USA. Amazon enters the fissure of paid returns Americas Since 13th April, Amazon has been testing a new approach to returns. In the U.S., a symbolic charge of US$1 is made for returns made via UPS on condition that an Amazon Fresh,…
Non-food: Lidl expands an online non-food business Europe Following the Belgian online store launch by Action last week with 150 products (already selling in Netherlands since 2021), Lidl has just launched an e-commerce website in France dedicated to non-food products. One third of the offer is seasonal. Here's how it works.
Primark accelerates U.S. expansion to compete with Shein Americas In the U.S.A., Primark (2022 turnover of €8.9 billion via 408 stores) opened a 17th American store on 20th April in the Walden Galleria mall in Buffalo (New York State).…
Interview Peter Pernot-Day, Shein: “With our production model, we have an unsold rate of 10%” Interviews The Singaporean ultra-fast fashion retailer, which is due to be listed on the New York Stock Exchange, is estimated as the world’s third largest fashion retailer. While Shein is accused of forced labour and regularly pinpointed for a poor ecological impact, Peter Pernot Day, Head of Global Strategy and Corporate Affairs for Shein Group, outlines the pure player’s business model in an interview with mind Retail.
Leroy Merlin arrives in Senegal with Jumia Africa, Middle East On March 22, Leroy Merlin signed an agreement with the pure player Jumia to launch into Senegal with 700 products.…
D.S.A.: Zalando added to platforms subject to stronger regulations Europe On Monday 25th April, the European Commission published a list of 19 online services, including 17 “very large online platforms (V.L.O.P.s)”, subject to legal obligations under the Digital Services Act.…
China : Alibaba and JD.com spin-offs delight investors Asia On 30th March 2023, JD.com announced a spin-off of property and industrial units from the core business in order to list these on the Hong Kong Stock Exchange.…
Analyse data [Amazon results] Focus on A.I. to revive AWS, a declining source of profitability in Q1 Whilst Amazon's e-commerce business is losing momentum (down by 0.1% year-on-year), the AWS cloud service is recording the slowest growth since 2015. To improve profitability, the tech giant is introducing a series of AI-based tools for businesses. Amazon's year-on-year revenue growth was 11%, driven by the marketplace and the cloud.
Analyses Food retail: 6 charts to understand the financial health of the world’s Top 10 in 2022 Rising costs, inflation, purchasing power. After 2 years of crazy growth boosted by Covid-19, 2022 was a good one in terms of sales, but not profitability. For the 2023 edition of this exclusive study, mind Retail analysed the financial health of the world's "Top 10" food retailers since 2017, based on main financial indicators. In terms of business model, the most omnichannel retailers are approaching the online capacity ceiling, approximately between 15% and 20% of a business. Whilst profitability of Target and Walmart has dramatically slowed, the business models of Costco, Ahold Delhaize and Kroger have been more resilient.
Decarbonisation, gaming, communities: the new levers of Chinese e-commerce in 2023 Asia Last year, e-commerce played a crucial role in China, driven by Covid-19 zero policies, but the shopping experience has also been transformed. Mind Retail helps to identify the main innovations in Chinese e-commerce during 2023.
