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China : Alibaba and JD.com spin-offs delight investors
On 30th March 2023, JD.com announced a spin-off of property and industrial units from the core business in order to list these on the Hong Kong Stock Exchange. In the listing documents filed on...
Armani unveils new property project in Dubai
Armani (2021 turnover of €2 billion, up by 26% vs 2020) with an interior design division, Armani / Casa, has partnered with property developer Arada to create a luxury residential complex in...
Coty, Estée Lauder, L’Oréal: China at the heart of the strategy
Cosmetics giants have accelerated their investments and development for the Chinese market in 2022, including new outlets and building innovation centres. We consider the main strategies.
4 May 2023
[Amazon results] Focus on A.I. to revive AWS, a declining source of profitability in Q1
Whilst Amazon's e-commerce business is losing momentum (down by 0.1% year-on-year), the AWS cloud service is recording the slowest growth since 2015. To improve profitability, the tech giant is...
Galeries Lafayette: New impetus in China, concern for the 25 French stores in provinces
While Galeries Lafayette has signed with a new Chinese partner, in France, the financial safeguard procedure for 26 department stores raises stakes of territory appeal at a national level.
Decathlon relies on Heyteam on-boarding to optimise integration of dual work-study
From 2021, the sporting goods retailer Decathlon partnered with a Heyteam staff induction platform to seamlessly integrate new work-study students. These have more than doubled in three years. The...
28 April 2023
How Etam wants to generate additional revenue from in-store returns
The underwear retailer Etam (804 stores in 45 countries in late 2022, including 593 fully-owned), whose 90% of sales are generated by stores and 10% online, added a “return management”...
28 April 2023
For 30% of retailers, staff spend too much time managing returns
According to a survey of 500 fashion retailers in the U.S.A. and the U.K. by the R.F.I.D. specialist SML Group, a third of retailers say they spend too much time processing returns manually. This...
27 April 2023
Sephora partners with Pact Collective to collect more empty packaging
In the U.S.A. and Canada, Sephora (LVMH, 17% organic growth in Q1 2023, as in 2022) signed a partnership with Pact Collective. This project, called Beauty (Re)Purposed, aims at collecting empty...
Casino – Teract: Intermarché is joining the fray
Interrupting a proposed merger between Casino and Teract, Intermarché is joining the fray. The firm wants to take over about 100 Casino French supermarkets to gain 0.7% market share. This is...
[Confidential] In 2022, King Jouet recorded only €150,000 in retail media revenue
Having initiating retail media in 2020 with Criteo, King Jouet (330 stores in France, Switzerland and Benelux, steady turnover of €412 million in 2022) the firm shared results...
21 April 2023
USA: Ikea invests €2 billion over 3 years with omnichannel
Boosted by the tax benefits of the Inflation Reduction Act from August 2022, Ikea is investing €2 billion over 3 years to turn the U.S.A. into the largest market by sales. However, on an annual...
Neil Pein, BNP Paribas : “We will launch SoftPOS as a pilot in Q2 2023”
Axepta, which brings together cash solutions for retailers within BNP Paribas, integrated Floa's fractional payment offerings into customer service offerings in 2022. Neil Pein, Head of Payments...
21 April 2023
Food retail: 6 charts to understand the financial health of the world’s Top 10 in 2022
Rising costs, inflation, purchasing power. After 2 years of crazy growth boosted by Covid-19, 2022 was a good one in terms of sales, but not profitability. For the 2023 edition of this exclusive...
Convenience: Japan’s 7-Eleven powerhouse eyes Europe sales
Since the beginning of 2023, competition has intensified in Europe with the arrival of new grocery operators. The Japanese giant Seven & I Holdings is about to make inroads in various...
18 April 2023
Guillaume Darrousez, CEO Petit Bateau: After 6 months, a second-hand spending customer starts buying our new products”
Guillaume Darrousez, C.E.O. of the Petit Bateau children's wear brand, was a guest of the latest FrenchFounders meeting in Paris, attended by mind Retail. He shared future plans to combine carbon...
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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...