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El Palacio de Hierro, upscale chain of department stores in Mexico, unveiled a 16.000 sq. m store in Veracruz. This 1st hybrid store mixes “digital buying with the real”, said C.E.O...

12 December 2019

U.S. Dollar General plans 1,000 openings

Dollar General, U.S. discount retailer (US$25.6 billion revenue in FY 2018, +9.2%) plans to open 1,000 stores in 2020. In Q3 2019, its comparable sales grew by 4.6% – making it the fastest...

12 December 2019

New government plans to save Argentina’s textile industry

Argentina’s textile industry relies on a new policy to reflate the sector. According to Satadaya, sewing trade union, textile industry employed up to 1.5 million people from 2007 to 2015...

12 December 2019

Footwear. Is Cariuma from Brazil the future Veja or Allbirds?

Beyond well-established players like Rothy’s, Allbirds (13 stores in the U.S.A., China, U.K., Germany and New Zealand) and Veja, the sustainable direct-to-consumer footwear market is facing...

12 December 2019

Brazil. An unexpected G.D.P. growth in Q3 2019

Having stagnated in 2018, the Brazilian GDP recorded an unexpected growth in Q3 2019, up by +0.6%. This is a good news for the far-right President Bolsonaro, who aims to undertake major reforms...

12 December 2019

Rent The Runway adapts its offer to ski season

The rental retailer Rent The Runway has launched in December athleisure and ski apparel to its line-up. It adds 20 new brands to its offer Monrow, Lululemon, Fila, Champion…). Skiwear is...

12 December 2019

U.S. experience serving brick-and-mortar

The Canadian sportswear retailer Lululemon (US$3.3 billion in 2018 revenue, + 24%) bets on the experiential with many sports sessions in store. The retailer demonstrates this once again with its...

12 December 2019

Patagonia opens a 2nd hand pop-up store

In the U.S. city of Boulder, Colorado, the outdoor retailer Patagonia opened a pop-up store in mid-November 2019.As the brand is well-established for its durability, this store sells exclusively...

12 December 2019

How Home Depot wins with trade contractors

Involved in a successful strategic shift, The Home Depot (2,290 stores) reported last quarter sales continued a rising trend, an increase of 3.5% in Q3 to US$27.2 billion, for a net income of...

12 December 2019

Simon Property invests in digital

U.S. mall owner Simon Property Group (revenue of US$5.7 billion in 2018, up by 2% year-on-year) announced a partnership with Rue Gilt Groupe, operating flash-sale e-commerce websites Rue La La and...

12 December 2019

Majid Al Futtaim brings Carrefour into Uzbekistan

M.A.F. holds the exclusive franchise rights for 285 Carrefour stores in the Gulf and will expand the brand into Uzbekistan for the 1st time. Two hypermarkets and five supermarkets are planned over...

12 December 2019

A Saudi-Brazilian investment for food manufacturing

Following President Jair Bolsonaro’s visit in October 2019, the Saudi Kingdom is working with Brazil as an international trading partner. The Brazilian giant BRF, controlled by Abilio Diniz...

12 December 2019

Tunisia accelerates “click & collect” services

In Tunis, the Azur City shopping centre (42,000 sq.m GLA, investment of €64 million) was inaugurated in November 2019. This offers a Geant Casino hypermarket of 10,000 sq.m GLA with a...

12 December 2019

Lulu Group investment cancelled by Indian administration

In November 2019, the U.A.E.-based Lulu Group International published a government cancellation of a Memorandum of Understanding (M.O.U.). This was issued by the new government of Andhra Pradesh...

12 December 2019

Leroy Merlin keeps expanding in Johannesburg

Leroy Merlin‘s 3rd South African store is expected to open in the first quarter of 2020 in Boksburg, Johannesburg. So far, the D.I.Y. retailer is concentrating on South Africa’s...

12 December 2019

Online player Jumia closes in Tanzania and Cameroon

Once dubbed the “unicorn of African e-commerce”, Jumia Technologies (owned by Rocket Internet) shows worrying signs of fatigue. In November 2019, the e-retailer announced a suspension...

12 December 2019

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With turnover down by 5.3% over 9 months, URW announces departure of Jean-Marie Tritant

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