In the quest for growth, food retailers are on the heels of the fashion industry expanding globally and combining technology, gastronomy and a bit of psychology to entice, entertain and satisfy, according to a new report by JLL released today. Like its fashion counterpart, international food and beverage expansion is being fueled by low growth in US and Western European markets, an increase in globalization and tourism, and the rapid rise… Read More
JLL’s Destination Retail report unveils top global growth markets for retailer expansions
The global retail landscape is expected to change significantly over the next 10 years, as a fast-growing middle class in emerging markets attracts retailers hungry for growth, according JLL’s Destination Retail report. But as companies seek out these… Read More
More than 30 years ago a man named Tommy Hilfiger changed men’s apparel by modernizing the standard button-down shirt and chino pant into fitted and designed apparel. It hallmarked the movement of bringing classic “American cool” to the world, and today Tommy Hilfiger ranks as the top global retailer with stores in 94 percent of the top 140 cities around the world, according to JLL’s Destination Retail 2016 report. The report… Read More
What does it take for a retailer to be successful when expanding globally? At ICSC RECon today, Holly Cohen, Vice President of Global DTC Real Estate and Store Construction for Nike Inc., Karen Janes, Senior Vice President of Global Real Estate for Ralph Lauren, Michael Chu’di Ejekam, Chief Executive Officer of Atreos in Lagos, Nigeria and David Zoba, Chairman of JLL’s Global Leasing Board shared their insights.
Five key takeaways… Read More
Many say success is a journey, not a destination, but according to JLL’s latest report – the destination is everything. JLL’s Destination Retail report, which looks at the top cities worldwide for retailing, shows 50 major global cities have risen to the top of the list for mainstream, premium and luxury retailers’ expansions. While the list is dominated by cities in Asia Pacific, those in the Middle East are coming on… Read More
When the Prada store in Tokyo opened its doors in 2003, it made headlines for its avant-garde style, something that really struck a chord with Naveen Jaggi, President, Retail Brokerage at JLL Americas, when he first saw it.
“It doesn’t have to compete with anything nearby for eye contact: it makes a statement by itself, which in turn is both brave and… Read More
JLL’s retail leadership has been vocal about the company’s intent to serve as a global industry leader in retail real estate services. In the last 18 months, the firm has made strategic investments in top talent to expand its retailer representation business worldwide, and today marks another milestone. Industry heavyweight David Zoba joins JLL… Read More
1. CROSS BORDERS, CAREFULLY: An expansion outside the relative comfort zone of the United States takes a great deal of study, patience and planning. Most foreign retailers that expand into the U.S. spend 12-24 months on research and due diligence before they even consider possible sites for their stores. U.S. retailers who want to cross borders would be wise to adopt a similar strategy.… Read More
A recurring trend throughout the conference was that pure play commerce is no longer enough to sustain a retailer. Complementing a Bricks and Mortar with an e-commerce presence is a necessity for survival, and the opposite is trending to be true as well. Online-only retailers like, Warby Parker and Bonobos are prime examples of online… Read More
Foreign retailers are flocking to Australia to invest in bricks and mortar after finding their feet online, according to retail experts at JLL. E-commerce adoption in Australia is high – largely because of its remote geography – and online shoppers spend more per purchase than anywhere else in the world. As a result, city high… Read More