Retail news: mall and brand expansion

Simon Property Group Inc. (SPG) is set to relaunch and market its brand in a bid to secure its customer relationships.

Budapest and Hungary’s biggest shopping mall, Arena Plaza, which is managed by Cushman & Wakefield and owned by Lanebridge Investment Management Limited, is currently being transformed.

Dar Al Arkan Real Estate Development Co. (ALARKAN) is set to sell a US dollar sukuk, due 2019. 

American Realty Capital Properties Inc, the largest single-tenant real estate owner in the US, is set to sell the bulk of its shopping centers to Blackstone Group for $1.98bn.

The UK luxury fashion brand, Burberry, has reported an increase in annual revenue and profits.

SMRT Alpha has announced the opening of a retail mall in Singapore’s Sports Hub, Kallang Wave, during June.

Israeli startup, Shopcloud, is launching ‘Inside’. 

Can you still call a Segway a Segway if it only has three wheels?  

The multicultural supermarket chain, Tanger Markt, is seeking to expand into the foreign market as soon as possible. 

The acquisition of German retail property has increased two-fold during the first quarter. 

The Italian fashion group, Armani, has seen record sales of around €2.19bn during the 2013 fiscal year.

Retail reports attract a lot of attention as consumer spending is very important when assessing the overall economy.