Rieker
Italy is the most attractive country for retailers, and Russia is in third place
22.11.2011 1885

Italy is the most attractive country for retailers, and Russia is in third place

According to a new CBRE study, “How Active are Retail Chains in Europe, the Middle East and Africa?”, About a third of surveyed international retailers plan to open more than five stores by the end of 2012 in Europe, the Middle East and Africa.

For the first time, Italy became the most attractive market for retail, rising from eighth place in the ranking of last year. Italy, followed by Germany, Russia, Spain and France, making the top five countries in which more than 30% of the companies surveyed plan to develop. Russia climbed from sixth to third, according to CBRE, “due to a strong economy and forecasts of rising consumer spending.”

Interest in the Middle Eastern countries, such as Saudi Arabia, Kuwait and Qatar, has significantly increased - more than 15% of retailers are considering these countries for expansion in 2012. A high level of income of the population, a more stable economy than in Europe and a relatively low percentage of international presence in the region brands - all these factors attract companies.

More than half of the firms surveyed (52%) intend to open stores in new cities, but only in those countries where they are already present. A similar situation was observed last year. “Retailers in 2011 faced with a much more difficult situation in the consumer market than expected approach the development issue very carefully, which is right in this situation,” says Peter Gold, head of CBRE's international retail property department. Nevertheless, almost a third of retailers (30%) intend to enter new markets in 2012.

The most active retailers in the Value & Denim sector (clothing discounters, denim clothing). They plan to open an average of 36 stores in 2012 (30 stores last year). Faced with declining income levels, many consumers have begun to move to lower price points, Gold explains. The luxury segment also feels comfortable - companies in the Luxury & Business Fashion sector plan to open an average of 15 stores in 2012, which is slightly more than in the past.

In Russia, the total volume of foreign investment in the trade sector since the beginning of the year amounted to 764,5 million euros. “This segment is still underrepresented in the Russian investment market,” said Konstantin Lysenko, director of investment services at CBRE. Following the results of the III quarter of 2011, 2,3 billion euros were invested in German retail. In the UK - 1,78 billion euros. This was reported by the newspaper "Vedomosti".

According to a new CBRE study “How Active are Retail Chains in Europe, the Middle East and Africa?”, About a third of surveyed international retailers plan to open before ...
5
1
Rating
Euro Shoes Exhibition

Latest News

Manolo Blahnic and Birkenstock release second collaboration

The Manolo Blahnic and Birkenstock collaboration continues with a collection of sandals and clogs in transparent PVC with polka dots. Unlike the first part of the collaboration between the two brands, which was released in March of this year and featured elegant,…
24.05.2022 51

Spanish footwear brand Camper has suspended work in Russia

On the start page of the online store of the Spanish footwear brand Camper, there is an announcement about the temporary suspension of the company Camper…
24.05.2022 70

Fashion house Prada has released a collaboration with artist Cassius Hirst

The Italian luxury brand invited British artist Cassius Hirst, who paints on sneakers using shoes as a blank canvas, to collaborate on an exclusive collection by designing Prada America's…
23.05.2022 69

Balenciaga and Adidas launch collaboration

Called "Balenciaga/Adidas", the collection aims to bring together the archives of both brands to reimagine each one's DNA. The inspiration for the designers was the fashion of the late 90s and early 2000s, - writes ...
23.05.2022 262

Footwear exports from Portugal up 25%

In the first quarter of 2022, Portugal exported 21 million pairs of shoes worth 493 million euros. Overall, Portuguese footwear exports grew by 25,2% in the first quarter of this year compared to the same period in 2021, increasing…
22.05.2022 218
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning