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Ingvar Kamprad. The passing of the Ikea legend
In 1943, (aged 17), Ingvar Kamprad created a mail-order company called Ikea, selling a range of goods from watches to pens, and he added furniture in 1948. Ingvar Kamprad, born on March 1926, in...
27 February 2018
From Gucci to Geox
Geox has poached an expert in luxury goods to lead its brand of quality shoes. Matteo Mascazzini became C.E.O. of the Italian retailer on February 1st, replacing Gregorio Borgo, who is leaving the...
27 February 2018
Wal-Mart. New international head
On February 1, Judith McKenna succeeded David Cheesewright as C.E.O. of Wal-Mart’s international business, without revealing the reasons for the change. McKenna has worked at Wal-Mart for...
27 February 2018
Amazon is now the 6th largest global retailer
The 21st edition of the “Global Powers of Retailing” survey from Deloitte showcases how the 250 largest retailers performed in 2016. U.S. firms, headed by Wal-Mart, remain the big gorillas...
27 February 2018
China decreases import tax on F.M.C.G. products
Multinationals such as Nestlé and Danone have good prospects in China in 2018, as import tariffs on 187 categories of consumer goods fell from an average 17.3% to
27 February 2018
Luxury retail sales soar in China
According to McKinsey & Co, China accounted for 75% of luxury spending growth in the 8 years to 2016. China will account for 44 % of the luxury global market by 2025.
27 February 2018
Major takeover for Walgreens Boots in China
The world’s largest drugstore retailer, also the 5th biggest retailer by sales worldwide, will invest
27 February 2018
Galeries Lafayette downsize in China
By the end of 2018, a 2nd Galeries Lafayette’s Chinese unit will open in Shanghai within the Pudong Mall, a mall under construction located on Pudong Nan Road (between Shangcheng Road and...
27 February 2018
Vietnam is now an awaking Asian dragon
In 2017, Vietnam’s retail sales grew by 10.9% year-on-year to US$129.6 billion, driven by a rising middle class, an influx of international retailers and a 6.3% G.D.P. growth in 2017. In the...
27 February 2018
Alibaba / Tencent. The race is on to lead Chinese grocers
Eager to tackle groceries as the last frontier in e-commerce, almost all grocery retailers active in China have teamed up with Internet giants. In mid-January 2018, Carrefour-China announced an...
27 February 2018
Is Indian demand for luxury taking off ?
The Indian fashion designer Rahul Mishra has embarked on building a retail empire, opening an array of individual stores in Europe and India. His first store covering 1,395 sq.m GLA called...
27 February 2018
Dyson is growing in China
Having launched in China in 2013 via wholesale agreements and online, Dyson is accelerating its retail footprint. In May 2017, the British premier home electrical retailer opened a first...
27 February 2018
Wagamama restaurants see further potential in the U.A.E
The Japanese specialized restaurant operator Wagamama, based in the U.K., opened a 370 sq.m GLA restaurant in January 2018. This is in the Dubai Mall (156 seats with communal tables and an outdoor...
27 February 2018
Spar International expands in Saudi Arabia
As announced as early as 2013, the Dutch grocer Spar International (sales of €33.1 billion in 2016 via 12,500 stores worldwide) added 3 stores in Riyadh in January 2018, which cover 2,900 to
26 February 2018
U.A.E. beauty spending is amongst the world’s highest
According to Euromonitor International, in 2016, the average transaction for beauty products reached US$239 per capita in the U.A.E. The country ranked 7th in the world for beauty spending, a rise...
26 February 2018
In Dubai, the Ibn Battuta Mall posted a record of traffic
In 2017, the Ibn Battuta Mall (owned by Nakheel) recorded 21 million visitors, driven by an influx of tourists, new residential developments in surrounding areas and
26 February 2018
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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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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...