Retail news: mall and brand expansion

Ireland’s most successful center is due to be placed for sale at a price up to €1bn, with the expectation of bids from Asian wealth funds.

An announcement of a planned $80m entertainment district by Cherokee Nation Businesses will potentially create 1000 jobs.

Ocado has felt the pinch of the supermarket price war and has revealed that their average grocery order size has decreased.

Next, the clothing retailer, is set to target wealthier shoppers and will soon be carrying £150 evening dresses and £300 suits, which is set to compete directly with the Autograph label at Marks & Spencer.

The first LEGOLAND in the Middle East is set to open in Dubai as part of a new £1.7bn tourism complex.

Recently released figures indicate that shopping center transactions are set to break records during this year.

Citycon and NCC Property Development have signed a joint venture agreement to redevelop and let the Mölndals Galleria.

The largest furniture company in the world, Ikea, has proved very popular in the ever-growing Chinese middle class.

JLL Retail has announced the entry of a new partnership with McGavren Guild Malls LLC in a bid to generate alternate revenue opportunities for retail investor clients.

Selfridges, in their normal innovative manner, has decided to add to its amenities by opening a first of its kind cinema.

The new retail zone at JCube, J. Avenue, has opened with Flipbooth, Social Wall and Joy Box vending machine.

Phase two of the expansion project Dubai Festival City Mall is set to be launched.