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Midland Gate shopping centre in Perth sold for $465 million

Inside Retail

Melbourne-based fund manager Fawkner Property and alternative investment firm PAG have acquired Perth’s Midland Gate shopping centre for $465 million. The deal marks Australia’s largest single regional asset transaction since December 2019. The facility recently underwent a major $100 million redevelopment and expansion.

Shopping 278
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How Kizik is looking to redefine the sneaker category with retail expansion

Inside Retail

In 2019, Kizik’s parent company, HandsFree Labs, received a minority stake investment from footwear giant Nike and last year the brand was stocked in five Nordstrom stores in the Midwest and West Coast. Innovative sneaker brand Kizi already has a firm toehold in the footwear industry.

Expansion 264
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Walmart’s futuristic vision: AI shopping, drone deliveries and green energy

Inside Retail

The world’s largest retailer shared expansive plans for the future of retail at the recent Consumer Electronics Show (CES 2024), focusing on adaptive retail strategies that encompass realms of customers, workforce and society. Embracing AI Walmart’s goal is to make shopping experiences effortless, engaging and personalised.

Shopping 262
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Superdry opens at ICON Outlet at the O2 as the destination continues to outperform

Retail Focus

Icon Outlet at The O2, the London outlet shopping destination, developed by AEG and Crosstree Real Estate Partners, has announced the opening of Superdry, the premium apparel brand. Sales at Icon Outlet were up +54% over the August bank holiday weekend versus 2019, with the Entertainment District posting similarly strong results.

Apparel 286
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Australian label Princess Polly opens its first physical store in the US

Inside Retail

Since its entry online in 2019, the company says US sales have made up the majority of its revenue. The company says physical retail expansion is its new business strategy and follows its decision earlier this year when it signed a deal with PacSun to stock its merchandise in-store and online.

Expansion 278
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JYSK continues UK expansion with new store to open in Telford

Retail Focus

As part of JYSK’s plans to expand in the UK, the largest Danish retailer, operating globally, will be opening its first Telford store on 2nd June 2022 at Unit NQ1, Northern Quarter, Telford Shopping Centre. Repro Free: 29/03/2019 pictured at a special preview of the first Irish JYSK store in Naas, Co. Picture Andres Poveda.

Expansion 147
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Sendle raises $45 million to grow in US market

Inside Retail

Delivery provider Sendle has completed a $45 million Series C funding round to further it’s market expansion in the United States. Parcel delivery is the backbone of today’s e-commerce ecosystem as more people than ever now shop and sell online,” Vogel said. “As

Marketing 235