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Costco shows it can win customers with rising sales
In the quarter to September 1st, 2019, the U.S. warehouse retailer reported revenue of US$47.5 billion, a combination of net sales and membership fees. Costco’s comparable sales (those from...
14 November 2019
Amazon signs property leases
Eager to open a chain of grocery stores in the U.S., Amazon signed leases for more than 12 stores in Los Angeles. Amazon is buying spaces between 1,800 and 3,700 sq.m. within strip centres and...
14 November 2019
U.S. An anti-Amazon alliance in pet-food
There may be an alternative path for retailers to escape the Amazon steamroller. In the U.S.A, the Group created by Jeff Bezos controlled 38% of total online sales in 2019 (source: eMarketer, data...
14 November 2019
Carrefour-Brazil invests with digital wallets and reduces store management
In Brazil, Carrefour (453 stores, sales of €10.2 billion in the 9 months to September 2019 as rise by 6% like-for-like) invested in 49% of Ewally, a company in Sao Paulo that specialises in...
14 November 2019
Galeries Lafayette affirms ambitions in Shanghai
In late October 2019, the 2nd Galeries Lafayette store opened in Shanghai. Covering 25,000 sq.m GLA, it is located in the Lujiazui business district in Pudong, within the L + Mall. According to...
14 November 2019
Kingfisher adds to the top team
Thierry Garnier, who replaced Veronique Laury as C.E.O. of Kingfisher in late September 2019, created a new role for John Wartig, a seasoned financial expert who joined Kingfisher as interim...
14 November 2019
Circular economy and home appliances. Boulanger shows the way
The circular economy, increasingly valued in fashion, is spreading in all retail sectors and especially home appliances. Like its American counterpart Home Depot (encouraging the recycling of...
14 November 2019
The furniture sector is looking for new balance
As the world’s biggest furniture retailer Ikea continues to show audacious growth, mid-size rivals struggle in Europe. Conforama is currently being restructured (40 store closures), a...
14 November 2019
Central Retail from Thailand and Signa advance pawns in Austria
The KaDeWe brand will open a 4th department store in Vienna, Austria. This is due for the autumn of 2023 in the Mariahilfer Strasse over a sales area of 58,000 sq.m. The building is owned by the...
14 November 2019
Hudson’s Bay drops the curtain in the Netherlands
For the Hudson’s Bay Company, selling outside Canada was a calculated risk. The adventure lasted two years. The chain announced a closure of all Dutch department stores and e-commerce...
14 November 2019
The Rocher Group lights up sales in Japan and Africa
According to Bris Rocher, C.E.O. and grandson of the founder of the beauty retailer Rocher Group, “You need three things to become a company with a purpose. Firstly, you need an authentic...
14 November 2019
Germany. Decathlon resells 2nd hand goods
In Germany, the sporting goods retailer Decathlon has set up an ingenious system dedicated to sale of 2nd hand goods. “In 2017, we expanded our returns policy in Germany and our store...
14 November 2019
Spanish “malls” focus on catering and leisure
In Seville, the Lagoh shopping Centre (owner Grupo Lar, 123,500 sq.m GLA of retail space, 135 shops including Zara, Five Guys, Lego and Primark) opened in late September. There are now 564...
14 November 2019
Retailers taking over reusable period underwear trend
Health awareness is rising amongst consumers. Women are concerned about hygienic protection and following new trends like reusable period underwear, menstrual cups or washable pads appearing on...
14 November 2019
Continued combines fashion and rental
The Danish company Continued, founded in Stockholm by Mrs. Vigga Svensson, is a kind of UFO in Europe. Her passionate and passionate founder had created “Vigga” four years ago: based...
14 November 2019
3 questions to Jules Coignard, Founder of Circul’R
Who are the most engaged retailers in the “Green” fashion?Jules Coignard : Decathlon is in full sustainable transition. They launched an environmental display system on their textile...
14 November 2019
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Most viewed articles of the month on mind Retail
What readers clicked on the most last month.
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1
US retailers divided over the rise of autonomous shopping agents
In the US, Gap, Walmart, Best Buy, Amazon and eBay are taking very different approaches to agentic commerce. While TV shopping giants QVC and HSN see these new intermediaries as an opportunity to...