[case study] How PepsiCo partnered with Uber Eats for retail media Since September 2023, Uber Advertising, the international advertising network launched by Uber at the end of 2022, has been offering a retail media service based on the Uber Eats app, using Criteo's technology and commercial muscle. We look back at the first major campaign in France, run by PepsiCo to boost online sales.
According to PWC, U.S. shoppers will spend US$1,530 in the holiday season According to a survey from Pricewaterhouse Coopers (amongst 4,000 US consumers and published in October), the average budget for the holiday season will reach US$1,530 this year.…
Inflation, retail sales, unemployment: 7 charts to understand the health of retail in Europe and the U.S.A. Every month, mind Retail analyzes the macroeconomic indicators of the retail market, based on the latest data from Eurostat and the Census Bureau. While the market has been experiencing significant fluctuations for 18 months, these charts show the evolution of inflation in Europe and the U.S.A. (September 23 HICP figures), unemployment and their impact on retail sales (August 23rd data).
[Ikea results] Ikea on track for €50 billion sales in 2024 Despite a declining Web traffic, digital transactions accounted for more than 25% of Ikea's business in 2023. The world's largest furniture retailer maintained growth momentum to aim for a €50 billion mark in 2024.
Furniture and bulky goods: new initiatives for re-use While second-hand digital platforms made their mark in the fashion sector (Vinted accounted for 12.6% of the volume of clothing purchased in France in H1 2023), furniture retailers, with their bulky products that are expensive to move, face a different challenge. How to add value to returned and second-hand products? With which technological partners? Mind Retail interviewed Ikea, Miliboo, Conforama, Darty, Vitra, Rendez-vous Deco, Smartback and Izidore to understand the new levers of reverse logistics.
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 crisis factors of recent years, omnichannel retailers such as Inditex, Nike and Fast Retailing are the most profitable. Discounters such as TJX are also doing well in an inflationary environment. E-tailers are facing the limits of their 100% digital model, while returns rates are undermining their business model.
Photovoltaics, electricity bills: retailers launch a green offensive Over and above the inflation caused by the war in Ukraine, retailers are stepping up initiatives to make energy a profitable line item in their P&L. How have they managed to reduce electricity consumption in 2022, and by how much? With the development of shaded areas, can energy become a profitable business unit? mind Retail interviewed a dozen retailers to find out their strategies.
[Amazon results] Operating margin doubled, driven by e-commerce and the marketplace in Q2 2023 Amazon's total sales rose by 11% in Q2. While cloud services continued to slow, e-commerce and the marketplace returned to sustained growth. To improve efficiency in the last mile and speed up deliveries still further, the group is rethinking the logistics strategy in the U.S.A.
Automatic checkouts: Specialist retailers follow in supermarket footsteps Automated checkouts have been widely adopted by supermarkets, and are now being deployed at specialty retailers. Between recruitment difficulties, cost inflation and consumer satisfaction, chains such as Fnac, Kiabi and Leroy Merlin have followed in the footsteps of pioneers such as Ikea, Décathlon and Zara.
EPR in the building sector: retailers struggle to set up collection points In France, since May 1, the trade and DIY sectors have been paying an eco-contribution for the recycling of end-of-life products as part of the EPR program for the building industry. By December 31, 2023, this law will require all stores over 4,000 sq.m to set up a mandatory take-back point. mind Retail interviewed retailers and eco-organizations, to see how deployment was progressing (investments, deployment of collection points) and the difficulties encountered.
