All articles

Omnichannel, video, photo: online and in-store, customer reviews are re-inventing themselves
As e-commerce returns to growth, online retailers need to optimise customer reviews to stay ahead of the game. We look at the strategies of Amazon, Shein, Temu, Fnac Darty, Decathlon, Picard...
Richemont takes control of 33% of Mytheresa in exchange for sale of YNAP
On October 7, 2024, Richemont (sales of €20.62 billion in 2023, up 3.3%) announced the sale of Yoox-Net-A-Porter (YNAP ) to German marketplace Mytheresa (sales of €840 million in the...
USA: CVS makes further redundancies and plans to split retail and health insurance businesses
According to CNBC, drugstore retailer CVS Health (sales of US$357.8 billion in 2023, up 10.9%, net margin at 2.3% of sales) has hired consultants to carry out a strategic review of the business...
U.K. With late payments by Prada and Kurt Geiger, the government is tightening the screws
Last month, the British government presented an array of measures to limit late supplier payments and to support SMEs. According to the lobby group Good Business Pays, in 2023, Prada (LVMH) paid...
4 October 2024
Affinity insurances : 18 months’ imprisonment sought for SFAM’s CEO
Already fined €10 million in 2018 by the insurance financial watchdog (ACPR), Mr. Sadri Fegaier was the subject of a request for the maximum sentence at the trial of Indexia (formerly SFAM)...
4 October 2024
After Paris 2024, LVMH signs a 2nd sports contract with Formula 1
After partnering the Paris 2024 Olympic Games for a fee of €150 million, the LVMH group signed a 10-year contract on October 2, 2024 as a premium partner of Formula 1 (F1). The partnership...
3 October 2024
In 2024, Costco maintains growth and raises net margin to 2.9% of turnover
On September 26, 2024, Costco, the world’s 2nd largest food retailer by sales, published results for the financial year ending August 2024. Continuing the growth momentum of 2023, the...
Focused on beauty in the U.S.A., Yuka doubled customers in one year
In the U.S.A., where product safety mobile apps are becoming increasingly popular, Yuka has already won business from over 4.5% of Americans.
1 October 2024
Swiss department stores Globus are now under Central Group’s Thai governance
On September 30, Thailand-based Central Group (sales of €3.3 billion for Central Retail in H1 2024 up 6%), completed ownership of Switzerland’s Globus. Although the chain was acquired...
1 October 2024
Puma uses Google AI to personalise online product sheets by country
German brand Puma (sales of €4.2 billion in the half-year to June 2024, down 2.1% at constant exchange rates) announced on September 24 the use of Google Cloud’s GenAI on its websites...
California bans the sale of all plastic bags in stores
On September 22, 10 years after a first attempt, California passed a law banning the sale of non-recyclable plastic bags (single-use or reusable). The law will come into force on January 1, 2026...
1 October 2024
[mind Retail Exclusive] How Custplace’s AI automates the collection of customer reviews for Darty, Optical Centre and KparK
On October 1, 2024, Custplace, the SaaS platform managing customer and employee reviews, announced the beta test launch of “Inbox IA”. This solution enables customer reviews to be...
1 October 2024
How GenAI is boosting the efficiency of customer relations and after-sales services
Previously neglected in the a digital world, customer relations teams are now being boosted by the potential of GenAI. mind Retail takes a look at the most effective case studies in retail and...
1 October 2024
Retail Media: Equativ acquires Kamino Retail
The Equativ marketplace (owned by Bridgepoint since 2023) announced on September 26, 2024, the acquisition of Kamino Retail, a company specialising in monetising retailers’ websites. Kamino...
27 September 2024
Payment: Klarna arrives on Adyen’s EFTPOS terminals
Swedish deferred payment specialist Klarna is planning to expand a presence in the physical retail sector using Adyen terminals. Announced on September 26, fractional payment products (BNPL) will...
27 September 2024
Couche Tard, spurned by 7/Eleven, wants to continue negotiations
After the failed attempt to take over Carrefour in 2021, the US$38 billion offer from North American retailer Couche Tard (owner of Circle K stores, sales of US$69.3 billion in the year to the end...
26 September 2024
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