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.
Primark persists with click & collect Europe Primark, which does not offer home delivery because of profitability challenges, is sticking to its guns on click & collect. In France, where the launch of this service has been announced, the group’s website has been showing the availability of each product (children’s,…
South Africa: Walmart strengthens the team to support digital growth Africa, Middle East Despite a low valuation of the Massmart subsidiary, the world’s largest retailer by sales has not abandoned South African ambitions. Quite the contrary,…
L’Occitane confirms that its owner is considering a takeover Asia The cosmetics group, which grew by 20% in the last financial year, is considering a privatisation. On Monday 4 September, trading in the company's shares was once again suspended on the Hong Kong stock exchange.
USA: Shein makes historic breakthrough in physical retailing Americas While the Republican Attorney Generals in 16 states asked the SEC to investigate whether Shein’s supply chain uses forced labour,…
Dubai: The sustainable label The Giving Movement is multiplying pop-ups Africa, Middle East Eco-friendly clothing brand The Giving Movement, founded in April 2020 in the United Arab Emirates,…
Automatic checkouts: Specialist retailers follow in supermarket footsteps Automated checkouts have been widely adopted by supermarkets, and are now being deployed at specialty retailers. Between recruitment difficulties, cost inflation and consumer satisfaction, chains such as Fnac, Kiabi and Leroy Merlin have followed in the footsteps of pioneers such as Ikea, Décathlon and Zara.
Retail media: despite Kingfisher and Leroy Merlin’s initiatives, the DIY market will need 18 to 24 months to become mature Europe Ahead of the launch of a marketplace in France, Kingfisher launched its own retail media agency in June 2023. As this advertising market grew by 15% in H1 2023 (after a rise of 30% last year), the retailer wants to be one step ahead of Leroy Merlin, which has adopted a different approach.
Auchan outpaces Jeronimo Martins as Portugal’s leading retailer Europe In Europe, the consolidation move continues amongst supermarkets. On August 3, Auchan Retail announced the purchase of 489 Dia stores (Minipreço and Mais Perto banners) plus 3 warehouses in Portugal for €155 million.…
CSR digital green retail [confidential] Decathlon Belgium wants to recruit 100 subscribers per month for a rental offer Europe At Decathlon Belgium, the “We Play Circular” rental system is gaining ground. Launched initially with 70 families and two stores (Brussels and Antwerp),…
