[case study] How PepsiCo partnered with Uber Eats for retail media Since September 2023, Uber Advertising, the international advertising network launched by Uber at the end of 2022, has been offering a retail media service based on the Uber Eats app, using Criteo's technology and commercial muscle. We look back at the first major campaign in France, run by PepsiCo to boost online sales.
In New York, Shein’s pop-up at Forever 21 attracted 5,000 visitors in 4 days Americas In the USA, Shein is rolling out pop-up stores within Forever 21 stores. While the offer is a mix of fashion and home decoration, the group told mind Retail about the 2023 results of the pop-up strategy, both in terms of numbers and footfall.
For online sales, Walgreens freezes new warehouse openings and relies on ship from stores Americas In the USA, drugstore specialist Walgreens Boots Alliance is freezing a program of new automated warehouses dedicated to preparation of Web orders, with 11 active units to date. That is 50% of the number announced 18 months ago.
BNPL: Affirm and Klarna cope with rising interest rates Americas With sales of US$497 million in the quarter to September 2023 (up by 37% year-on-year), US BNPL specialist Affirm reported revenue of US$50 million,…
According to PWC, U.S. shoppers will spend US$1,530 in the holiday season According to a survey from Pricewaterhouse Coopers (amongst 4,000 US consumers and published in October), the average budget for the holiday season will reach US$1,530 this year.…
[info mind Retail] Marco Sacco-Stevanella, ManoMano: “After launching free returns for B2B clients in France, the next step will be an international launch” As D.I.Y. volumes are shrinking, ManoMano wants to capitalise on B2B customers. From 100% free returns for professionals, launched at the end of September in France to new payment options, Marco Sacco-Stevanella, Senior B2B Marketing Lead, presents the future initiatives of the D.I.Y. pure-player. Castorama launches a chatbot boosted by generative AI In France, Castorama launched a chatbot that integrates three LLM models, based on Athena, the technological foundation developed by the Kingfisher Group. While customer data remains outside the scope of the project, this launch raises questions about the future of the ‘Search’ experience. Tap To Pay: Apple shakes up the offline POS market Europe Following Google for Android, Apple's Tap to Pay functionality (already live in the U.S.A., Australia, the U.K. and the Netherlands) is now coming to France. By transforming salespeople's iPhones into in-store payment devices, this service raises questions about the future of POS terminals in stores. [mind Retail info] Auchan Retail launches a website dedicated to B2B customers In France, Auchan Retail has just launched Auchanpro, a website entirely dedicated to businesses. This B2B digital initiative, one of the first in the local supermarket sector, aims to secure business amid falling purchasing power of local households. After a good Q3, Walmart’s annual sales should grow by 5% Americas In the quarter ended October 27, Walmart‘s sales grew by 4.3% at constant exchange rates, reaching US$160.8 billion.… Read more Cover Stories 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. Read more Digital Castorama launches a chatbot boosted by generative AI In France, Castorama launched a chatbot that integrates three LLM models, based on Athena, the technological foundation developed by the Kingfisher Group. While customer data remains outside the scope of the project, this launch raises questions about the future of the ‘Search’ experience. Tap To Pay: Apple shakes up the offline POS market Europe Following Google for Android, Apple's Tap to Pay functionality (already live in the U.S.A., Australia, the U.K. and the Netherlands) is now coming to France. By transforming salespeople's iPhones into in-store payment devices, this service raises questions about the future of POS terminals in stores. [mind Retail info] Auchan Retail launches a website dedicated to B2B customers In France, Auchan Retail has just launched Auchanpro, a website entirely dedicated to businesses. This B2B digital initiative, one of the first in the local supermarket sector, aims to secure business amid falling purchasing power of local households. Read more Études [case study] How PepsiCo partnered with Uber Eats for retail media Since September 2023, Uber Advertising, the international advertising network launched by Uber at the end of 2022, has been offering a retail media service based on the Uber Eats app, using Criteo's technology and commercial muscle. We look back at the first major campaign in France, run by PepsiCo to boost online sales. According to PWC, U.S. shoppers will spend US$1,530 in the holiday season According to a survey from Pricewaterhouse Coopers (amongst 4,000 US consumers and published in October), the average budget for the holiday season will reach US$1,530 this year.… Inflation, retail sales, unemployment: 7 charts to understand the health of retail in Europe and the U.S.A. Every month, mind Retail analyzes the macroeconomic indicators of the retail market, based on the latest data from Eurostat and the Census Bureau. While the market has been experiencing significant fluctuations for 18 months, these charts show the evolution of inflation in Europe and the U.S.A. (September 23 HICP figures), unemployment and their impact on retail sales (August 23rd data). Read more Interviews [info mind Retail] Marco Sacco-Stevanella, ManoMano: “After launching free returns for B2B clients in France, the next step will be an international launch” As D.I.Y. volumes are shrinking, ManoMano wants to capitalise on B2B customers. From 100% free returns for professionals, launched at the end of September in France to new payment options, Marco Sacco-Stevanella, Senior B2B Marketing Lead, presents the future initiatives of the D.I.Y. pure-player. [Info mind Retail] Pauline Gubert, Babymoov: “Our business of re-conditioned products will grow from 3,000 to 20,000 units in two years” Home appliances manufacturer Babymoov (food processors, baby monitors) has formalised a partnership with CircularX (a subsidiary of Recommerce Group) in order to expanding the range of second-hand products. In an exclusive interview for mind Retail, Chloé Neyrial, E-Commerce Manager, and Pauline Gubert, Marketing Manager, present the launch of the scheme and its KPIs. Arnaud Lesne, Carrefour Belgium: “With Reeborn, it’s the first time a grocer rewards the sale of second-hand products” In Belgium, Carrefour is preparing to launch a Reeborn app, dedicated to second-hand goods, in early November. Arnaud Lesne, Director of Innovation and Partnerships, talks to mind Retail about subscription mechanics and marketing objectives. Read more People Free Amandine de Souza, Leboncoin: “We add B2B and aim to become Europe’s leading second-hand retailer” Amandine de Souza, Managing Director of Leboncoin (Adevinta Group), was a guest at the latest FrenchFounders meeting in Paris, attended by mind Retail. She explained a transformation of the second-hand sales site, which aims to integrate a new professional trade offer and become Europe's leading second-hand retailer. Sandrine Préfaut, Locala: “A quarter of retailers have begun to ‘discountise’ their offer” Interviews In an exclusive interview with mind Retail, Locala, a specialist in multi-local solutions ranging from "drive to store" to visibility issues, presents the three key findings of an annual survey of 3,000 consumers in 5 countries (France, UK, Italy, Netherlands and Belgium). Sandrine Préfaut, Locala's Managing Director for Europe, outlines key trends. Sam Bergius, Amazon : “Since January 2023, our Grade & Resell and liquidations programs sold more than 1 million products” Interviews Sam Bergius, Amazon Marketplace Manager, is responsible for Fulfillment By Amazon in the UK, managing FBA selling partners in both the U.K. and the European Union. Amazon has just postponed by 10 years a commitment to decarbonise half of all its shipping by 2030, so he explained his current sustainable roadmap to mind Retail. Read more Retail concept 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.… Read more Studies Retail media: One year after launch, Mirakl Ads faces challenges ahead The recent partnership between Mirakl and Havas has put the spotlight once again on the digital marketplaces provider's retail media offering, which combines technology and advertising network. A year after the roll-out, Mirakl Ads now needs to sign up with leading retailers, in a highly competitive market. [Amazon results] In Q3 2023, Amazon more than tripled net margin on the back of a savings plan and a return to fundamentals After a post-Covid-19 pandemic slowdown, Amazon's net margin more than tripled in Q3 2023. Over the 9 months of the year, growth was driven by the digital marketplace, AWS and advertising - three divisions accounting for 73% of revenue gains. With US$6 billion in additional sales in 9 months, advertising has overtaken e-commerce and is now hot on the heels of AWS in terms of growth contribution. ‘Yes Ad’ zones: in-store traffic takes a hit in Q1 2023 Given exclusive access to the Adot study, mind Retail revealed that in France, only 13% of households in ‘Yes Ad’ zones affixed an “opt-in” sticker to letterboxes at the end of March 2023. As a result, in-store traffic is clearly affected, with a 19% gap at specialist retailers and a 5% gap among food retailers compared with the national averages. All the figures, channel by channel. Read more Uncategorized E-commerce: Omnicom acquires Flywheel Digital for US$835 million On October 30th, the U.S. communications group Omnicom (owner of BBDO, OMD and TBWA) announced a takeover of Flywheel,… CSR [info mind Retail] Christofle relies on CircularX to accelerate second-hand revenue According to our source, the high-end tableware retailer controlled by the Chalhoub family launched a program in early October 2023 to buy back second-hand products from individuals. Pierre Leurquin, Director of Transformation, explained this shift to scale-up via a profitable model. Bain, GIC: In the face of US-China geopolitical tensions, Vietnam is attracting investors Asia According to Reuters, Singapore’s sovereign wealth fund GIC is in the running to acquire up to a 20% stake in Bach Hoa Xanh supermarkets (sales of US$558 million,… Read more World news In New York, Shein’s pop-up at Forever 21 attracted 5,000 visitors in 4 days Americas In the USA, Shein is rolling out pop-up stores within Forever 21 stores. While the offer is a mix of fashion and home decoration, the group told mind Retail about the 2023 results of the pop-up strategy, both in terms of numbers and footfall. For online sales, Walgreens freezes new warehouse openings and relies on ship from stores Americas In the USA, drugstore specialist Walgreens Boots Alliance is freezing a program of new automated warehouses dedicated to preparation of Web orders, with 11 active units to date. That is 50% of the number announced 18 months ago. BNPL: Affirm and Klarna cope with rising interest rates Americas With sales of US$497 million in the quarter to September 2023 (up by 37% year-on-year), US BNPL specialist Affirm reported revenue of US$50 million,… Read more Mouvement Read more Confidentiel Read more
Castorama launches a chatbot boosted by generative AI In France, Castorama launched a chatbot that integrates three LLM models, based on Athena, the technological foundation developed by the Kingfisher Group. While customer data remains outside the scope of the project, this launch raises questions about the future of the ‘Search’ experience.
Tap To Pay: Apple shakes up the offline POS market Europe Following Google for Android, Apple's Tap to Pay functionality (already live in the U.S.A., Australia, the U.K. and the Netherlands) is now coming to France. By transforming salespeople's iPhones into in-store payment devices, this service raises questions about the future of POS terminals in stores.
[mind Retail info] Auchan Retail launches a website dedicated to B2B customers In France, Auchan Retail has just launched Auchanpro, a website entirely dedicated to businesses. This B2B digital initiative, one of the first in the local supermarket sector, aims to secure business amid falling purchasing power of local households.
After a good Q3, Walmart’s annual sales should grow by 5% Americas In the quarter ended October 27, Walmart‘s sales grew by 4.3% at constant exchange rates, reaching US$160.8 billion.…
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.
Castorama launches a chatbot boosted by generative AI In France, Castorama launched a chatbot that integrates three LLM models, based on Athena, the technological foundation developed by the Kingfisher Group. While customer data remains outside the scope of the project, this launch raises questions about the future of the ‘Search’ experience.
Tap To Pay: Apple shakes up the offline POS market Europe Following Google for Android, Apple's Tap to Pay functionality (already live in the U.S.A., Australia, the U.K. and the Netherlands) is now coming to France. By transforming salespeople's iPhones into in-store payment devices, this service raises questions about the future of POS terminals in stores.
[mind Retail info] Auchan Retail launches a website dedicated to B2B customers In France, Auchan Retail has just launched Auchanpro, a website entirely dedicated to businesses. This B2B digital initiative, one of the first in the local supermarket sector, aims to secure business amid falling purchasing power of local households.
[case study] How PepsiCo partnered with Uber Eats for retail media Since September 2023, Uber Advertising, the international advertising network launched by Uber at the end of 2022, has been offering a retail media service based on the Uber Eats app, using Criteo's technology and commercial muscle. We look back at the first major campaign in France, run by PepsiCo to boost online sales.
According to PWC, U.S. shoppers will spend US$1,530 in the holiday season According to a survey from Pricewaterhouse Coopers (amongst 4,000 US consumers and published in October), the average budget for the holiday season will reach US$1,530 this year.…
Inflation, retail sales, unemployment: 7 charts to understand the health of retail in Europe and the U.S.A. Every month, mind Retail analyzes the macroeconomic indicators of the retail market, based on the latest data from Eurostat and the Census Bureau. While the market has been experiencing significant fluctuations for 18 months, these charts show the evolution of inflation in Europe and the U.S.A. (September 23 HICP figures), unemployment and their impact on retail sales (August 23rd data).
[info mind Retail] Marco Sacco-Stevanella, ManoMano: “After launching free returns for B2B clients in France, the next step will be an international launch” As D.I.Y. volumes are shrinking, ManoMano wants to capitalise on B2B customers. From 100% free returns for professionals, launched at the end of September in France to new payment options, Marco Sacco-Stevanella, Senior B2B Marketing Lead, presents the future initiatives of the D.I.Y. pure-player. [Info mind Retail] Pauline Gubert, Babymoov: “Our business of re-conditioned products will grow from 3,000 to 20,000 units in two years” Home appliances manufacturer Babymoov (food processors, baby monitors) has formalised a partnership with CircularX (a subsidiary of Recommerce Group) in order to expanding the range of second-hand products. In an exclusive interview for mind Retail, Chloé Neyrial, E-Commerce Manager, and Pauline Gubert, Marketing Manager, present the launch of the scheme and its KPIs. Arnaud Lesne, Carrefour Belgium: “With Reeborn, it’s the first time a grocer rewards the sale of second-hand products” In Belgium, Carrefour is preparing to launch a Reeborn app, dedicated to second-hand goods, in early November. Arnaud Lesne, Director of Innovation and Partnerships, talks to mind Retail about subscription mechanics and marketing objectives. Read more People Free Amandine de Souza, Leboncoin: “We add B2B and aim to become Europe’s leading second-hand retailer” Amandine de Souza, Managing Director of Leboncoin (Adevinta Group), was a guest at the latest FrenchFounders meeting in Paris, attended by mind Retail. She explained a transformation of the second-hand sales site, which aims to integrate a new professional trade offer and become Europe's leading second-hand retailer. Sandrine Préfaut, Locala: “A quarter of retailers have begun to ‘discountise’ their offer” Interviews In an exclusive interview with mind Retail, Locala, a specialist in multi-local solutions ranging from "drive to store" to visibility issues, presents the three key findings of an annual survey of 3,000 consumers in 5 countries (France, UK, Italy, Netherlands and Belgium). Sandrine Préfaut, Locala's Managing Director for Europe, outlines key trends. Sam Bergius, Amazon : “Since January 2023, our Grade & Resell and liquidations programs sold more than 1 million products” Interviews Sam Bergius, Amazon Marketplace Manager, is responsible for Fulfillment By Amazon in the UK, managing FBA selling partners in both the U.K. and the European Union. Amazon has just postponed by 10 years a commitment to decarbonise half of all its shipping by 2030, so he explained his current sustainable roadmap to mind Retail. Read more Retail concept 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.… Read more Studies Retail media: One year after launch, Mirakl Ads faces challenges ahead The recent partnership between Mirakl and Havas has put the spotlight once again on the digital marketplaces provider's retail media offering, which combines technology and advertising network. A year after the roll-out, Mirakl Ads now needs to sign up with leading retailers, in a highly competitive market. [Amazon results] In Q3 2023, Amazon more than tripled net margin on the back of a savings plan and a return to fundamentals After a post-Covid-19 pandemic slowdown, Amazon's net margin more than tripled in Q3 2023. Over the 9 months of the year, growth was driven by the digital marketplace, AWS and advertising - three divisions accounting for 73% of revenue gains. With US$6 billion in additional sales in 9 months, advertising has overtaken e-commerce and is now hot on the heels of AWS in terms of growth contribution. ‘Yes Ad’ zones: in-store traffic takes a hit in Q1 2023 Given exclusive access to the Adot study, mind Retail revealed that in France, only 13% of households in ‘Yes Ad’ zones affixed an “opt-in” sticker to letterboxes at the end of March 2023. As a result, in-store traffic is clearly affected, with a 19% gap at specialist retailers and a 5% gap among food retailers compared with the national averages. All the figures, channel by channel. Read more Uncategorized E-commerce: Omnicom acquires Flywheel Digital for US$835 million On October 30th, the U.S. communications group Omnicom (owner of BBDO, OMD and TBWA) announced a takeover of Flywheel,… CSR [info mind Retail] Christofle relies on CircularX to accelerate second-hand revenue According to our source, the high-end tableware retailer controlled by the Chalhoub family launched a program in early October 2023 to buy back second-hand products from individuals. Pierre Leurquin, Director of Transformation, explained this shift to scale-up via a profitable model. Bain, GIC: In the face of US-China geopolitical tensions, Vietnam is attracting investors Asia According to Reuters, Singapore’s sovereign wealth fund GIC is in the running to acquire up to a 20% stake in Bach Hoa Xanh supermarkets (sales of US$558 million,… Read more World news In New York, Shein’s pop-up at Forever 21 attracted 5,000 visitors in 4 days Americas In the USA, Shein is rolling out pop-up stores within Forever 21 stores. While the offer is a mix of fashion and home decoration, the group told mind Retail about the 2023 results of the pop-up strategy, both in terms of numbers and footfall. For online sales, Walgreens freezes new warehouse openings and relies on ship from stores Americas In the USA, drugstore specialist Walgreens Boots Alliance is freezing a program of new automated warehouses dedicated to preparation of Web orders, with 11 active units to date. That is 50% of the number announced 18 months ago. BNPL: Affirm and Klarna cope with rising interest rates Americas With sales of US$497 million in the quarter to September 2023 (up by 37% year-on-year), US BNPL specialist Affirm reported revenue of US$50 million,… Read more Mouvement Read more Confidentiel Read more
[Info mind Retail] Pauline Gubert, Babymoov: “Our business of re-conditioned products will grow from 3,000 to 20,000 units in two years” Home appliances manufacturer Babymoov (food processors, baby monitors) has formalised a partnership with CircularX (a subsidiary of Recommerce Group) in order to expanding the range of second-hand products. In an exclusive interview for mind Retail, Chloé Neyrial, E-Commerce Manager, and Pauline Gubert, Marketing Manager, present the launch of the scheme and its KPIs.
Arnaud Lesne, Carrefour Belgium: “With Reeborn, it’s the first time a grocer rewards the sale of second-hand products” In Belgium, Carrefour is preparing to launch a Reeborn app, dedicated to second-hand goods, in early November. Arnaud Lesne, Director of Innovation and Partnerships, talks to mind Retail about subscription mechanics and marketing objectives.
Free Amandine de Souza, Leboncoin: “We add B2B and aim to become Europe’s leading second-hand retailer” Amandine de Souza, Managing Director of Leboncoin (Adevinta Group), was a guest at the latest FrenchFounders meeting in Paris, attended by mind Retail. She explained a transformation of the second-hand sales site, which aims to integrate a new professional trade offer and become Europe's leading second-hand retailer.
Sandrine Préfaut, Locala: “A quarter of retailers have begun to ‘discountise’ their offer” Interviews In an exclusive interview with mind Retail, Locala, a specialist in multi-local solutions ranging from "drive to store" to visibility issues, presents the three key findings of an annual survey of 3,000 consumers in 5 countries (France, UK, Italy, Netherlands and Belgium). Sandrine Préfaut, Locala's Managing Director for Europe, outlines key trends.
Sam Bergius, Amazon : “Since January 2023, our Grade & Resell and liquidations programs sold more than 1 million products” Interviews Sam Bergius, Amazon Marketplace Manager, is responsible for Fulfillment By Amazon in the UK, managing FBA selling partners in both the U.K. and the European Union. Amazon has just postponed by 10 years a commitment to decarbonise half of all its shipping by 2030, so he explained his current sustainable roadmap to mind Retail.
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.…
Retail media: One year after launch, Mirakl Ads faces challenges ahead The recent partnership between Mirakl and Havas has put the spotlight once again on the digital marketplaces provider's retail media offering, which combines technology and advertising network. A year after the roll-out, Mirakl Ads now needs to sign up with leading retailers, in a highly competitive market.
[Amazon results] In Q3 2023, Amazon more than tripled net margin on the back of a savings plan and a return to fundamentals After a post-Covid-19 pandemic slowdown, Amazon's net margin more than tripled in Q3 2023. Over the 9 months of the year, growth was driven by the digital marketplace, AWS and advertising - three divisions accounting for 73% of revenue gains. With US$6 billion in additional sales in 9 months, advertising has overtaken e-commerce and is now hot on the heels of AWS in terms of growth contribution.
‘Yes Ad’ zones: in-store traffic takes a hit in Q1 2023 Given exclusive access to the Adot study, mind Retail revealed that in France, only 13% of households in ‘Yes Ad’ zones affixed an “opt-in” sticker to letterboxes at the end of March 2023. As a result, in-store traffic is clearly affected, with a 19% gap at specialist retailers and a 5% gap among food retailers compared with the national averages. All the figures, channel by channel.
E-commerce: Omnicom acquires Flywheel Digital for US$835 million On October 30th, the U.S. communications group Omnicom (owner of BBDO, OMD and TBWA) announced a takeover of Flywheel,…
CSR [info mind Retail] Christofle relies on CircularX to accelerate second-hand revenue According to our source, the high-end tableware retailer controlled by the Chalhoub family launched a program in early October 2023 to buy back second-hand products from individuals. Pierre Leurquin, Director of Transformation, explained this shift to scale-up via a profitable model.
Bain, GIC: In the face of US-China geopolitical tensions, Vietnam is attracting investors Asia According to Reuters, Singapore’s sovereign wealth fund GIC is in the running to acquire up to a 20% stake in Bach Hoa Xanh supermarkets (sales of US$558 million,…
In New York, Shein’s pop-up at Forever 21 attracted 5,000 visitors in 4 days Americas In the USA, Shein is rolling out pop-up stores within Forever 21 stores. While the offer is a mix of fashion and home decoration, the group told mind Retail about the 2023 results of the pop-up strategy, both in terms of numbers and footfall.
For online sales, Walgreens freezes new warehouse openings and relies on ship from stores Americas In the USA, drugstore specialist Walgreens Boots Alliance is freezing a program of new automated warehouses dedicated to preparation of Web orders, with 11 active units to date. That is 50% of the number announced 18 months ago.
BNPL: Affirm and Klarna cope with rising interest rates Americas With sales of US$497 million in the quarter to September 2023 (up by 37% year-on-year), US BNPL specialist Affirm reported revenue of US$50 million,…
