Hartnell Taylor Cook’s Post

🌍 Exciting News in the Retail World! We’re thrilled to see TJX Companies, the powerhouse behind TJ Maxx, make a strategic move into the Middle East by acquiring a 35% stake in Dubai-based off-price chain, Brands for Less, for a remarkable $360 million! 🎉 This investment not only signifies TJX's confident entry into the Middle Eastern market but also underscores the growing demand for quality, discounted products in the region. Brands for Less, with its robust presence across seven markets and over 100 stores, has been a trusted name in the off-price retail space since its first store opened in Lebanon in 1996. As the retail landscape evolves, partnerships like this highlight the importance of bringing value-driven options to consumers worldwide. We look forward to seeing the positive impact this collaboration will have on the retail sector in the Middle East and beyond. What are your thoughts on this significant move? Let’s discuss! 👇 #RetailNews #MiddleEastMarket #TJX #BrandsForLess #RetailExpansion #BusinessGrowth

As Harvey Nichols staff face redundancies and Ted Baker goes into administration, is the retail sector in peril? We explore what went wrong with these retail giants and how retail professionals can navigate this ever-changing landscape in our newest blog: https://lnkd.in/gagVAyJ7 #retailnews #retailjobs #harveynichols #tedbaker #ukbusiness

📣 Exciting News! Lebanese🇱🇧born Toufic Kreidieh and Yasser Beydoun founders of Brands For Less Group have just sold 35% of its stake to The TJX Companies Inc., a move that underscores the value of strategic mergers. The Valuation of BFL after this merger is 1.2 Billion, which shows the partnership will enhance brands global, combine strengths, and drive even greater value customers. #MergersAndAcquisitions #RetailSuccess #StrategicGrowth #LinkedInTalent

Throughout my retail career, I have had the privilege of negotiating on behalf of my own companies (Foot Locker and Gap ) and then on behalf of our clients when I created my own business and businesses, the latter with a business partner focussing only on retailers. Successfully renegotiating existing lease terms and conditions for retailers and brands (long before the pandemic, which accentuated the issues) requires a unique set of skills, such as analytical, strategic, financial, legal, but the core ingredient is the human and interpersonal skill to achieve the outcomes required both for the landlords and our clients. In France, and across Europe, we have negotiated: Market exits for Tesco, Build-A-Bear Workshop, Ted Baker, among others; Store closures for Disney France, 7 For All Mankind, Mexx , Skagen, among others; Lease renegociations for TUMI, Fossil Group, Inc., Damart, GERARD DAREL, LA CURE GOURMANDE, Camaieu, Hard Rock Cafe, and others. We never share about current clients as confidentiality and discretion are our hallmark. We often work behind the scenes offering clients the knowledge, insights and solutions to achieve their objectives. In one case our client obtained twice as much in indemnity payment from the landlord than they were originally going to settle for thanks to the critical information and analysis we shared. Patience is THE key to the success of these kinds of intricate negotiations. Managing the client's expectations around speed, especially American clients, is not easy, as you explain to them how the market works, and why! If you are looking for a safe pair of hands reach out. If, on the other hand, you are looking to explore, or enter a new market across Europe, we are experts too! 😀 #leaserenegociations #successfulnegotiations #crossborderretail #topretailexpert #globalvoiceofretail CHRIS IGWE INTERNATIONAL

Earlier today, our Bentonville team conducted a store walk at a leading retailer. We prioritize staying current with the retail landscape so that we understand the specific and unique challenges, trends, and developments impacting your business. It was great to spot so many of our clients' products on the shelves, knowing they’re closing successful deals thanks to the strategies from our negotiation workshops! #negotiation #negotiationmastery #negotiationfoundations #wilsonnegotiationgroup #wng #negotiationtraining #storewalk #CPG

🛍️ Monday Market Insights - Melbourne's & Victoria's Retail Scene 🛍️ Continuing on the theme of the evolution of Large Format Retail (LFR), research undertaken by Deep End Services highlights the growth of "other tenants & trade supplies" particularly in Victoria. This category has doubled its floorspace in Victoria over the last decade. From 10.1% in 2014/15 to 21.2% in 2023/24, this aligns Victoria more closely with markets like Queensland and the ACT, where these groups already had a strong presence. To stay competitive in Melbourne's evolving retail landscape, stay tuned for more insights and updates in our upcoming posts!   #RetailProperty #MarketInsights #EconomicUpdate #LFR

RECENTLY CLOSED! 2 of 2 Multi-Tenant Retail Assets in St. Augustine, Florida. Marketing & Auction Stats: 🔐 309 Confidentiality Agreements Signed ✒️ 57 Fully Approved Bidders 💰 34 Total Bids 💲 $6,500,000 Winning Bid - All-Cash, Non-Contingent Deal Story: 📖 Property was 75% occupied at the time of sale. Starbucks end cap. Strong value add potential. Class A Real Estate. 21,570 Sq. ft. This was the second of two assets we sold for our client in the same Auction Event. We sold these individually, but in the same event, to get the timing benfit of a Portolio sale, and still achieve Individual Asset Pricing. We worked closely with the client (Federal Receiver) to ensure we followed the necessary processes and procedures established by the court, which resulted in a smooth closing for buyer and seller. Great execution by Simon V. Grigoryan, MBA, CCIM, CCIM Edwinn Bruchman and the RealINSIGHT Damian Smoter Team on this deal. Marcus Millichap, Orange County Marcus & Millichap Starbucks #CREAuctions #CommercialRealEstateAuctions #MultiTenantRetail

With Hudson's Bay Company's recent US$2.65 billion deal to acquire luxury department store Neiman Marcus, it's clear that the landscape of retail is ever-evolving. Interestingly, across the pond, independent department stores are defying the trend of decline, experiencing a resurgence as consumers rediscover their love for physical shopping. By honing in on local consumer preferences and investing in their stores, experiences, and brand relationships, these independents are thriving and hitting the sweet spot on local high streets. In some ways, this mirrors what we are seeing in Canada, with the growth of La Maison Simons and their bold moves into new markets across the country. Whether independent or not, what is clear is that client relationships and outstanding service are core to achieving positive results! (I am shamelessly plugging the need for great talent! 😂 ) #retail #departmentstores #retailcareers #retailrecruitment

How it should be done 👏🏼👏🏼