BNPL: Klarna to charge late payment penalties to British users As it already does in the Netherlands and in Belgium, the BNPL specialist Klarna will introduce penalty fees in the U.K.,…
Zalando’s sales growth stopped in 2022, with operating margin divided by three Following a meteoric growth in 2021 (turnover of €10.35 billion up by 29.7%), Zalando‘s sales reached €10.34 billion in 2022,…
DIY : The Home Depot saves margin in 2022, despite a weak housing market in the US On February 21, The Home Depot released annual results. Despite the weak property market in the USA, the company managed to retain margin. However, the current fiscal year looks risky and the retailer warned about a fall in profits.
Quick commerce: Getir soon leader of a consolidating market As the French quick-commerce market is expected to exceed €250 million in 2022 according to our estimates, the takeover of Gorillas by Getir will create a European leader.
Amazon Fresh and Tesco Get Go roll out in London In the U.K., Amazon currently operates 19 standalone stores, including 18 in London. While this is a far cry from the 260 units planned by 2024,…
India & Italy. Antitrust watchdogs focus on Amazon’s practices In mid-December 2021 in Italy, Amazon was fined €1.13 billion for Abuse of Dominant Position. The competition authority cited discrimination against merchants who had not used Amazon’s fulfillment service. This programme allows third-party merchants to delegate to Amazon all their logistical operations (storage,…
The young designer of Parade wants to dethrone Victoria Secret The news is rich for the highly emblematic Cami Téllez, Founder of Parade, a direct-to-consumer lingerie brand currently valued at US$140 million. In November 2021, she opened her first brick-and-mortar store in New York.…
[Exclusive] Wholesale pure-player Boxed to grow by 40% Although it remains smaller than Sam’s Club and Costco, the online retailer Boxed is showing insolent growth in the online wholesale sector.…
Wholesale. Sokowatch wants to conquer Africa While Rocket Internet withdrew from Jumia’s capital in 2020, the Sokowatch e-commerce platform is offering a more efficient way of sourcing merchandises to local convenience stores.…
Galeries Lafayette. Sandra Weber heads up strategy Sandra Weber joins Galeries Lafayette in the midst of a strategic review of the portfolio, with a special focus on BHV department stores.
