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Faced with a 183% turnover, Chipotle pays off its employees’ loans
Distribution of free shares, financing of student loans, assistance with pension payments... In a sector where turnover exceeds 75% in the U.S.A., fast-food retailer Chipotle is redoubling efforts...
CSRD: Why global retailers are more exposed
Eight months before the publication of the first extra-financial reports, CSRD is shaping up to be a major challenge for European retailers. Headaches include collecting data from globalised...
30 May 2024
After very heavy weather, Chalhoub and Times Square take emergency measures
Two heavy storms wreaked havoc in Dubai on April 16 (254 mm of water) and on May 2. The damages recorded, with the heaviest rains the city has seen since 1949, is still being assessed for the...
29 May 2024
Augmented reality: start-up Zero10 deploys mirrors in Dubai
By 2024, augmented reality (AR) mirrors are set to transform the retail sector, particularly in fashion and entertainment. Led by George Yashin, Cypriot start-up Zero10 offers an AR mirror...
E-commerce: Central Food Retail deploys hubs in 600 convenience stores
As in Europe, omnichannel retailing is a guarantee of profitability in Thailand. This is shown at Central Food Retail (700 stores, sales of US$ 1.4 billion in 2023), where 70% of Web orders are...
Mirakl launches 24-hour vendor onboarding with Mistral AI and OpenAI
On May 28, Mirakl (ARR of US$160 million in 2023, up by 20%) announced the beta launch of Catalog Transformer. The solution is based on Mirakl algorithms (Artificial Mirakl Intelligence) and LLM...
[mind Retail Exclusive] Asda reduces phantom stock by withdrawing 1.6 million products
According to our information, the British retailer Asda rolled out Retail Insight's latest solution in all its supermarkets. The grocer aims to reduce inventory errors, which are responsible for...
24 May 2024
Ghislain Boyer, KPMG: “With CSRD, ESG will eventually hit retailers very hard”
Global retailers are particularly affected by the imminent arrival of Europe’s CSRD (Corporate Sustainability Reporting Directive), according to Stephanie Grandjean Mateos and Ghislain Boyer...
Mental health: Kate Spade raises awareness among 900 store managers
On May 16, 2024, on the occasion of the Mental Health Day of Action in the U.S.A., luxury label Kate Spade (sales: US$1.42 billion in the year to end June, a fall of 2% in a year) boosted its...
24 May 2024
E-commerce: LVMH and Alibaba combine cloud and AI technologies
On May 22, at Viva Technology, in Paris, LVMH and Alibaba announced a five-year technology partnership to optimise customer experiences and logistics (inventory management, distribution) of the...
24 May 2024
[mind Retail Exclusive] Lacoste signs with StrutFit to reduce online returns
On May 23, at Viva Technology in Paris, mind Retail learned of Lacoste‘s signing with New Zealand’s StrutFit in March 2024. StrutFit‘s tech solution, based on computer vision and...
Despite escapades, Temu’s owner triples Q1 profit
On May 22, China’s Pinduoduo (founded in 2015), parent company of the controversial Temu, announced quarterly results. Sales rose 131% to €11 billion, while net profit (€3.57...
Google, Meta: How Leroy Merlin boosts digital acquisition in South Africa
For the past 18 months, Leroy Merlin South Africa has been working with Impulse Analytics, a consultancy specialising in digital acquisition, to boost online presence and online sales. Vincent...
[mind Retail Exclusive] OBI chooses VTEX to better equip franchisees in e-commerce
Mind Retail learned that Obi has changed OMS and e-commerce platform partner. This should enable Germany's second largest DIY retailer, which is conducting a shift towards franchising, to...
BoursoBank launches a retail media offer
On May 15, 2024, in France, BoursoBank (6.3 million customers) gave an initial assessment of a “VIP” (Very Important Partners) retail media offer, rolled out at the beginning of the...
22 May 2024
EGalim4: Carrefour, Intermarché and Leclerc deploy unprecedented lobbying efforts
In France, a letter co-signed by Alexandre Bompard (Carrefour), Thierry Cotillard (Intermarché) and Philippe Michaud (Leclerc) was sent to the Elysée Palace on May 6, requesting an...
22 May 2024
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