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Amazon’s digital marketplace operations destroyed about 3 million unsold items in France in 2018. These are goods from third-party sellers for its marketplace. The government wants to pass a...

13 February 2019

Eating solo at the restaurant?

In Amsterdam, Antwerp and London, the MVGCA association has launched a one-person pop-up restaurant called “Eenmaal” (12 to 25 seats). It is a creative project to focus on loneliness...

13 February 2019

Eddie Lampert, gravedigger or saviour of Sears?

Eddie Lampert, often compared to Warren Buffet with a stellar performance of his ESL fund, has controlled Sears’s fate for 6 years. The former Goldman Sachs prodigy is now the largest...

13 February 2019

L’Occitane consolidates to become more upmarket

L’Occitane confirmed the purchase of high-end British rival Elemis, specialising with face care and spa-therapy. In 2018, net sales of Elemis reached US$140 million, up by 27%. The deal...

13 February 2019

British retailers worry about a no-deal Brexit.

As the U.K. should leave the E.U. on March 29th, the British Retail Consortium federation and C.E.O.s of the country’s biggest retailers (including Sainsbury’s, Asda, Waitrose...

13 February 2019

At Richemont Group, commitment makes sense.

“Within the Richemont Group, social and environmental engagement has become a mandatory, said Alain Bernard, President & C.E.O. of Richemont Group North America and head of the Retail...

13 February 2019

Torgservis, The Concept of the Month

A discount retailer with prices 5% to 20% lower than Aldi and Lidl? This is the promise of Russian retailer Torgservis (estimated annual sales of €1.3 billion via 800 Svetofor and Mayak...

13 February 2019

How Ikea prepares for the future

Involved in a strategical shift, the Swedish Ikea Group is widening its city-centre footprint with an array of urban stores to open this year, including in Manhattan and in Paris (in May 2019...

13 February 2019

Furniture & deco. What the ‘connected’ generation wants

To win digitally-connected customers, retailers continue to adapt. If traditional companies have significantly changed their strategies, some new players like Casper, Wayfair and Made.com operate...

13 February 2019

Motoya Okada (Aeon) takes 20% of Bio c’ Bon

Discreet, courteous, and with a long-term vision driving his group to turnover of US$ 78.4 billion and a profit of US$ 229 million (for the year to February 2018), Japanese business man Motoya...

16 January 2019

Mikhail Fridman: From Russia to Retail

The future of Dia, the Spanish discount chain as one of Carrefour’s profitable subsidiaries, is in the balance. Dia operates 7,000 stores in Spain, Portugal, Brazil and Argentina with a...

16 January 2019

Mike Ashley, champion of the High Street

Mike Ashley, the billionaire founder of U.K. retail company Sports Direct is happy to be headlined on either business or sports pages, as he owns the Newcastle United football club. Described as...

16 January 2019

2019 will be a year of dramatic changes for Fashion Retail, according to McKinsey

McKinsey and The Business of Fashion (B.o.F.) published their annual survey on 29th November 2018 called “The State of Fashion”. This study warns against dramatic changes in this...

16 January 2019

Turkish retailers implement vending machine to recycle plastic.

In November, the Turkish Parliament passed a new environmental law to restrict plastic bags from 2019, supported by automatic recycling machines that take recyclable materials in return for credit...

16 January 2019

Kuwait’s OnCost Cash and Carry buys supermarket chain Gulfmart.

Kuwait’s wholesale membership retail store called “OnCost Cash & Carry” acquired all 20 outlets of regional supermarket chain Gulfmart. According to the C.E.O. of OnCost Cash...

16 January 2019

Huawei extends Saudi Arabia flagship.

The Chinese group Huawei aims to establish high-end experience stores in the U.A.E., Italy, Malaysia and in Thailand. January will see the a 1st Huawei Saudi Arabia flagship showroom in Riyadh...

16 January 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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