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Tony Sciarrotta, Reverse Logistics Association : “Recycling is always the worst option in terms of value creation”
At a time when the NRF has just acquired the Reverse Logistics Association (RLA), Mind Retail interviewed the Executive Director, Tony Sciarrotta. Between Artificial Intelligence, auctions...
29 September 2023
Lego abandons production of recycled PET bricks
Danish retailer Lego (sales of €3.7 billion in H1 2023, up by 1% vs H1 2022) is giving up manufacturing toys in recycled plastic (Polyethylene Terephtalate) because they produce too much CO2...
29 September 2023
Japan’s 7-Eleven takes a first step into Laos with CP All
On  September 7 2023, 7-Eleven opened a first convenience store in Laos in Vientiane, the country’s capital. A total of 7 stores are planned. This new supermarket is operated by CP All...
29 September 2023
TikTok: Indonesia is about to ban commerce on social networks
Indonesia, the most populated country in South-East Asia (270 million inhabitants), is taking action to limit the risk of the major social networks, such as TikTok, becoming a monopoly. At a...
[info mind Retail] A third of Shein’s suppliers will not be audited in 2023
With the results of the French DGCCRF investigation expected this Autumn, and the U.S. SEC continuing a survey regarding allegations of forced labor, Shein provided an update on its industrial...
Generative AI: Amazon to invest up to US$4 billion in Anthropic
The digital cloud giants are not slowing investments in generative AI, which needs massive computing power to function properly. Following Google and a US$300 million investment in Anthropic in...
Children’s data: TikTok fined US$ 367 million in Ireland
While the European DSA is forcing the platform to be more transparent and protect privacy, the Irish regulator has just punished TikTok for misuse of children's data.
26 September 2023
Fashion: Why omnichannel players are gaining in profitability and e-commerce is suffering, in 6 charts
Mind Retail analysed the financial results of the 12 largest fashion retailers between 2019 and 2022, to understand performance in terms of sales and profitability. As a result of the multiple...
25 September 2023
Pierre Fougeat, Lugh (Casino Group): “All platforms combined, €2.5 million of our stablecoin Lugh are in circulation”
Pierre Fougeat, COO of Lugh Financial Services, a subsidiary of Casino Group, presents the Euro stablecoin Lugh. He details the strategy behind this new business.
22 September 2023
Valiuz Adz : The Mulliez family’s retailers launch a retail media offering
Auchan (grocery) and Boulanger (home electrical products) are entrusting advertising inventory to Valiuz Adz, the Association Familiale Mulliez's new advertising agency for the French market...
22 September 2023
Central Retail invests half a billion dollars in wholesale
Thai conglomerate Central Retail Corp is to create a new wholesale chain. With 43 new stores planned in the next 5 year, the country's largest retailer is focusing on wholesale sales, which are...
22 September 2023
Headwinds in China force SMCP to reduce annual forecasts
On 18th September, the SMCP group (Maje, Sandro, Claudie Pierlot, Fursac) announced an adjustment of annual growth targets due to disappointing sales. While an operating margin in excess of 9.2%...
U.K : Primark persists with click & collect
The click & collect service launched for children's wear in more than half of British stores is successful. Primark now extends this service to women's fashion.
Great Britain: Tesco equips staff employees with body cameras
British retailer Tesco (300,000 employees) is equipping store staff with body cameras, to counter the sharp rise in physical assaults by customers and to enhance safety.
18 September 2023
USA: How Walmart and Amazon are embracing generative AI
While companies like Amazon and Apple have reduced access to generative A.I. tools in workplaces, this is not the case for Walmart (net sales of US$314 billion in H1 2023, up by 6.6%). On August...
16 September 2023
South Africa: Walmart strengthens the team to support digital growth
U.S. giant Walmart is reorganizing the South African business by recruiting Jonathan Collins as Chief Financial Officer, with the aim of boosting online sales.
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