PHILIPPINES: SM Prime to invest at least PHP50 billion per annum to support its developmental goals

Pasay City, Philippines, 2017-Apr-27 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), the Philippines’ leading integrated property company, plans to spend at least PHP50 billion per annum over the next two years to support its developmental goals. SM Prime allocates 80% of its capital expenditure on project developments, mostly for mall and residential […]

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PHILIPPINES: SM Investments Corporation announces key organizational changes

Pasay City, Philippines, 2017-Apr-27 — /EPR Retail News/ — The Board of Directors of SM Investments Corporation (SM) announced key organizational changes that will support the company’s next phase of growth. The Board has already conferred upon Mr. Henry Sy, Sr. the role of Chairman Emeritus, in recognition of his role as the founder of SM […]

1,200 total views, 631 views today

The foundation stone for Silicon Mall by the LuLu Group laid at Dubai Silicon Oasis

The foundation stone for Silicon Mall by the LuLu Group laid at Dubai Silicon Oasis   Abu Dhabi, UAE, 2017-Apr-26 — /EPR Retail News/ — His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman, Chief Executive of Emirates Airlines & Chairman of Dubai Silicon Oasis Authority DSOA, the regulatory body […]

1,720 total views, 8 views today

The new extension to the BAB 2 shopping centre unveiled with architecture featuring Basque colours

Boulogne-Billancourt, France, 2017-Apr-21 — /EPR Retail News/ — Teams from Carmila and Carrefour Property have just unveiled the new extension to the BAB 2 shopping centre. With 40 new stores and an extra 10,000 m², the shopping centre’s unusual architecture features typically Basque colours. It has a total complement of 120 stores, restaurants and services for […]

4,355 total views, 8 views today

Macerich Company to pay $.71 dividend per share of common stock

SANTA MONICA, Calif., 2017-Apr-21 — /EPR Retail News/ — The Board of Directors of the Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $.71 per share of common stock.  The dividend is payable on June 2, 2017 to stockholders of record at the close of business on May 5, 2017. Macerich, an S&P 500 company, […]

3,204 total views, 8 views today

Iso Omena shopping centre in Helsinki completes its extension and (re)development project

HELSINKI, Finland, 2017-Apr-21 — /EPR Retail News/ — The second phase of the extension and (re)development project of Iso Omena shopping centre located in Matinkylä, Helsinki area is now complete and the expanded shopping centre opened today, 20 April. Iso Omena is currently almost fully leased, with an occupancy rate of 98%. Iso Omena has over […]

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Majid Al Futtaim launches its Net Positive strategy

Majid Al Futtaim launches its Net Positive strategy   Dubai, UAE, 2017-Apr-19 — /EPR Retail News/ — Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, has today ( APRIL 18, 2017) launched its Net Positive strategy in the presence of Dr. Thani Ahmad Al […]

2,085 total views, 6 views today

Carrefour Hypermarket To Open Soon in Dubai Festival City

Dubai, United Arab Emirates, 2017-Apr-17 — /EPR Retail News/ — Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East, Africa and Asia, announced today ( APRIL 13, 2017) that Carrefour Hypermarket in Dubai Festival City will be opening soon, increasing the number of its hypermarkets in the UAE to 23. […]

1,832 total views, 3 views today

Majid Al Futtaim Fashion to debut American homeware and furniture brand Crate and Barrel in Doha Festival City

Majid Al Futtaim Fashion to debut American homeware and furniture brand Crate and Barrel in Doha Festival City   Dubai, UAE, 2017-Apr-04 — /EPR Retail News/ — Majid Al Futtaim, the leading shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa and Asia, today announced the signing of an agreement with Crate […]

2,091 total views, 6 views today

Majid Al Futtaim Cinemas win the Global Achievement in Exhibition award for its VOX Cinemas brand in the Middle East

DUBAI, UAE, 2017-Mar-29 — /EPR Retail News/ — Majid Al Futtaim Cinemas, owner of the VOX Cinemas brand in the Middle East, scooped up the Global Achievement in Exhibition award at the CinemaCon convention, the largest and most important gathering for the worldwide motion picture theatre industry, which took place in Las Vegas on March 27th. […]

3,676 total views, 8 views today

British Land announces six new signings and upsizes as refurbishment moves into its next phase at Meadowhall

LONDON, 2017-Mar-29 — /EPR Retail News/ — British Land, joint owner of Meadowhall, Yorkshire’s premier shopping destination, has announced six new signings and upsizes totalling over 85,000 sq ft as the £60 million refurbishment moves into its next phase. Primark is to extend its existing unit by 21,000 sq ft, creating a 95,500 sq ft flagship […]

1,985 total views, no views today

PHILIPPINES: SM Investments Corporation honored with seven awards during the 12th Corporate Governance Asia Recognition Awards 2016

PHILIPPINES: SM Investments Corporation honored with seven awards during the 12th Corporate Governance Asia Recognition Awards 2016   Pasay City, Philippines, 2017-Mar-24 — /EPR Retail News/ — SM Investments Corporation (SM) and its subsidiaries received seven awards from Hong Kong-based publication Corporate Governance (CG) Asia during the 12th Corporate Governance Asia Recognition Awards 2016 organized by […]

12,591 total views, 1 views today

PHILIPPINES: SM wins four awards at the PRSP Gabi ng Parangal 52nd Anvil Awards

PHILIPPINES: SM wins four awards at the PRSP Gabi ng Parangal 52nd Anvil Awards   Pasay City, Philippines, 2017-Mar-17 — /EPR Retail News/ — SM won four awards during the Public Relations Society of the Philippines’ (PRSP) Gabi ng Parangal 52nd Anvil Awards held last March 10, 2017. SM Investments Corporation was awarded for its website redesign […]

10,270 total views, 5 views today

QATAR: Al Meera opens its third branch in Al Wakra

DOHA, Qatar, 2017-Mar-15 — /EPR Retail News/ — As part of the Company’s ambitious expansion strategy being implemented to reach customers across all regions of the country, along with providing its exceptional services to various segments of society, Al Meera Consumer Goods Company (Q.S.C) has opened its new branch in Al Wakra (East), making it the […]

4,516 total views, 1 views today

LCP lands three-year lease with Babbaloos Bakery at The Pensnett Estate, Kingswinford

LONDON, 2017-Mar-13 — /EPR Retail News/ — A specialty cake-making company from Wolverhampton is hoping for a rise in business after taking on its first commercial unit to cope with a demand for its tasty bakes. Babbaloos Bakery, launched by friends Shelley Birch and Deborah Cox in 2015, is moving from Deborah’s home kitchen in Lanesfield, […]

3,137 total views, 1 views today

Majid Al Futtaim launches new marketing campaign to inspire people to spend more quality time with loved ones

DUBAI, UAE, 2017-Mar-10 — /EPR Retail News/ — Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, today launched a new regional marketing campaign designed to inspire people to spend more quality time with loved ones. The campaign is based on an insight confirmed by research […]

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PHILIPPINES: SM Investments Corporation announces an 8% growth in net income to PHP31.2 billion in 2016

Pasay City, Philippines, 2017-Mar-02 — /EPR Retail News/ — SM Investments Corporation (SM) reported an 8% growth in net income to PHP31.2 billion in 2016. Property accounted for 39% of total earnings, with banks comprising 37% and retail 24%. “Our core businesses performed well and continue to grow in line with the country’s strong economic development. […]

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PHILIPPINES: SM Prime announces a recurring net income growth of 14% in 2016 vs. previous year

Pasay City, Philippines, 2017-Feb-22 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), the Philippines’ leading integrated property company, registered a recurring net income growth of 14% in 2016 to PHP 23.8 billion from PHP 20.9 billion last year. Consolidated revenues grew 12% to PHP 79.8 billion in 2016 from PHP 71.5 billion in […]

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Mall Owners Look for Sales Data Capture at POS to Bridge Rental Loss

Chennai, India, 2017-Feb-16 — /EPR Retail News/ —  As commercial real estate growth remains sober in cities across India leading to high vacancy levels in Malls, space owners these days adopt new strategy to bring tenants to cover rental revenue loss. As per the new trend, retailers agree to pay less monthly rental but part […]

5,960 total views, 6 views today

British Land starts £23 million enhancement programme at New Mersey, Speke

British Land starts £23 million enhancement programme at New Mersey, Speke   London, 2017-Feb-15 — /EPR Retail News/ — British Land and Hercules Unit Trust (HUT) have started construction of a £23 million leisure extension at New Mersey, Speke. British Land is doubling the amount of food and drink across its retail portfolio over the next […]

3,756 total views, no views today

SM Aura Premier the first and sole mall in the Philippines to achieve LEED Gold certification

SM Aura Premier the first and sole mall in the Philippines to achieve LEED Gold certification   Pasay City, Philippines, 2017-Feb-10 — /EPR Retail News/ — SM Aura Premier is currently the first and sole mall in the Philippines to achieve LEED Gold in the retail sector and the largest LEED retail project in the Philippines […]

10,056 total views, no views today

Equity One, Inc. to announce its 2016 fourth quarter earnings on Tuesday, February 28, 2017

New York, NY, 2017-Jan-19 — /EPR Retail News/ — Equity One, Inc. (NYSE:EQY), an owner, developer, and operator of shopping centers, announced today ( January 17, 2017 ) that it will release its 2016 fourth quarter earnings on Tuesday, February 28, 2017 after the market close. ABOUT EQUITY ONE, INC. As of September 30, 2016, the […]

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SM Prime Holdings recognized as one of the 2016 Top Ten Successful ASEAN Countries Entering China

SM Prime Holdings recognized as one of the 2016 Top Ten Successful ASEAN Countries Entering China   Pasay City, Philippines, 2017-Jan-19 — /EPR Retail News/ — The year 2016 proved to be an auspicious one for Philippine brand SM Prime Holdings Co. Ltd. (SMPH), operator of SM Supermalls, which led to a recognition as one […]

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PREIT announces its proactive efforts to replace Sears stores in Capital City, Magnolia and Woodland Malls

PHILADELPHIA, 2017-Jan-05 — /EPR Retail News/ — PREIT (NYSE: PEI) released comments today (Jan. 4, 2017) on its proactive effort to replace Sears and the anticipated closures of three stores in its portfolio in 2017 (Capital City, Magnolia and Woodland Malls): “These store recaptures are an opportunity to continue to enhance the shopper experience, drive […]

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SM Vice Chairperson Teresita Sy-Coson honored with the Man of the Year award from the Management Association of the Philippines

SM Vice Chairperson Teresita Sy-Coson honored with the Man of the Year award from the Management Association of the Philippines   Pasay City, Philippines, 2016-Dec-13 — /EPR Retail News/ — Ms. Teresita Sy-Coson received this year the prestigious Man of the Year award from the Management Association of the Philippines (MAP), the same great honor bestowed […]

1,172 total views, no views today

FINLAND: Iso Omena shopping centre to complete extension and redevelopment in April 2017

FINLAND: Iso Omena shopping centre to complete extension and redevelopment in April 2017   Helsinki, 2016-Dec-13 — /EPR Retail News/ — Iso Omena is becoming a top leisure and entertainment centre in the Helsinki metropolitan area, reflecting Citycon’s strategic focus to combine everyday services and entertainment activities. Citycon’s extension and (re)development project at the Iso Omena […]

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SM founding Chairman Henry Sy, Sr. honored with Lifetime Achievement Award by Enterprise Asia

SM founding Chairman Henry Sy, Sr. honored with Lifetime Achievement Award by Enterprise Asia   Pasay City, Philippines, 2016-Dec-12 — /EPR Retail News/ — Enterprise Asia, a non-governmental organization based in Malaysia which organizes the world-class Asia Pacific Entrepreneurship Awards (APEA) recently honored retail pioneer Henry Sy, Sr. with a Lifetime Achievement Award on December 1, […]

1,141 total views, no views today

Lloyd Center invites families touched by ASD on November 20 to celebrate “Sensory Santa” Photo Event

Lloyd Center to Host ‘Sensory Santa’ Holiday Photo Event for Children with Autism Portland, OR, 2016-Nov-19 — /EPR Retail News/ — Considering approximately three to six children out of every 1,000 have been diagnosed with Autism Spectrum Disorder (ASD), it can be difficult for families of children with autism to enjoy some of the holiday celebrations and […]

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Lloyd Center re-opens the newly remodeled Lloyd Center Ice

LLOYD CENTER TO CONDUCT GRAND REOPENING OF ICE RINK PORTLAND, Ore., 2016-Nov-19 — /EPR Retail News/ — Lloyd Center is hosting a ribbon cutting ceremony to re-open the newly remodeled Lloyd Center Ice. Lloyd Center Ice has been under construction for approximately one year, and is almost ready to be unveiled to Portland! This famous ice […]

416 total views, 1 views today

SM Investments Corporation reports consolidated net income growth of 11% for the first nine months of the year

Pasay City, Philippines, 2016-Nov-09 — /EPR Retail News/ — SM Investments Corporation (SM) reported an 11% growth in its consolidated net income to PHP22.0 billion for the first nine months of the year. Recurring net income, net of one-time items, grew 9%.  Consolidated revenues grew 9% to PHP252.4 billion for the period from PHP230.8 billion. “Our […]

616 total views, 2 views today