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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
Walgreens Boots Alliance launches 22 robotic warehouses
The U.S. drugstores giant Walgreens Boots Alliance (sales of US$33.8 billion in Q2 2022, up by 3% year-on-year) announced on 30th March investment for 22 new robotic micro-centres in the United...
4 April 2022
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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...