Ladies and gentlemen, are you ready?
Editor’s note: This article is from the micro-channel public number “commercial real estate headlines” (ID: Dtoutiao) , Author: I’m worried that my wallet will collapse.
First, commercial real estate
01 Japan Shinsaibashi PARCO is scheduled to open on November 20
Recently, the Shinsaibashi PARCO in Japan will open on November 20. It will have 2 floors underground and 14 floors above ground. There are about 170 stores, including beauty products such as Orbine, Innisfree, and MUJI , Tokyu Handmade and other miscellaneous goods and luxury goods.
02 JPMorgan Chase sells Melbourne CBD shopping mall at half price
The retail industry is struggling under the epidemic. JPMorgan Chase Asset Management plans to sell Melbourne CBD shopping malls for A$125 million to joint venture partners Credit Suisse Asset Management and Vantage Property.
According to data, the shopping mall covers an area of 9,000 square meters. JPMorgan Chase bought it in 2016 with 247 million Australian dollars. The yield at that time was about 5%. Judging from the latest transaction, the asset has been halved.
JPMorgan Chase previously tried to revive the shopping mall with a new lease, but it failed to fundamentally reverse the situation.
Second, Brand tracking
01Asia’s largest ZARA global flagship store settled in Beijing Wangfujing
On October 15th, on Wangfujing Street, Beijing, the original site was Hailan’s Home Wangfujing’s largest flagship store has been transformed into The largest ZARA store in Asia. The store is a street-side single-family building with four floors and an area of 3,500 square meters.
In addition to a great sense of space, this flagship store also incorporates a new business philosophy and is a collection of Inditex Group’s new retail technology.
02 H&M Group’s brand Arket will open its first flagship store in South Korea
Arket, a brand of H&M Group, plans to open Asia in South Korea next year.The first physical store with the brand on sale A full range of products including men’s, women’s, children’s and home furnishings.
However, it did not specify the specific time and location of the opening. In August this year, the brand opened a digital flagship store on Tmall and expanded for the first time in markets outside Europe.
03 Dior’s new store opens in Babylon Plaza, Kuala Lumpur, Malaysia
Dior recently opened a new store in Pavilion Kuala Lumpur. Babylon Plaza is located in Kuala Lumpur’s high-end business and retail center, while the new Dior boutique is located on the main floor of Babylon Plaza. This store has a VIP lounge and fitting room. The categories include men’s and women’s ready-to-wear, accessories, shoes, handbags and high-end jewelry (displayed in a dedicated space), bags, and other accessories.
Picture source/CPP LUXURY
04 MIKI HOUSE expands its sales in Asia, targeting the wealthy in China
The children’s clothing brand “MIKI HOUSE” under the Japanese three companies will accelerate the opening of stores in Asia, and expand the market centered on the prosperous Chinese mainland. The number of stores in Asia is expected to double by the end of 2021. Around 80.
The standard overseas store has an area of 50-70 square meters. In addition to baby products such as underwear, it also sells children’s clothing such as hats and shoes that can be integrated.
It opened a store in the shopping mall “Disney Town” adjacent to Shanghai Disneyland in August this year, and in September in the world’s largest duty-free shop in Hainan, “Sanya International Duty Free City”.
05The world’s fourth largest supermarket chain Kaufland Australia Retreat
The German retail giant Kaufland, which has a high-profile landing in Australia, retreats “orderly” before opening a store. It is reported that it has sold nine plots of land previously purchased in Australia with an investment of A$500 million, which will be in Victoria, Queensland and South Australia.
Although it has invested heavily in real estate, personnel and distribution, it has announced its withdrawal from Australia in January this year. According to preliminary estimates, the sale of the nine assets will allow Kaufland to return nearly one-fifth of the 500 million Australian dollars invested.
Three, joint/marketing/new product
01Dior launches the first “Double 11” limited series
The French luxury brand Dior is inThe official WeChat announced the launch of the “Double 11” limited series, including limited edition lambskin vine pattern handbags and a variety of limited accessories, which will be available for pre-order on the official website starting October 15.
This is the first time that Dior has joined the “Double 11” event, and it is also the first luxury brand to launch a limited series of “Double 11”.
Picture source/Getty Images
02 H&M launches new sustainable environmentally friendly denim jeans
H&M launched a new Jeans Redesign sustainable series with natural and simple style, including two jeans, one jacket and one jacket-style shirt, all made of denim fabrics. It will be held in Taipei on October 15th. Sold at Songgao Store.
In addition, H&M also launched the “Used Clothes Recycling Machine” for the first time in a shopping mall store in Stockholm on October 12 to show consumers how to recycle waste clothes. This machine is a reduced version of the clothing recycling system “Looop”.
Picture source/H&M
03 MiuMiu launches “UpcycledCollection” antique clothing recycling series
Miuccia Prada will launch a recycling series called “Upcycled Collection” for the MiuMiu brand under the PRADA Group. PRADA will bringRetro designs are reworked, and they are transformed into MiuMiu’s style through the brand’s iconic embroidery and decoration. The series plans to launch a limited edition of 80 dresses, which will be sold in designated MiuMiu boutiques at the end of November.
04 LV x NBA launches joint capsule bag series
The next morning after the Los Angeles Lakers won the new NBA championship, LV launched the men’s capsule series of bags jointly cooperated with the NBA. The series will go on sale on November 20.
Picture source/CPP LUXURY
05 French luxury fashion brand Chloé x Fusalp launches joint ski wear
French luxury fashion brand Chloé and professional brand Fusalp have collaborated again and will debut the luxury ski jacket capsule collection in the winter of 2020. The categories include ski wear, blouse jackets, pants suitable for high-waist boots, knitwear and accessories.
Picture source/CPP LUXURY
06 Han makeup will launch a big promotion in China to welcome Double Eleven
To welcome “Double Eleven”Online shopping , Korean cosmetics companies are in full swing to carry out product strategic planning and strengthen marketing. At that time, LG Life Health will mainly promote brands such as Whoo, Su Mi (SU:M) and Ouhui, and conduct discount activities. Sulwhasoo, a popular brand under Amorepacific, as well as brands such as Aekyung and MISSHA, have also taken actions to varying degrees.
Four. Performance Quick View
01 Uniqlo’s parent company’s annual net profit fell 44% to 90.4 billion yen
Uniqlo (UNIQLO) parent company Fast Retailing Co., Ltd. announced its full-year results as of August 31, 2020. During the reporting period, the realized income was 2008.846 billion yen, a year-on-year decrease of 12.3%; the profit attributable to owners of the parent company was 90.357 billion yen, a year-on-year decrease of 44.4%.
In terms of store opening, the group expects to further expand its global store network to 3,725 stores by the end of August 2021, including 813 Japanese UNIQLO stores (including franchise stores), 1558 overseas UNIQLO stores, and 445 GU stores And 909 branches of global brands.
Picture source/Photograph.com
02 LVMH Group’s third-quarter revenue drops by 7%
LVMH released the third seasonAccording to the financial report, in the three months ended September 30, LVMH Group’s revenue was 11.95 billion euros, a decrease of 7% compared to the same period last year, but it was better than the 12% decline that analysts had previously expected.
CoreXinpin brand, its fashion leather products are ranked third Quarterly revenue increased by 12%. However, some businesses are still facing the dilemma of declining performance: Although the online sales of the perfume and cosmetics department has grown steadily, sales have fallen by 16%.
03 Only’s parent company’s annual revenue fell by 6.5% and profits fell by 72%
Danish fashion group Ayato Group released financial data for the 2019/20 fiscal year. The group’s revenue for the 2019/20 fiscal year fell by 6.5% year-on-year to 24 billion Danish kroner, or about 25.77 billion yuan; profit before tax was 7.76 Billion Danish kroner, or about 930 million yuan. Compared with the same period last year, pre-tax profit fell by 72% year-on-year, but Ayazhi Group avoided annual losses.
It is understood that Lingzhi Group has a number of well-known brands, including Vero Moda, only, JACK&JONES, SELECTED, J.LINDEBERG, etc.
Picture source/highstreetphoenix.com
04 Salia preCalculate losses for 2 consecutive fiscal years
Japanese restaurant chain Saizeriya (Saizeriya) revealed that the final consolidated profit and loss for the 2021 fiscal year (as of August 2021) is expected to be a loss of 3.6 billion yen. Following fiscal year 2020 (a loss of 3.4 billion yen), the final loss occurred for two consecutive years.
05 Japan’s Ito Yokado’s sales fell 11% year-on-year
According to the monthly sales information of the main operating companies released by Seven&i Holdings, Ito Yokado9 Monthly same-store sales (SC total) dropped by 11.0%, the supermarket chain York · Beni Maru Sales A year-on-year increase of 2.2%, Sogo Seibu Department Store decreased by 29.9%, and Japan 7-11 increased by 2.4% year-on-year.
5. personnel changes
01 L’Oréal announces a change of coach in May next year, and the deputy CEO will take over
L’Oréal announced that Deputy CEO Nicolas Hieronimus (Nicolas Hieronimus) was formally appointed as the next CEO, and Barbara Barbara Lavernos (Barbara Lavernos) succeeded Nicholas as the deputy CEO of the group.
02 Macy’s appoints new chief financial officer
Macy’s announced the appointment of Adrian Mitchell as CFO, succeeding since June 1 Felicia Williams, who temporarily took over the position, will take effect on November 2, 2020.
VI. Capital Catcher
01Channel acquires old Italian shoe brand strong>
The French luxury brand Chanel announced a merger with one of its suppliers and acquired a majority stake in the Italian shoe manufacturer Ballin. Ballin in 1945Founded in Fiesso D’Artico in Venice, with 200 employees, it has been subcontracting products to several luxury brands, while also selling its own branded shoes.
Picture source/GettyImages
02 Tiffany claims that the chairman of the LVMH group maliciously lowered prices
Tiffany said in the latest litigation materials that Arnault has been rumored in the industry as a “hostile acquirer” and will ensure that the LVMH Group buys the target he personally wants at the lowest price at all costs. Both parties are currently preparing their respective litigation documents, and the case will be tried on January 5, 2021.
03 Li Ning is rumored to acquire Clarks, an old British shoe brand
According to foreign media reports, Lion Rock Capital is negotiating to acquire a stake in Clarks, a century-old British footwear brand. Also participating in the bid is Alteri Investors, a company that specializes in financing troubled retailers. It is reported that the discussion on the transaction will end next month.
The official website of Lion Capital shows that the current chairman of the company is Li Ning, the founder of the Li Ning brand.
Picture source/highstreetphoenix.com
04David Jones may give up selling flagship stores
In recent news, the Precision Group under billionaire Shuan Bonett has withdrawn from bidding for the property assets of retailer David Jones, and the scope of potential buyers has further narrowed.
The only other buyers who participated in the bidding earlier were Charter Hall, Victor Comino and Ashe Morgan.
Seven. Industry Trend
01Barclays: Turn an abandoned shopping center into a warehouse, or Resulting in a 90% reduction in its value
A new report from Barclays shows that turning a dead shopping center into a travel center, apartment complex, school or clinic may mean a substantial reduction in the value of real estate.
The company pointed out that transforming a closed shopping mall into an e-commerce warehouse or residential complex may shrink its value by 60% to 90%.
Barclays’ Commercial Mortgage-Backed Securities (or CMBS) team stated that about 30% of the CMBS commercial loans they track have defaulted or defaulted. The company predicts that 15% to 17% of shopping malls in the United States will need to be redeveloped for other purposes over the long term.
02 Causeway Bay’s retail rentals this year has fallen by about 41.3%, which may have “bottomed”
Dai De Liang Xing Hong Kong Retail Department Head and Executive Director Lin Yingwei to the mediaIt was pointed out that due to the impact of the epidemic and customs closures, visitors to Hong Kong have almost disappeared, and the market consumption power is weak. The rent of shops in Causeway Bay has fallen by about 41.3% so far this year.
He said that in the third quarter, the rents of shops in various districts in Hong Kong continued to fall, ranging from 3.5% to 7.9%. Among them, Causeway Bay had the largest decline, with a month-on-month drop of 7.9%. However, he expects that after a cliff-like decline, the rent level is expected to gradually stabilize in the next quarter, and believes that the market is close to “bottoming out.”
Eight, macro section
01The epidemic has rebounded severely, and many places in Europe have imposed curfews
Europe is undergoing a fierce counterattack against the second epidemic. France, Italy, the United Kingdom, and Spain have adopted curfews, isolation and other control measures to prevent the epidemic from worsening.
02 Victoria, Australia, is officially unblocked! Restaurants and all retail businesses are allowed to open
According to the details of the “unblocking” announced by the Governor of Victoria, Daniel Andrews, the restrictions that Victoria will relax on November 1 include:
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Reopening of retail industry, including beauty salon services;
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Outdoor auction resumed, up to 10 people can be accommodated, and appointments are accepted;
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Restaurants and cafes will resume operations, with a maximum of 20 people indoors and 50 people outdoors (mainly providing outdoor services);
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Resume personal or automatic car wash and swimming pool cleaning services, allow mobile or family business pet grooming services, allow outdoor photography, and fully restore medical and health services.