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Social commerce: TikTok acquires an Indonesian e-commerce giant
In Indonesia, the parent company of TikTok ByteDance (2022 revenue of US$85.2 billion, operating margin of US$20 billion) finalized the acquisition of the online retailer Tokopedia. Tokopedia is...
1 February 2024
Wayfair lays off 1,650 staff. Maisons du Monde’s sales down 13.8% over two years
In both the U.S.A. and Europe, a number of furniture and decoration companies ended 2023 in dire straits. They are facing a drop in demand, in a context of inflationary shocks, supply-chain...
1 February 2024
[Analyze] The six major challenges facing retail in 2024
A few of the barriers for retail in 2024 include generative AI, retail media, decarbonisation and CSRD, omnichannel efficiency or social commerce. Retail, commercial property and retail tech...
After Fast Retailing, H&M Spain drastically reduces the store network
The need for larger stores serving as e-commerce hubs, combined with the difficulties facing the fashion industry, is forcing the sector’s giants to review future strategies. In Spain...
31 January 2024
Shein’s Wall Street I.P.O. delayed amid diplomatic tensions
Although Shein has increased the lobbying budget over the past 18 months, a future I.P.O. in Wall Street has been delayed. On both sides of the Pacific, the group is the subject of compliance...
30 January 2024
Kristen d’Arcy, True Religion: “After Instagram Shopping, the next step is to launch e-commerce on TikTok”
Kristen D'Arcy, Chief Marketing Officer of the True Religion brand since July 2023, is boosting Instagram and TikTok to win support from younger consumers. In an interview with mind Retail, she...
Employee surveillance: Amazon France fined €32 million
The CNIL has fined Amazon France Logistique for excessive staff surveillance. At the heart of the case is data gleaned warehouse scanning tools, used for surveillance and staff sanctions.
25 January 2024
[mind Retail Exclusive] Christofle prepares to launch a second-hand offer in the U.S.A.
After launching an omnichannel platform in October 2023 to repurchase more second-hand products from French customers, the tableware brand is stepping up the pace in the US market.
Computer vision: Walmart adopts new technology to reduce “scan & go” fraud
In the U.S.A., Walmart's wholesale subsidiary Sam's Club is about to deploy a technology combining AI and computer vision in all stores. The aim is to streamline a self-check-out experience and...
25 January 2024
[mind Retail Exclusive] Kiabi to launch retail media business
Mind Retail learned that, building on the success of a digital marketplace, fashion retailer Kiabi is to launch a retail media business. This is a first for a private-label fashion retailer.
24 January 2024
Discount giant Lidl wants to become a cloud provider
Following in the footsteps of Walmart, Amazon, Target, Ikea and Aldi, which are looking to secure and even make their IT infrastructure more profitable, Lidl's parent company is continuing a foray...
23 January 2024
[NRF 2024] The new levers of retail media seen at NRF
The theme of retail media came to the fore at NRF 2024, with a day of dedicated workshops on 13 January and feedback from a number of players like Kroger, Ulta, and 7/11. Between onsite, offsite...
[mind Retail Exclusive] Marie Ferry joins GfK France
Marie Ferry, who was Director of Retail and Out-of-Home Catering at Adot (a subsidiary of Veepee Ad, Veepee’s advertising network), left the group, according to information supplied to mind...
20 January 2024
Retail media: 7/Eleven to roll out radio format in 30,000 stores
On 14 January, convenience retailer 7/Eleven announced the launch of radio spots as part of retail media formats. This will be deployed across all North American stores. The spots will be managed...
20 January 2024
Carrefour evaluates a grocery subscription program that includes Netflix
The food retailer wants to expand offerings to build customer loyalty, while the video-on-demand platform is looking for new ways to win customers.
19 January 2024
[mind Retail Exclusive] Cegid will be rolled out at Diptyque, Iris Galerie and is set to open a 5th data center
Cegid, the P.O.S. software publisher for specialty retailers, is to open a 5th data center in a fast-growing region. “This is due in Dubai for April 2024,” revealed Nathalie Echinard...
19 January 2024
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