.
India is the only country where Tesco will have …
Prince of Wales urges industry to back wool campaign
Marks & Spencer and John Lewis have signed up to an initiative launched by HRH the Prince of Wales to reinvigorate the wool industry in the UK, Australia and New Zealand.
To view the full article …
11 ways that Walmart is changing retail – for good
Walmart, that US bastion of imported trinkets from China and everyday low prices on way too much mayonnaise, surprised many people in the environmental community when it announced a plan last year to …
Lotte to acquire Buy the Way for USD236m
Lotte Group, the operator of 7-Eleven outlets in South Korea, has agreed to acquire convenience-store chain Buy the Way from private-equity fund Unitas Capital for KRW274 billion (USD236 million).
Kor…
British retailer to pay record rent for HK’s IFC Mall shop
A British high-fashion retailer selling hair accessories and scarves has agreed to pay HKD620 (USD79.77) per square foot to lease space at IFC Mall, a record for shopping centres in Central.
The retai…
Why outsourcing may be better for your business in the long run
Expanding store and franchise operations into new markets, or even expanding into known markets, can present a number of challenges for the Brand Owner.
Almost without exception, these challenges and…
Marks & Spencer opens store in Inorbit Mall
Marks & Spencer Reliance India opened its brand new store at Inorbit Mall in the Cyberabad IT hub on Monday.
The opening of this large store is a step further in the brand’s expansion in Ind…
Mall vacancy rates stable in Bangalore and Chennai
Mall vacancy rates have remained stable in Bangalore and Chennai, but have increased in Hyderabad compared to end-2008 levels, according to the annual retail report issued by global real estate consul…