Retail news: mall and brand expansion

Coach Inc., the leather retailer, is in the process of developing plans for a multi-year transformation which will focus on a new branding strategy across the world.

Westfield Group, the shopping centre giant in Australia, has been given the shareholder go-ahead to split the empire. 

<p class="p1">Taubman Centers Inc. developed Stony Point more than ten years ago and is set to sell the mall along with six other centers to Starwood Capital Group. </p>

An affiliate linked to Starwood Capital Group is set to purchase a portfolio of seven malls in five different states from Taubman Centers Inc.Starwood Retail Partners is set to pay $785m in cash and either assume or repay $620m in debt for this deal.

Scotch & Soda are aiming to build a network of stores in mainland China, Taiwan, Macau and Hong Kong.

A Village of South Lebanon shopping center will see the opening of four new tenant’s stores by the close of the year.

Kimco Realty Corp. known as the largest publicly traded owner and operator of community shopping centers in North America, has confirmed the sale of four of its retail properties for a gross sum of 1.1bn Mexican pesos or $82.1m.

<p class="p1">In spite of recent improvement in the British retail sector, North and South of Foggy Albion present sharp contrast regarding the shop vacancy rate.</p>

<p class="p1">Only a few miles from the ancient pyramids but light years away from the spirits of the dead Cairo is erecting a whole new edifice.</p>

The winner of this year’s CANactionsYouth Competition is Valentyn Sharovatov who received the Dessau Institute of Architecture Prize.His “Extrasmall Shopping Mall” addresses the problems of building in cramped quarters.

<p class="p1">Forever 21, an apparel shop, is scheduled to open to open later in the year, PREIT reported.</p>

The last year, retail market was able to witness decent profits and growth that crawled into 2014. However, as consumer demand picks up its momentum, the sector responsible for supplies struggles to satisfy the market needs.