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GDP per country
In the first quarter of 2020, GDP fell by 6.8% in China. It also fell by 5.8% in France, 5.2% in Spain, 4.8% in the USA and 3.8% in Germany. In the Eurozone, its decline reached -3,8 %.
20 May 2020
Luxury market
According to Bain & Co. the luxury market (personal goods) is expected to decline between -20% and -35% this year. The McKinsey firm predicts a decline of between -35% and -39% for...
20 May 2020
Growth in e-commerce sales
According to the latest ACI Worldwide study in early May 2020, e-commerce sales jumped by 209% in April 2020 compared to April 2019. “Hundreds of millions of consumers around the world have...
20 May 2020
Global GDP
According to the I.M.F., the Covid-19-related recession is expected to be deeper than the financial crisis of 2008-09. World G.D.P. is expected to decline by 3% in 2020, compared to -0.1% in 2009.
20 May 2020
Department stores. What prospects and strategies?
According to several department store managers interviewed by our editors, the return to normal should not take place before 2021. At a time when certain groups such as J.C.Penney and Neiman...
20 May 2020
Retail. The West delays whilst the East is innovating
From Hong Kong to the Emirates, the retail of tomorrow is being invented in the Far East. Where business has reopened, retailers and property companies are charting a new course. Business...
20 May 2020
Mark Thomson, Zebra : “Self-scanning and contactless payment is now booming in Europe”
Zebra delivers software and solutions that helps retailers to elevate customers’ shopping experience, to track and manage inventory and to improve supply chain efficiency. Sophie Baqué discussed...
5 May 2020
Ebay poaches a Walmart’s online expert as C.E.O.
On April 27th, Jamie Iannone, (a seasoned executive of traditional retail) will take appointment as C.E.O. of Ebay, a pioneer of the Silicon Valley online industry. Iannone is a Princeton and...
20 April 2020
Galeries Lafayette reshuffles its buying team
In March 2019, Galeries Lafayette inaugurated a new flagship on the Champs Élysées, highly focused on luxury and designers’ brands. A year later, the Group’s management...
20 April 2020
Levi’s and VF Corp. Time for acquisitions
As stores have been closed for a month, retailers have activated a large array of possible actions to stem losses and find the necessary working capital. These include offering employees partial...
20 April 2020
Petit Bateau. “E-commerce keeps us afloat”
At the end of 2019, children's clothing retailer Petit Bateau (Rocher Group, turnover of €2.5 billion in 2019) operated 441 stores in 60 countries. 50% of turnover in 2019 was generated outside...
20 April 2020
Why is e-commerce unable to deliver on time?
“I didn’t think I would ever say this. Paradoxically, we are trying to slow down our online business,” said the Director of a specialised retailer. From Europe to the U.S...
20 April 2020
SPECIALISED RETAIL. STRATEGIC business interventions in force
Delaying collections, shifting online, operating smarter promotions. Fashion and accessory retailers share their strategic choices.
20 April 2020
Grocery stores. What strategies for the end of the crisis?
Many food retailers could emerge from the crisis with more punch than they have entered. But with which organisational schemes? G.R.N. decrypts their short and long-term action plans from Europe...
20 April 2020
“Chinese may (carefully) return to stores. Or perhaps not.”
As a retail expert based in Shanghai, Eric Song Yun is the Founder of Songyun Information Technology Co. For Global Retail News, he explained how business is resuming in China’s economic capital...
20 April 2020
China and Austria. Which learnings as stores reopen?
From China to Austria, retail is gradually emerging from hibernation. What are the most effective strategies and timetables?
20 April 2020
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ChatGPT: Bureau Vallée’s recipe to capture back-to-school spending
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Why Shein emits twice as much CO2 as Inditex for equivalent revenue
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