LVMH: Annual revenue up by 23% and record net margin Europe In 2022, despite the Covid-19 lockdowns in China and the closure of Russian stores, LVMH recorded a turnover of €79.2 billion,…
Supply-chain. KFC closes 70 restaurants in South Africa Africa, Middle East In December 2022, KFC announced the temporary closure of 70 fast food restaurants in South Africa.…
In 2022, quick-commerce represented 2.3% of sales for French convenient stores According to IRI data supplied to mind Retail, the French quick commerce market has more than doubled in 2022. Here is our exclusive report on the annual study.
rse Auchan and Leboncoin: reducing unsold non-food items Europe Losses linked to display models, slightly damaged returns and end-of-series are being closely monitored. The Auchan Group is now rolling out its partnership with Leboncoin,…
Charging for returns: pure players follow the lead of omnichannel retailers Since spring 2022, H&M and Zara adopted a policy of charging for returns on online purchases, thus setting standards for standardisation of e-commerce market. Some pure-players are following this lead, marking a new evolution in this competitive market. mind Retail summarises the commercial policies of the main online fashion players in Europe and in the U.S.A.
NRF’s “Big Show” arrives in Singapore Asia On 15 January 2023, NRF Chairman Matthew Shay and French group Comexposium announced the event for Asia Pacific in 2024.…
NRF : the most striking in-store innovations seen in New York Americas While New York retail has not regained the pre-Covid momentum, with vacancy and footfall rates below 2019 levels, mind Retail reports that in-store experience remains the priority for many retailers. We give a selection of the most prominent flagships in Manhattan, and their predictions for the retail of tomorrow.
NRF 2023: Sustainability start-ups in New York Americas The NRF Big Show was full of new products and services. We offer a selection including IT solutions to reduce waste and the management of SLEDs in the food industry with Afresh and CodaBene. These are also a sustainable packaging solution from Greenie, a platform to measure one's carbon impact with Dayrize alongside an intelligent scale systems from Digi.
Mangopay: transaction volume to rise by 35% in 2022 Europe Marketplace payment platform Mangopay, which was sold by Crédit Mutuel Arkéa to private equity fund Advent International in April 2022,…
Retail media: In Europe, 58% of the largest e-retailers sell their advertising spaces Europe In December 2022, IAB Europe presented a study of the e-retail media offerings,…
Free “77% of retailers want to increase the drive-to-store portion of their advertising investment” By Sandrine Prefaut, Managing Director of S4M in France. Operating in 10 countries (USA, Canada, France, Italy, UK, Switzerland, Benelux, Asia-Pacific region…), S4M is an international “drive to store” platform, expert in generating traffic in physical and digital points of sale.
The Thai example of Central Food Retail. Understanding the elements of online profitability Asia With a turnover of €2.1 billion in 2020, Central Food Retail under Central Retail is the largest supermarket chain in Thailand (more than 1,000 stores). From delivery in less than 25 minutes (known as Quick Commerce), to picking arbitrages and the imminent launch of a subscription offer, E-commerce and Digital Director Julien Tessonneau details his roadmap. Exclusively for Mind Retail.
Free Home electrical products. Why rental sites flourish For electronic devices, circular Economy models that maximizes convenience and minimizes expense for consumers gain traction in Europe.
With the acquisition of Memory, SES-Imagotag strengthens its position in data On 10th January 2022, the electronic tag specialist SES-Imagotag (turnover of €423 million in 2021) entered exclusive negotiations to acquire The Memory.…
In 2022, Chanel recorded 3.75 million views on WeChat In 2022, Chanel was the most active luxury brand on China’s social media. According to a survey by the data analysis platform iPaiban,…
Free E-commerce: What digital analytics strategy for 2023? Nicolas Malo, Founder of Optimal Ways, looks back at the change that will affect e-commerce teams with the end of the Universal Analytics solution (Google Analytics v3) announced for July 2023. Tribune.
Jean-Christophe Brindeau, C.F.A.O. Retail: “The Supeco brand is the foundation of Carrefour’s retail project in Africa” Interviews Despite a drop in volumes on a comparable basis in Cameroon, Ivory Coast and Senegal, CFAO Consumer Retail will end the 2022 financial year with sales up by 64%. Committed to a policy of rapid expansion spearheaded by Supeco, the Managing Director Jean-Christophe Brindeau details his plan to break even by 2024.
Shein hires Lazada’s Vice President With the appointment of Jessica Liu, formerly of Alibaba and Lazada, as Vice President, the fast fashion giant is making a new move.
TJX Companies: new C.F.O. for outlet giant US outlet retailer TJX Co. appointed John Klinger as new C.F.O. His mission is to boost the high margin business, that already takes advantage of overstock issues.
Kiabi to open soon 70 corners in Auchan hypermarkets Kiabi unveiled their strategic roadmap for 2023. This includes expanding products for children and babies, launching the new marketplace in Spain and Italy and massively rolling out “corners” at Auchan hypermarkets.
Free Apparel Group opens first “phygital” fashion store in Dubai Sit comfortably on a couch in front of a giant screen showing brand images like Calvin Klein or Tommy Hilfiger. Select the items you like on the shelves provided.…
Ingka Centres starts construction of a first Indian mall … Ingka Centres, a subsidiary of the Ingka Group (turnover of €37.4 billion in the fiscal year to August 2021 up by 6% year-on-year) started construction of the Gurugram mixed-use complex on 16 August 2022.…
In 2022, quick-commerce represented 2.3% of sales for French convenient stores According to IRI data supplied to mind Retail, the French quick commerce market has more than doubled in 2022. Here is our exclusive report on the annual study.
Charging for returns: pure players follow the lead of omnichannel retailers Since spring 2022, H&M and Zara adopted a policy of charging for returns on online purchases, thus setting standards for standardisation of e-commerce market. Some pure-players are following this lead, marking a new evolution in this competitive market. mind Retail summarises the commercial policies of the main online fashion players in Europe and in the U.S.A.
[Amazon Results] At nearly US$10 billion, advertising outpaces subscriptions for US giant For the first time, Amazon's advertising revenue exceeded subscriptions revenue in Q3 2022. The services to third-party merchants, the second largest business unit, and AWS remained very dynamic : they generated altogether almost US$9 billion in additional revenue in Q3. Online sales, as Amazon's largest business, returned to growth in Q3 2022 after three quarters of decline.
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,…
LVMH: Annual revenue up by 23% and record net margin Europe In 2022, despite the Covid-19 lockdowns in China and the closure of Russian stores, LVMH recorded a turnover of €79.2 billion,…
Supply-chain. KFC closes 70 restaurants in South Africa Africa, Middle East In December 2022, KFC announced the temporary closure of 70 fast food restaurants in South Africa.…
rse Auchan and Leboncoin: reducing unsold non-food items Europe Losses linked to display models, slightly damaged returns and end-of-series are being closely monitored. The Auchan Group is now rolling out its partnership with Leboncoin,…
