Beauty: Nykka relies on express delivery to deliver 50% of orders on D+1 Asia On September 3, according to Office Chai, Indian omnichannel fashion and beauty retailer Nykka (US$770 million turnover in 2023,…
Xavier Niel joins the board of directors of ByteDance, parent company of TikTok Americas TikTok has until the end of January 2025 to meet an ultimatum set by the United States, and Frenchman Xavier Niel joined the board of Directors for ByteDance, TikTok's parent company.
In the U.S.A., pure-players account for 37% of back-to-school purchases Americas In the United States, sales of school supplies are expected to reach US$31.3 billion by 2024 (Deloitte).…
The Olympics boosted sales of Decathlon, Nike and supermarkets Europe Buoyed by licensed products, the enthusiasm for sport and the influx of foreign visitors to Paris, the French retail sector enjoyed a boom during the two weeks of competition. Here is a detailed report, based on data from NielsenIQ, Similarweb and the retail chains.
Ikea and Walmart rely on marketplaces to boost second hand sales Americas While Walmart is introducing new categories of second-hand products to its marketplace, Ikea is testing a version of C2C digital marketplace. While this approach has not been successful for fashion retailers, what does the future hold for furniture?
[confidential] Blissim transfers thousands of customer reviews to the Sephora website Europe Since June 1, 2024, subscription beauty box specialist Blissim (1.2 million customers in France, 2023 turnover of around €50 million) has been capitalising on customer reviews.…
In one year, 50% of UK TikTok users have bought on TikTok Shop Americas In both the UK and the USA, TikTok Shop is gaining market share in the fashion and beauty categories. In the first half of 2024, the TikTok e-commerce service became the 10th-largest e-tailer in the UK, and the 16th-largest in the USA.
Despite better Q2 results than Alibaba, Temu reviews strategy Asia The quarterly results to the end of June for Alibaba (sales up 4%, including down by 1% for retail) and Temu (sales up 86%) worried financial markets. Rising competition from TikTok and other pure-players, combined with a slowdown in Chinese consumer spending, prompted both players to review strategies.
Toy specialist Hamleys opens more concept stores in Dubai and London Africa, Middle East Europe In Dubai, on August 23, Hamleys (2023 sales: US$59 million, down by 8.8%, after a rise of 68% in 2022),…
China: After an upbeat Q2, Walmart sells JD.com Asia After exceeding expectations in Q2, Walmart announced a sale of all shares in pure-player JD.com. By streamlining investments, the firm will continue to focus on e-commerce in the U.S.A. and the Chinese business, particularly via Sam’s Club.
