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Online sales down 6.5% for Tesco
Tesco, the U.K.’s leading supermarket chain, published results for the year ended 26th February 2022. Global turnover was €66.3 billion (excluding fuel), up 2.5% compared to 2020.
15 April 2022
Salsify, the owner of Alkemics, reaches a US$2 billion valuation
With fundraising of US$200 million on April 13th, Salsify (2021 revenues of US$111 million, up by 53%) is now valued at US$2 billion. The TPG fund, which acquired a stake in Salsify, Permira...
15 April 2022
India : Reliance, Flipkart and Pepperfry drive warehouse demand
According to a study by Retailers Association of India, retail sales in India rose by 28% in March 2022 (year-on-year), quickly returning to growth after the Covid-19 Omicron wave in January.
15 April 2022
Online “off-price” sales reached €17 billion in 2021
The digitalisation of the outlet sector continues. According to a McKinsey study, the online market of off-price retail soared since 2020. It should grow 5 times faster than standard retail...
15 April 2022
Mangopay is now American
Advent International acquired Mangopay, a payment solution for marketplaces,without revealing the investment. As a previous owner, Credit Mutuel Arkea is reinvesting in Mangopay as a minority...
15 April 2022
Singapore. Poor results for retail in February
In February 2022, Singapore’s retail sector (excluding car sales) declined by 1.8%. In January, its sales increased by 16.1% year-on-year.
7 April 2022
Inflation: How to optimise prices with data?
Rising costs of raw materials, energy and transport are shaking up the value chain of retailers. With their specificities, the challenge is to maintain a triple logic of attractive offers...
7 April 2022
Picnic wins €1 billion sales and automating with TGW
Dutch pure-player Picnic (selling in Germany and in France) has more than doubled sales from €470 million to €1 billion in 2021. “The model is profitable,” Grégoire...
7 April 2022
Casino and Lulu Group review their strategy in the Middle East
The grocery retail market is evolving in the United Arab Emirates. At the beginning of April 2022, the Casino Group‘s business (total sales of €30.5 billion in 2021, down by 0.8% on a...
7 April 2022
Fashion. Brussels wants a greenwashing blacklist
While Shein has just launched the #sheinact, a challenge to sort out one’s wardrobes through a Tik Tok challenge and a physical barter system, Brussels wants to establish a...
6 April 2022
Retailers face the inflation challenge for raw materials and energy
In March, inflation broke records in Europe. From Truffaut (owned by Louis Delhaize) to organic supermarkets, retailers are responding to the rise in costs in different ways, including increasing...
6 April 2022
Urban and omnichannel : Ikea’s priorities for Thailand and Singapore
Continuing a strategy of focusing on city centres, Ikea will open a store in Thailand, in the Emsphere shopping centre, currently under construction (owner The Mall Group). Located on Sukhumvit...
Fashion. Shein valued at US$ 100 billion
On April 5, 2022, the Chinese pure-player Shein raised up to US$2 billion from existing shareholders of Tiger Global Management and Sequoia Capital China, and also General Atlantic as a new...
5 April 2022
Americans increasingly adopt “click & collect” services
According to Mercatus Grocery Shopping, in the U.S.A., online grocery sales reached a 13% market share in 2021, compared with 11% in 2020.
5 April 2022
H&M’s international operations in China and Russia under review
Losing momentum in two major markets, the Swedish fashion retailer Hennes & Mauritz (turnover of €4.7 billion in Q1 2022, up by 18% year-on-year) has decided to close 240 stores.
4 April 2022
Etam launches into the USA with Nordstrom
According to Women’s Wear Daily, lingerie retailer Etam is making a U.S.A. debut. On 4th April 2022, the company opened 10 “corners” in 10 Nordstrom stores as well as on the...
4 April 2022
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Most viewed articles of the month on mind Retail
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1
GDPR: Amazon’s €746 million fine is cancelled for now
Luxembourg’s Administrative Court has overturned the record €746 million GDPR fine against Amazon, citing procedural gaps in the CNPD's original 2021 investigation. While the court confirmed the...
23 March 2026
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Italy seizes €27.4 million from CEVA Logistics for fraud and undeclared labour
On March 3, 2026, Italian tax authorities announced the seizure of €27.4 million from two Italian subsidiaries of French supply chain specialist CEVA Logistics, itself a subsidiary of the...
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Conflicts in the Middle East: what impact on the supply chain and European retail?
With US and Israeli strikes on Iran triggering a major crisis on February 28, 2026, retailers already have to face the closure of strategic trade routes, rising freight costs and import...
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Following a complaint from the FTC, Walmart agrees to pay US$100 million to Spark delivery drivers
On February 26, 2026, Walmart (2025 revenue: US$713.2 billion, up by 5.1% at constant rates) agreed to pay US$100 million in response to allegations of misleading compensation to delivery drivers...
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Social media & age verification: Tech breaks the glass ceiling of precision
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13 March 2026
6
Faced with sluggish demand, The Home Depot and Lowe’s cut 1,400 jobs and reaffirm a B2B focus
In the United States, with the home improvement and D.I.Y. market under pressure, retail leaders are reorganising. Home Depot and Lowe's, respectively No. 1 and No. 2 in the market, announced...
25 February 2026