Infos [confidential] With Courrèges, Gérard Darel and Roberto Cavalli, Autone grows to 40 customers mind Retail learned that Y Combinator-incubated stock optimisation start-up Autone is preparing a Series A. After launching in fashion, the firm is moving into home furnishings and beauty.
Infos B&Q: 10% of e-commerce sales come from product recommendations At the World Retail Congress in Paris, Thierry Garnier, C.E.O. of Kingfisher (sales of US$14.98 billion in 2023,…
Infos Bijou Kurien, Retailers Association of India: “Investors’ focus has shifted from sales growth to profitability” After 6 years as head of L-Catterton Asia, an investment fund supported by LVMH in Asia, Bijou Kurien is the Chairman of the Retailers Association of India, and a member of the Board of several Indian companies such as Brigade Enterprises (property), Timex Group (watches) and Suguna Foods (food). At the World Retail Congress in Paris, he shared with mind Retail his vision of the VC landscape in India.
Infos Retail crisis in Morocco: international franchises in jeopardy In 2024, the Moroccan retail sector is going through a tumultuous period, marked by the successive closures of international franchises.…
Infos L’Occitane, Sephora, Ulta Beauty make major moves in a slowing market As the beauty market slows down, particularly in China, three cosmetics retailers are making major moves. L'Occitane could move under an American flag. Sephora is changing rules of governance in China. Ulta is witnessing slower growth.
Infos Crate & Barrel: design workshops generate 40% of store sales Operating in the U.S.A. and Canada, furniture retailer Crate & Barrel (Otto Group) developed an appointment-only service offering advice on interior design and decoration. Results were presented on April 16, by CEO Janet Heyes at the World Retail Congress in Paris.
Infos Jean-Louis Borde, Gemo: “We are going to launch a rental service for our baby range” Fashion retailer Gemo, part of the Eram group, adapted logistic tools to embrace a circularity journey for rental services. Jean-Louis Borde, Supply-Chain Director, explained adoption of the new version of Manhattan Active's Warehouse Management System (WMS), which is currently deployed.
Infos China: Roche Bobois takes back control of Chinese franchisee On April 10, 2024, the family-owned Roche Bobois Group (annual sales of €429.6 million to 31 December 2023, up 6.1% at constant exchange rates) announced a strategic shift in China.…
Infos McDonald’s buys back Israeli franchise to curb boycott calls While McDonald’s has been the subject of numerous calls for boycotts over the last 6 months, on April 4,…
Infos Autonomous stores: with a smart shopping cart, Amazon is aiming for a more omnichannel retail media By deploying a smart shopping cart in large-format stores, to the detriment of "Just Walk Out" technology, Amazon is seeking to capitalise on a new medium for retail media. Has the limits of autonomous checkout been reached ?
Infos The Home Depot continues B2B expansion with acquisition of SRS Distribution In the United States, on March 28, 2024, The Home Depot (sales of US$152.67 billion in 2023, down by 3% in one year with a net margin at 9.9% of sales,…
Infos Chase believes it has cards to play in retail media Is retail media the future of banking? On April 3, 2024, the retail bank Chase (JPMorgan) launched Chase Media Solutions (CMS), a retail media platform.…
Infos In Milan, Kering spends €1.3 billion on the second most expensive street in the world On 4 April, Kering (sales of €19.6 billion in 2023, down 2% in one year, and a net margin of 15.6% of sales,…
Infos In France, 47% of influencers do not comply with the law In France, the 9 June 2023 law aimed at regulating commercial influence and combating the poor behaviour of influencers on social networks established a legal framework for advertising practices.…
Infos Ikea buys Ikano Bank Swedish retailer Ikea, which offers fractional payment (BNPL) and consumer credit services, could soon be expanding a range of financial services.…