Welcome!

Symbian Authors: Jack Newton, Kevin Benedict, Matthew Lobas, Shelly Palmer, RealWire News Distribution

News Feed Item

Russia, Digital And Prime Locations The Talk Of Vibrant MAPIC

14 to 16 November 2012 - Palais des Festivals, Cannes

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.

For editors:

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.

www.mapic.com

  

SOURCE Reed MIDEM

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
SYS-CON Events announced today that Outlyer, a monitoring service for DevOps and operations teams, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outlyer is a monitoring service for DevOps and Operations teams running Cloud, SaaS, Microservices and IoT deployments. Designed for today's dynamic environments that need beyond cloud-scale monitoring, we make monitoring effortless so you ...
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,
China Unicom exhibit at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE FDD, TD-LTE), fixed-line broadband, ICT, data communica...
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, will discuss some of the security challenges of the IoT infrastructure and relate how these aspects impact Smart Living. The material will be delivered i...
Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing and analyzing streaming data is the Lambda Architecture, represent...
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningf...
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, will provide a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services ...
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, will posit that disruption is inevitable for c...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great dea...
SYS-CON Events announced today that Technologic Systems Inc., an embedded systems solutions company, will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Technologic Systems is an embedded systems company with headquarters in Fountain Hills, Arizona. They have been in business for 32 years, helping more than 8,000 OEM customers and building over a hundred COTS products that have never been discontinued. Technologic Systems’ pr...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
SYS-CON Events announced today that Loom Systems will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...