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Changing face of the U.S. retail landscape

A report by the Swiss multinational investment bank, UBS has found there were 115,000 shopping centres across the U.S. at the end of 2020, compared with 112,000 in 2010 and 90,000 in 2000. However, UBS has estimated that 80,000 retail stores will shut across the country by 2026. That assumes e-commerce sales rise to represent 27% of total retail sales, up from the current 18%.


PelleITALIA concept enters the Balkans

A joint-venture group that includes Italian tanning group, Gruppo Mastrotto has set-up a network of distribution centres across several Balkan countries to provide the local leather market with fast and efficient leather supply.