|By PR Newswire||
|November 16, 2012 09:16 AM EST||
CANNES, France, Nov. 16, 2012 /PRNewswire/ -- The booming Russian retail market, coupled with digital developments and the continued demand for prime, centre city retail locations, were the talking points of MAPIC 2012, where representatives from some 70 countries gathered for three days of high-octane business discussions.
Under clear Cote d'Azur skies, 8,500 delegates (+6,2%), including 2,400 retail representatives and 850 investors, met in Cannes, with no fewer than 400 retail brands, including the likes of Calvin Klein Jeans, Costa, Tiffany & Co and Dairy Queen, making their first appearance at MAPIC. The biggest attendance surge came from the United States. The US delegation of 113 companies represented a 39% increase on 2011.
"We have seen a significant jump in American participation this year, driven by interest from retail brands and investment companies," confirmed MAPIC Director Nathalie Depetro. Major US names on the exhibition floor included Howard Hughes, Vornado Realty Trust and Thor Equities, which recently opened a Paris-based office to expand its European business and to encourage European retailers to enter the US market.
As MAPIC progressed, real estate financial and professional services companies CBRE, Cushman & Wakefield, Jones Lang LaSalle, BNP Paribas Real Estate and Savills rolled out their latest retail real estate reports. They concluded that strong demand from luxury and fashion brands and a shortage of available premium space in prime centre city locations has seen rents rising in key cities including New York, Hong Kong, London, Paris, Moscow, Milan and Madrid.
One of the territories drawing most attention throughout the week was Russia, the 2012 MAPIC Country of Honour and Europe's leader in terms of projected retail real estate investment. Russian participation rose 28%, with 294 companies in Cannes.
According to the country's State Statistics Service, retail sales in Russia rose 4.4% in September compared to 12 months ago and overall retail sales for the first half of 2012 increased by 7.3%. "With disposable incomes growing and a growing middle class, Russia is predicted to become Europe's leading retail market," commented Robert Bronwell, CEO EMEA Retail at Jones Lang LaSalle (JLL).
In his packed keynote address, Cushman & Wakefield's Head of Retail in Russia, Maxim Karbasnikoff, said one current trend among retailers is to target second tier cities. "In some small cities there is almost nothing. We'll see a shift in cities like this in the next three to five years." He added that there is a significant growth in outlet stores, a previously under-used format in Russia where some 100,000 sq m of outlet development is due to be completed by the end of 2013. Cushman & Wakefield data, released during MAPIC, reported retail property investment in Russia hit a record €4 billion for the first nine months of 2012.
Among the major retail names with expansion plans in the Russian market are Auchan, which is opening its first Auchan Drive outlet in Moscow next year, Spanish fashion chain Inditext, which has plans for 50-60 new stores, DIY retailer Leroy Merlin and fast food specialist Burger King.
Russian powerhouse real estate developer Tashir, whose President Samvel S. Karapetyan was the MAPIC 2012 Personality of the Year, brought nine new projects to MAPIC, four of which are in Moscow. Speaking in Cannes, Tashir's Vice President, Artak Evoyan, said the company plans to increase its retail real estate business in the Russian capital from 50% to 70% of Tashir's total portfolio, with one million sq m currently in development.
Not surprisingly, one of the hottest subjects for conversation in Cannes was how retailers manage the marriage of physical stores and online retailing. For the first time, MAPIC hosted the inaugural Digital Summit where Pamela Wolf, Partner of Digital Business at consultancy Invalio, urged retailers to move fast to embrace the digital landscape. Clem Constantine, Property Director at Marks & Spencer, which has been praised for its online stores, said that one challenge facing landlords is identifying where revenues are generated, as clients habits vary between shopping online and collecting goods in shops or checking out goods in retail stores before completing purchases via the web.
In a standing-room-only MAPIC keynote address, Robert Tercek, Founder of General Consulting Creativity, asked his audience, "Your customer has evolved. Have you?" He noted that retailers are adopting three strategies towards digital shopping – pretending it's not happening, making empty gestures by setting up un-empowered digital teams, or embracing change. He warned retailers not to try to go head-to-head with digital on price, product and data, but to capitalise on the unique in-store experience of human contact, advice, and bespoke services.
In particular, Robert Tercek urged retailers to put the mobile phone at the heart of their digital strategy. "50% of customers in your store are using mobile phones and 50% of them are shopping on that phone." He said brands needed to significantly up their game in the social media field, where he cited Red Bull, Burberry and Zara as good examples of brands successfully interacting with clients and using social media as valuable marketing tools.
Throughout MAPIC, the major real estate financial and professional service companies released a series of market reports covering aspects of the industry.
In its survey of 100 leading retailers, 'How Active are Retailers in EMEA,' CBRE noted a continued appetite for expansion, with 75% of companies planning to open five or more stores and 20% aiming to open 30 stores or more, with Germany, Austria, the Netherlands and the UK as favoured targets. Peter Gold, Head of Cross-Border Retail EMEA at CBRE, commented that online shopping drives traffic to stores. He said the news is that multi-channel will lead to greater investment in new and existing stores.
JLL's Destination Europe 2013 report noted that Paris now commands the highest retail rentals in Europe, followed by Zurich and London. Paris' Champs Elysees this year set a new record for the French capital with prices hitting €18,000 per sq m according to BNP Paribas Real Estate. BNP Paribas said that expansion of fashion retail brands and a shortage of prime supply is pushing rents up in Germany, France and central London.
To access a selection of MAPIC photographs click here
Discover the MAPIC Awards winners click here
MAPIC 2013 will take place in Cannes November 13-15 2013.
Founded in 1963, Reed MIDEM is a leading organiser of professional, international tradeshows. Reed MIDEM events have established themselves as key dates in professional diaries. The company hosts MIPTV, MIPDOC, MIPCOM, and MIPJUNIOR for the television and digital content industries, MIDEM for music professionals, MIPIM, MIPIM Asia and MAPIC for the property and retail real estate sectors.
Reed MIDEM is a division of Reed Exhibitions, the world's leading events organizer, with over 500 events in 39 countries. In 2011 Reed brought together six million active event participants from around the world generating billions of dollars in business. Today Reed events are held throughout the Americas, Europe, the Middle East, Asia Pacific and Africa and organized by 33 fully staffed offices. Reed Exhibitions serves 44 industry sectors with trade and consumer events and is part of the Reed Elsevier Group plc, a world-leading publisher and information provider and a FTSE 100 company.
SOURCE Reed MIDEM
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, data security and privacy.
Jan. 30, 2015 10:00 PM EST Reads: 2,869
Technology is enabling a new approach to collecting and using data. This approach, commonly referred to as the "Internet of Things" (IoT), enables businesses to use real-time data from all sorts of things including machines, devices and sensors to make better decisions, improve customer service, and lower the risk in the creation of new revenue opportunities. In his General Session at Internet of @ThingsExpo, Dave Wagstaff, Vice President and Chief Architect at BSQUARE Corporation, discuss the real benefits to focus on, how to understand the requirements of a successful solution, the flow of ...
Jan. 30, 2015 03:45 PM EST Reads: 3,143
Cloud Expo 2014 TV commercials will feature @ThingsExpo, which was launched in June, 2014 at New York City's Javits Center as the largest 'Internet of Things' event in the world.
Jan. 30, 2015 03:15 PM EST Reads: 3,519
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 30, 2015 02:30 PM EST Reads: 2,707
Performance is the intersection of power, agility, control, and choice. If you value performance, and more specifically consistent performance, you need to look beyond simple virtualized compute. Many factors need to be considered to create a truly performant environment. In his General Session at 15th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, discussed how to take advantage of a multitude of compute options and platform features to make cloud the cornerstone of your online presence.
Jan. 30, 2015 02:15 PM EST Reads: 3,239
In this Women in Technology Power Panel at 15th Cloud Expo, moderated by Anne Plese, Senior Consultant, Cloud Product Marketing at Verizon Enterprise, Esmeralda Swartz, CMO at MetraTech; Evelyn de Souza, Data Privacy and Compliance Strategy Leader at Cisco Systems; Seema Jethani, Director of Product Management at Basho Technologies; Victoria Livschitz, CEO of Qubell Inc.; Anne Hungate, Senior Director of Software Quality at DIRECTV, discussed what path they took to find their spot within the technology industry and how do they see opportunities for other women in their area of expertise.
Jan. 30, 2015 01:45 PM EST Reads: 2,370
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential.
Jan. 30, 2015 01:15 PM EST Reads: 2,623
Wearable devices have come of age. The primary applications of wearables so far have been "the Quantified Self" or the tracking of one's fitness and health status. We propose the evolution of wearables into social and emotional communication devices. Our BE(tm) sensor uses light to visualize the skin conductance response. Our sensors are very inexpensive and can be massively distributed to audiences or groups of any size, in order to gauge reactions to performances, video, or any kind of presentation. In her session at @ThingsExpo, Jocelyn Scheirer, CEO & Founder of Bionolux, will discuss ho...
Jan. 30, 2015 01:15 PM EST Reads: 2,029
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
Jan. 30, 2015 01:00 PM EST Reads: 4,135
We’re no longer looking to the future for the IoT wave. It’s no longer a distant dream but a reality that has arrived. It’s now time to make sure the industry is in alignment to meet the IoT growing pains – cooperate and collaborate as well as innovate. In his session at @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, will examine the key ingredients to IoT success and identify solutions to challenges the industry is facing. The deep industry expertise behind this presentation will provide attendees with a leading edge view of rapidly emerging IoT oppor...
Jan. 30, 2015 12:45 PM EST Reads: 1,928
“With easy-to-use SDKs for Atmel’s platforms, IoT developers can now reap the benefits of realtime communication, and bypass the security pitfalls and configuration complexities that put IoT deployments at risk,” said Todd Greene, founder & CEO of PubNub. PubNub will team with Atmel at CES 2015 to launch full SDK support for Atmel’s MCU, MPU, and Wireless SoC platforms. Atmel developers now have access to PubNub’s secure Publish/Subscribe messaging with guaranteed ¼ second latencies across PubNub’s 14 global points-of-presence. PubNub delivers secure communication through firewalls, proxy ser...
Jan. 30, 2015 12:45 PM EST Reads: 1,736
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Jan. 30, 2015 12:00 PM EST Reads: 8,059
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective storage designed to handle the massive surge in back-end data in a world where timely analytics is e...
Jan. 30, 2015 12:00 PM EST Reads: 2,683
"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 30, 2015 11:45 AM EST Reads: 3,634
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges. In his session at @ThingsExpo, Jeff Kaplan, Managing Director of THINKstrategies, will examine why IT must finally fulfill its role in support of its SBUs or face a new round of...
Jan. 30, 2015 11:45 AM EST Reads: 2,791
The BPM world is going through some evolution or changes where traditional business process management solutions really have nowhere to go in terms of development of the road map. In this demo at 15th Cloud Expo, Kyle Hansen, Director of Professional Services at AgilePoint, shows AgilePoint’s unique approach to dealing with this market circumstance by developing a rapid application composition or development framework.
Jan. 30, 2015 11:30 AM EST Reads: 2,337
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
Jan. 30, 2015 11:30 AM EST Reads: 3,062
ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ -- IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's platform-as-a-service. The new platform enables developers to build ap...
Jan. 30, 2015 11:15 AM EST Reads: 3,170
Building low-cost wearable devices can enhance the quality of our lives. In his session at Internet of @ThingsExpo, Sai Yamanoor, Embedded Software Engineer at Altschool, provided an example of putting together a small keychain within a $50 budget that educates the user about the air quality in their surroundings. He also provided examples such as building a wearable device that provides transit or recreational information. He then reviewed the resources available to build wearable devices at home including open source hardware, the raw materials required and the options available to power s...
Jan. 30, 2015 11:00 AM EST Reads: 2,450
The Internet of Things promises to transform businesses (and lives), but navigating the business and technical path to success can be difficult to understand. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, demonstrated how to approach creating broadly successful connected customer solutions using real world business transformation studies including New England BioLabs and more.
Jan. 30, 2015 10:45 AM EST Reads: 2,698