Money Buzz! Europa

Tag: retail italy

  • Immofinanz adds Italy to its Stop Shop retail park portfolio

    Immofinanz adds Italy to its Stop Shop retail park portfolio

    Immofinanz‘s first acquisition in this country is the fully occupied Parco Fiore in the north Italian city of San Fior with roughly 27.000 sqm of rentable space.

    The retail park, which was completed in two phases during 2017 and 2019, had a sale price of approximately EUR 35.0 million.

    Stop Shop San Fior is located 37 kilometers north of Treviso and 60 kilometers north of Venice, in the heart of the Veneto region.

    Tenant mix include international retailers like C&A, Takko, MediaWorld, Decathlon, Roadhouse Grill and Burger King plus well-known Italian brands.

    The remaining term of the rental agreements (WAULT) totals roughly 7,7 years.

    Immofinanz‘s Stop Shop portfolio includes 99 retail parks in ten countries: Slovakia (16), Slovenia (14), Hungary (14), Serbia (14), Austria (13), Czech Republic (12), Poland (10), Croatia (4), Italy (1) and Romania (1).

  • SPAR Italy named Retailer of the Year 2020-2021 in the ”supermarket” category

    SPAR Italy named Retailer of the Year 2020-2021 in the ”supermarket” category

    SPAR Italy, locally known as DESPAR, has been recognised as retail brand of the year for the year 2020-2021 in the ”supermarket” category.

    The criteria voted upon included price, assortment, service, communications, shopping convenience, and look-and-feel.

    Other factors that contributed to SPAR Italy’s success were the quality and variety of its own brand products and the brand’s initiatives to add value to its local communities.

    Retailer’s health and well-being product offering, as well as its commitment to environmental sustainability, were also deciding factors.

    In Italy, the award was launched in 2008 as ”Retailer of the Year” and is currently known as ”Insegna dell’anno”.

    For this year’s Italy edition, the organisers evaluated 543 retail brands across the various categories, which embrace both food and non-food retail.

    Over 205,000 votes were expressed earlier this year by Italian consumers.

  • Young users to top up their exchange account directly at the supermarket checkout

    Young users to top up their exchange account directly at the supermarket checkout

    For Young customers, an Italian fintech startup operating in the cryptocurrency industry, after the collaboration with viacash, a new top-up method is now available as an alternative to the traditional bank transfer.

    Users will be able to top up their exchange account directly at the supermarket checkout.

    There are over 600 affiliated shops between Penny Market and Pam distributed across the country.

    The customer need to geolocate in the chosen Penny Market or PAM store, insert the amount you want to load and generate a barcode to show at the checkout. At this point you can complete the payment in cash. 

    The opportunity to top up your account at the supermarket is an addition to the recent introduction of debit cards, credit cards and Apple Pay to purchase the main cryptocurrency in a simple and immediate way.

    Young is an Italian fintech startup based in Turin and London which mission is to make the world of cryptocurrency accessible.

    The startup has reached an evaluation of 10 million Euros, launching 2 crypto-exchanges on the market.

  • In June, retail index in Italy +12.1% over May and -2,2% year on year

    In June, retail index in Italy +12.1% over May and -2,2% year on year

    In June 2020 retail trade in Italy continued its recovery after sharp falls due to the pandemic emergency, shows latest Istat data.

    However, levels of total sales in the month on month series remained lower than levels recorded at the beginning of 2020, before Covid-19 outbreak. Compared with May 2020, estimates of value grew by 12.1%, while volume of sales rose by 12.5%.

    In the second quarter of 2020 the seasonally adjusted index showed a decline, as value of sales decreased by 7.9% and volume dropped by 8.8% compared with the first quarter of 2020.

    In June 2020, value and volume of sales contracted in the year on year series by 2.2% and by 3.5% respectively, after a steeper decline reported in April and May 2020.

    Comparing with the same month a year earlier, large-scale distribution fell by 1.8%, small-scale distribution decreased by 6.4% and non-store sales was down 5.9%.

    Internet sales reached a record 53.5% when compared with June 2019, confirming a shift within the retail trade to online sales.

    Looking at the value of sales for non-food products, data outlined a mixed picture across different categories in the year on year series.

    Growths were reported for Computers and telecommunications equipment (+15.1%) and Furniture and textile items and household furnishings (+10.4%). The largest drops were reported for Shoes, leather goods and travel items (-12.8%) and Clothing (-12.3%).

  • Italy: Retail trade index rose by 24.3% in May 2020

    Italy: Retail trade index rose by 24.3% in May 2020

    In May 2020 value of Istat retail trade index rose by 24.3% in the month on month series, after plummeting at record levels in March and April, due to restrictions and temporary closure of stores during Covid-19 pandemic.

    Volume of sales grew by 25.2% when compared to the previous month.

    Despite the increase in the month on month series, the underlying pattern in the three months to May 2020 shows a decline, as both value and volume of sales fell by 20.6% and 21.8% respectively.

    When compared with May 2019, the value of sales dropped by 10.5% and the volume was down 11.9%

    Internet sales increased by 41.7% when compared with the same month a year earlier, the highest growth on record, suggesting a shift within the retail trade to online sales.

    Looking at the value of sales for non-food products, a fall was seen across most of the categories in the year on year series.

    This drop resulted in low levels for Clothing (-38.1%), Optical instruments and photographic equipment (-37.4%), Shoes, leather goods and travel items (-34.8%). Growths were registered for Computers and telecommunications equipment (+12.4%) and Tools (+5.6%).

  • Retail trade index sharply declined by 10.5% in Italy

    Retail trade index sharply declined by 10.5% in Italy

    Istat shows that in April 2020 estimates for retail trade index sharply declined by 10.5% in value terms in the month on month series, after decreasing by 21.3% in March 2020, as numerous stores stayed shut due to lockdown measures contrasting the Covid-19 outbreak.

    Likewise volume of sales decreased by 11.4% when compared to the previous month.

    In the three months to April 2020, both value and volume of sales dropped by 15.8% and 16.6%, respectively.

    Year-on-year value of sales was down 26.3%, while volume reached -28.1% when compared with April 2019. Food sales increased by 6.1% in value terms, while non-food sales plunged by 52.2%.

    In April 2020, non-store sales suffered a drop of 45.2% compared with April 2019.

    Online sales increased by 27.1%

    Despite other channels of distribution experienced a significant decline, online sales increased by 27.1% when compared with the same month a year earlier.

    Looking at the value of sales for non-food products, all categories fell dramatically in the year-on-year series.

    This drop resulted in extremely low levels for shoes, leather goods and travel items (-90.6%), furniture and textile items and household furnishings (-83.6%), clothing (-83.4%) and sporting equipment, games and toys (-82.5%), while pharmaceutical products was the category suffering the least with a negative 3.5%.