Jysk Opens Six New Stores in a Single Day in the Benelux
Jysk opened six Benelux stores in a single day, converting former Leen Bakker locations into its own format. The openings include four Dutch sites—Amsterdam, Leek, Veendam and Zierikzee—and two Belgian stores in Dendermonde and Marche‑en‑Famenne. The chain now operates 108 stores in the Netherlands, targeting at least 140, and 78 in Belgium, aiming for 125. Upcoming openings are scheduled for Meppel, Barneveld, Sint‑Truiden and former Shopping Cora sites later this year.
Hermès Is Also Experiencing a Decline in Sales Due to the War in Iran
Hermès reported first‑quarter revenue of €4.07 billion (≈ $4.44 billion), a 1% decline from €4.13 billion the prior year. Adjusted for exchange rates, the group posted 6% growth, but that still missed analyst expectations. The slowdown is linked to the war in Iran, which...
Carrefour Is Now Launching in Guinea and Nigeria
Carrefour opened its first supermarket in Conakry, Guinea, on April 15, 2026, partnering with the local Imperial group to convert seven existing stores to the Carrefour format. The retailer will launch its inaugural Nigerian store in September, working with Hypercity to rebrand...
Gucci Remains a Concern for Luxury Group Kering
Kering reported a 6% drop in first‑quarter 2026 revenue to €3.57 billion (about $3.86 bn). Its flagship label Gucci fell 14% to €1.3 billion (roughly $1.40 bn), an 8% decline on a constant‑currency basis. While the fashion and leather‑goods segment slipped 9%, other houses...
Morrisons to Cut 200 Jobs at Its Headquarters
Morrisons announced the elimination of roughly 200 positions at its Bradford headquarters, representing just under 10 % of the site workforce. The cuts are part of a year‑long transformation programme aimed at modernising central services through automation and AI. A formal...
Yet Another Chinese E-Commerce Platform Heading West: RedNote Launches Redshop
Chinese social‑commerce giant Xiaohongshu, known as RedNote, is set to roll out Redshop, a cross‑border e‑commerce platform, in June. The initial launch will feature a curated group of sellers focused on artisanal and handmade goods. Redshop will debut in eight...
Deposit Specialist Le Fourgon Makes a Spanish Acquisition
Le Fourgon, the French sustainable e‑commerce firm that delivers goods in reusable packaging with electric vans, is acquiring Spanish startup Re‑pot Market through a share swap. The Barcelona‑based company adds roughly €1 million ($1.08 million) in revenue and is already profitable. Le...
140 New Store Openings Planned for Women’secret, Springfield, and Cortefiel
Spanish fashion group Tendam, owner of Women’secret, Springfield and Cortefiel, announced plans to open roughly 140 new stores in 2026—almost three times the pace of 2025. The retailer already runs more than 1,800 locations across 80 markets and will focus...
Kiabi Is Now Launching in Switzerland
French discount fashion retailer Kiabi is entering the Swiss market with two flagship stores opening on April 24, 2024, in Neuchâtel’s Marin Centre and Fribourg Sud. Both locations, operated by Migros and Coop respectively, will offer the full Kiabi range, Click & Collect,...
Maisons Du Monde Launches New Concept in Spain as Financial Pressure Mounts
French furniture retailer Maisons du Monde is rolling out a new experiential store concept in Madrid, marking the first of several renovations across Spain. The redesign focuses on immersive, tactile displays to inspire shoppers and create a welcoming atmosphere. At...
Dairy Giant Arla Scraps Planned Danish Merger
Arla Foods announced it is abandoning its planned merger with fellow Danish dairy producer Them Mejeri after facing opposition from competition authorities. The two companies had intended to combine operations to form Denmark's second-largest dairy group, targeting significant cost synergies....
Carrefour Offloads Dozens of Hypermarkets and Supermarkets in France
Carrefour will hand over at least eight hypermarkets and 36 supermarkets in France to independent operators this year, using a location‑gérance model that retains ownership of assets while outsourcing day‑to‑day management. This is the ninth wave of privatizations since CEO...
Will Real Estate Mogul’s Bankruptcy Drag Down Brussels’ Louise District?
Brussels commercial real estate giant Sogefibel, the holding company of Gérald Hibert’s portfolio, has filed for bankruptcy, carrying roughly €900 million (about $980 million) in debt. The filing puts iconic assets such as the Galeries Louise shopping arcade and the Toison d’Or...
Leen Bakker and Kwantum Promise to Keep Their Doors Open
Homefashion Group, the owner of Dutch home‑goods chains Le Bakker and Kwantum, told customers and staff that no additional store closures are planned for the near term. The reassurance follows a turbulent period that saw the Belgian arm of Le Bakker file...
Mango Has No Plans for Acquisitions: “Sufficient Growth Potential”
Spanish fashion retailer Mango announced it will not pursue acquisitions or an initial public offering, opting to grow organically under CEO Toni Ruiz’s long‑term vision. The company posted a record €2.3 billion (≈ $2.5 billion) revenue last year and now operates over 2,200 stores...
