Infos Lego abandons production of recycled PET bricks Danish retailer Lego (sales of €3.7 billion in H1 2023, up by 1% vs H1 2022) is giving up manufacturing toys in recycled plastic (Polyethylene Terephtalate) because they produce too much CO2.…
Infos Japan’s 7-Eleven takes a first step into Laos with CP All On September 7 2023, 7-Eleven opened a first convenience store in Laos in Vientiane, the country’s capital. A total of 7 stores are planned.…
Infos Fashion: Why omnichannel players are gaining in profitability and e-commerce is suffering, in 6 charts Mind Retail analysed the financial results of the 12 largest fashion retailers between 2019 and 2022, to understand performance in terms of sales and profitability. As a result of the multiple crisis factors of recent years, omnichannel retailers such as Inditex, Nike and Fast Retailing are the most profitable. Discounters such as TJX are also doing well in an inflationary environment. E-tailers are facing the limits of their 100% digital model, while returns rates are undermining their business model.
Analyses Tony Sciarrotta, Reverse Logistics Association : “Recycling is always the worst option in terms of value creation” At a time when the NRF has just acquired the Reverse Logistics Association (RLA), Mind Retail interviewed the Executive Director, Tony Sciarrotta. Between Artificial Intelligence, auctions, software to enhance the value of returned products, hyper-local solutions and returns lockers, Tony Sciarrotta presents the new value-creating axis.
Infos [info mind Retail] A third of Shein’s suppliers will not be audited in 2023 With the results of the French DGCCRF investigation expected this Autumn, and the U.S. SEC continuing a survey regarding allegations of forced labor, Shein provided an update on its industrial model and control practices at Paris Retail Week. Read all about it here.
Infos Generative AI: Amazon to invest up to US$4 billion in Anthropic The digital cloud giants are not slowing investments in generative AI, which needs massive computing power to function properly. Following Google and a US$300 million investment in Anthropic in February 2023 (it is now a 10% shareholder),…
Analyses Inflation, retail sales, unemployment: 3 macro-economic indicators to understand the health of retail in Europe and the U.S.A. While the retail sector has been experiencing major fluctuations since February 2022, mind Retail presents its monthly macroeconomic dashboard, based on Eurostat and Census Bureau data. In the U.S.A. and Europe, what is the impact of inflation (August 2023 data) and the unemployment rate on the retail sector (July 2023 data)? How are these indicators performing, month by month, and are they returning to 2019 levels? Article updated on September 29, 2023.
Infos Valiuz Adz : The Mulliez family’s retailers launch a retail media offering Auchan (grocery) and Boulanger (home electrical products) are entrusting advertising inventory to Valiuz Adz, the Association Familiale Mulliez's new advertising agency for the French market. Belgium and Spain are expected to follow shortly.
Infos Pierre Fougeat, Lugh (Casino Group): “All platforms combined, €2.5 million of our stablecoin Lugh are in circulation” Pierre Fougeat, COO of Lugh Financial Services, a subsidiary of Casino Group, presents the Euro stablecoin Lugh. He details the strategy behind this new business.
Infos Central Retail invests half a billion dollars in wholesale Thai conglomerate Central Retail Corp is to create a new wholesale chain. With 43 new stores planned in the next 5 year, the country's largest retailer is focusing on wholesale sales, which are due to drive 30% of revenue.
