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After 3 months of business, Costco’s first French store attracted 44,000 members for an average basket of €125, higher than Costco’s global average around €100. As in Spain...

23 October 2017

Russian-French merger in coffee shops.

The highly fragmented sector of coffee shops is consolidating. The Russian coffee retailer Cantata, which runs 260 coffee and tea shops in Russia, Armenia, Belgium and Cyprus, took a majority...

23 October 2017

Nostrum to enter Germany and Switzerland.

The low-cost catering retailer Nostrum (expected sales of €35 million in 2017, up by 17% via 150 restaurants) signed two master-franchise deals in Germany and in Switzerland. In Geneva, the...

23 October 2017

Decathlon returns to the U.S.A.

After a failed attempt to sell in the U.S. from 1999 to 2006, Decathlon has relaunched. It is about to open a website plus a “lab store” located in bustling Market Street, San...

23 October 2017

SMCP launches into a steep trajectory

Eager to accelerate global expansion and reduce debt, the accessible luxury retailer SMCP (owner of Sandro, Maje and Claudie Pierlot, sales of € 786 million in 2016 up by 16.4% in H1 2017) is...

23 October 2017

Ikea’s growth slowed in 2017

In the fiscal year to late August 2017, the sales of Ikea Group reached €38.3 billion, an increase of 5% (including franchises) via 403 stores in 49 countries. The slowdown in sales has been...

23 October 2017

Fast fashion. From global to ultra localised ?

As every retailer is looking for levers to generate traffic amid fierce competition of new pure players selling directly to customers and advertising on social media, ultra-localised fashion is...

23 October 2017

Jumia: Africa is now online !

How can online retail become profitable in Africa ? Sophie Baqué met Juliet Anammah, C.E.O. of Jumia in Nigeria, to discuss her vision and strategy in this market of 185 million inhabitants.

23 October 2017

Macy’s poaches an eBay’s Director

The Senior Vice President of eBay North America, Mr. Hal Lawton (aged 43) has left eBay on his appointment as President of Macy’s, reporting to C.E.O. Jeff Gennette, in post since March...

19 September 2017

Malte Horeyseck to disrupt Brazil’s furnitures

The Brazilian entrepreneur Malte Horeyseck, founding partner of Dafiti fashion e-retailer, is starting a new venture called “Grupo Lar”. This is an online furniture retailer in...

19 September 2017

Continued cost reduction at Burberry

As the global luxury market slows, Burberry appointed Mr. Marco Gobbetti as the new C.E.O. in July 2017, replacing Christopher Bailey who remains Chief Creative Officer. Gobbetti completed a

19 September 2017

Ikea expands in every direction in Asia.

Mr. Patrik Antoni, Country Manager of Ikea India, confirmed April 2018 as the launch of a 1st Indian unit, in Hyderabad’s IT hub near Gachibowli. This represents an investment of

19 September 2017

Calzedonia and Intimissimi launch on Tmall.

In September 2017, both Italian brands are selling on the Chinese online platform owned by Alibaba. In July, the struggling U.S. fashion retailer Abercrombie also started selling on Tmall, eager...

19 September 2017

IAPM rents soar.

“In Shanghai, annual rents at our IAPM shopping mall vary between €1,850/ sq.m GLA and €2,780 / sq.m GLA, said Nicole Wu, Leasing Operations Manager at Wanda Commercial Management...

19 September 2017

Decathlon lands in Hong Kong.

In August 2017, Decathlon (sales of €10 billion in 2016, up by 12%) opened simultaneously two stores in Hong Kong in Grand Plaza, Mong Kok and in Causeway Bay (HK Island). In 2016, China...

19 September 2017

Shake Shack lands in China

The U.S. fast-food chain Shake Shack (revenue of US$268 million in 2016, up by 41%) will make inroads in Hong Kong and in China in 2018. Both territories will be operated by Maxim’s...

19 September 2017

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