With tourism on the rise, Lawson is capitalising parking lots by renting
On July 7, 2025, Japanese convenience store chain Lawson (2023 revenue: 7.56 billion dollars, up by 8.8% year-on-year) announced the launch of a trial parking rental service for tourists. Starting...
Shein must pay €40 million fine for misleading business practices
On July 3, the French Ministry of Economy fined ultra-fast fashion giant Shein 40 million euros for misleading business practices following an investigation by the General Direction for...
In the U.S.A., Kroger and Albertsons begin targeted store closures
On June 20, Kroger (2024 revenue: US$147 billion, up by 1.5% year-on-year via 2,731 stores) announced closure of 60 unprofitable stores in the U.S.A. by the end of 2026. After posting sales of...
Home Depot acquires GMS for US$5.5 billion and confirms shift towards an integrated B2B model
With 50% of revenue from professional customers and a weakening property market, The Home Depot is making a second major investment in B2B. To acquire GMS Inc., the company is offering US$5.5...
Central Retail invests US$1.4 billion in omnichannel strategy in Thailand and Vietnam
On June 24, the subsidiary of Thai conglomerate Central Group, Central Retail Corporation (revenue for the year ended March 2025: US$7.3 billion, up 5.7% year-on-year) unveiled a major US$1.4...
Divestitures, restructuring: BHV and El Corte Inglés seek a second wind
In mid-June, El Corte Inglés department stores published annual results for the year ending February 2025. After deciding in April to abolish the executive committee, the retailer reported...
Ahead of an I.P.O., Reliance is reorganising a luxury division to increase capitalisation
According to The Economic Times on June 25, Reliance Industries integrated the luxury subsidiary Reliance Brands (85 brands, including Burberry, Bottega Veneta and Tiffany & Co.) into a main...
[Luxury Barometer] Global Top 5 in 2024: a delicate balance
As Richemont and Chanel publish 2024 accounts (May 2025), mind Retail analyses the health of the world's top five luxury brands—LVMH, Chanel, Hermès, Kering, and Richemont—using 5 indicators...
Malaysian company Mr.DIY opens in South Africa
South Asian D.I.Y. discount retailer Mr.DIY (2024 revenue: US$984 million, up 6.7% year-on-year, via 5,000 stores in Asia and Europe) is preparing to sell in Africa with a first store in South...
Colruyt and Carrefour rebalance European assets
On June 17, the Les Mousquetaires Group (2024 sales: €42.5 billion, up 6.4%) announced exclusive negotiations to acquire 81 Colruyt stores, 44 petrol stations, and 1,300 French staff. The...
Italy’s Conad to invest €258 million in store network
On June 9, the Italian group Conad (2024 revenue of €21.1 billion, up 4.5% year-on-year after a rise of 8.1% in 2023) announced an investment of €258 million by 2027 in a network of...
Financière Agache, a Bernard Arnault’s holding company, exits Lagardère’s capital
It’s the end of a strategic partnership. According to the AMF, Bernard Arnault’s holding company Financière Agache sold the remaining 7.97% stake in the Lagardère group...
USA : Dollar General capitalises on tariffs trade tensions
In the U.S.A., the second-largest discount grocer after Aldi reported excellent business results. It seems that the 55% tariff increase on Chinese products has been a godsend for low-cost...
Menswear brand Snitch raises US$40 million to expand in Asia and the Middle East
In India, men’s label Snitch (2024 sales: US$29.4 million, up 128% in a year, net margin ratio of 1.8% via 60 stores) raised US$40 million in Series B funding on May 27 (investors: 360 ONE...
Dick’s acquires Foot Locker for US$2.4 billion
After JD Sports and Courir in November 2024, a consolidation trend continues. On May 15, Dick’s (sales 2024: US$13.4 billion, up by 3.5% year-on-year, net margin ratio 8.7%) announced the...
Qashflo, the financing solution dedicated to marketplaces sellers, ceases operations
Qashflo, an accelerated payment solution for 3P sellers on European marketplaces, is closing. Despite a positive recovery, the company has not secured sufficient shareholder equity to ensure the...
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Most viewed articles of the month on mind Retail
What readers clicked on the most last month.
What readers clicked on the most last month.
1
Before an IPO, Shein forced to reveal margin erosion in 2025 and impact of US tariff shock
Made public ahead of a Hong Kong listing planned for September, Shein’s financial documents, seen by mind Retail, confirm the shift experienced by the fast-fashion retailer. Despite a 8% sales...
2
O’Boticario rolls out AI diagnostics across 4,000 stores with Haut.ai
On August 18, Brazilian cosmetics retail chain O’Boticario (2025 GMV up by 6.7%) announced the deployment of skin analysis technology provided by Estonian start-up Haut.AI. It will be rolled...
21 August 2026
3
Hugues Chanoine (Hygie31 Digital): “The next step is to eliminate filters to move to 100% conversational search”
The Hygie31 retail group, known for the Lafayette Pharmacies, is continuing to transform its websites, driven by Cocooncenter. Thanks to an AI strategy and a fully redesigned IT architecture, it...
4
ChatGPT: Bureau Vallée’s recipe to capture back-to-school spending
By launching a conversational chatbot with Algolia and a new module converting school lists into e-commerce carts this summer, Bureau Vallée aims to ease the chore of back-to-school supply list...
5
Walmart finally accepts in-store payments with Apple Pay and Google Pay
Sanctioned by financial markets after a sharp US slowdown in Q2, Walmart is reviewing a checkout strategy. Abandoning a rejection of technological giants, the group is rolling out Apple Pay and...
24 August 2026
6
Why Shein emits twice as much CO2 as Inditex for equivalent revenue
On the occasion of an IPO, Shein revealed a carbon footprint of 25.5 million tonnes of carbon dioxide in 2025, up by 20% compared to a reference year. For an equivalent sales level, the fast...