[Inflation Barometer] Despite inflation stabilising in 2024, European retail is still being penalised by prices that are too high In 2024, inflation reached a moderate level of +2.4% in both the Eurozone and the U.S.A. In the long term, the gap in terms of consumption is real: over 3 years, food inflation reached +25% in Europe compared with +15% in the USA. This price uplift is penalising the retail sector in France and Germany. In the USA, however, the retail sector is in good health.
data Black Friday : European average online spending up 14% in 2024 In Western Europe, Black Friday 2024 was characterised by an increase in spending and volumes (no inflation effect) and a massive recruitment of new e-shoppers. Although customers' participation, at 46%, exceeded the 2020 peak, the marketplaces imposed their rules. TikTok Shop is now one of the 10 best-performing sites.
Temu gained 5.4 million visitors in France in Q3 2024, versus 344,000 for Amazon Europe In Q3 in France, of the 6 online retailers that gained over a million monthly Unique Visitors (UVs), 5 were marketplaces. Whilst Temu leads the way, with a gain of 5.4 million visitors, Carrefour is also doing well.
For the first time since 2020, the global luxury market is expected to drop in 2024 Americas In 2024, 50 million people have stopped buying luxury brands, according to a report by Bain & Co and Altagamma. In a historic decline, the report recommends re-evaluating the brands' value proposition and creativity.
Inflation, retail sales, unemployment: 7 charts to understand the health of retail in Europe and the U.S.A. in H1 2024 mind Retail presents a review of macro-economic indicators for the 1st half of 2024. At the end of June 2024, what was the level of inflation in Europe, the U.S.A. and China? How is it impacting the retail market? Read our analysis based on data from Eurostat, the US Census Bureau and China's National Bureau of Statistics.
[mind Retail Day] Six fashion, home and B2B retailers facing circularities’ challenges At the mind Retail Day on June 19, Béatrice Brandt (Le Jacquard Français), Loic Gauchet (5ASEC Business), Anne-Laure Grand (Decathlon Pro), Marie Kennel (Christofle), Damien Pellé (SMCP) and Julia Zapata (Amazon Business) presented sustainable initiatives. For most companies, a second-hand business is not yet profitable, but shows promise. For the B2B sector, retailers are gearing up to capture customer demand for sustainability. We assess the strategies.
[Case study] With Getinside, Total Energies tests a new acquisition lever for e-commerce parcels The Wash carwash network (Total Energies) is one of the first companies to have tested an acquisition campaign with Getinside. This digital marketplace treats e-tailers' parcels as monetisable space to meet recruitment strategies. However, the retailer also encountered a drift that left post-campaign tracking with mixed results.
Retail media: One year after launch, Mirakl Ads faces challenges ahead The recent partnership between Mirakl and Havas has put the spotlight once again on the digital marketplaces provider's retail media offering, which combines technology and advertising network. A year after the roll-out, Mirakl Ads now needs to sign up with leading retailers, in a highly competitive market.
[Amazon results] In Q3 2023, Amazon more than tripled net margin on the back of a savings plan and a return to fundamentals After a post-Covid-19 pandemic slowdown, Amazon's net margin more than tripled in Q3 2023. Over the 9 months of the year, growth was driven by the digital marketplace, AWS and advertising - three divisions accounting for 73% of revenue gains. With US$6 billion in additional sales in 9 months, advertising has overtaken e-commerce and is now hot on the heels of AWS in terms of growth contribution.
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.
