Blackstone and Permira take over parent company of Leboncoin for €12 billion Europe The Norwegian group Adevinta, parent company of Leboncoin C2C website, is changing shareholders. A €12.1 billion offer from a consortium of private equity funds (Blackstone,…
The British Supreme Court refuses to grant Deliveroo’s drivers as employees Europe On 21st November, the U.K. Supreme Court ruled that Deliveroo delivery staff should be regarded as self-employed and not entitled to the benefits associated with a contracted employee.…
In New York, Shein’s pop-up at Forever 21 attracted 5,000 visitors in 4 days Americas In the USA, Shein is rolling out pop-up stores within Forever 21 stores. While the offer is a mix of fashion and home decoration, the group told mind Retail about the 2023 results of the pop-up strategy, both in terms of numbers and footfall.
For online sales, Walgreens freezes new warehouse openings and relies on ship from stores Americas In the USA, drugstore specialist Walgreens Boots Alliance is freezing a program of new automated warehouses dedicated to preparation of Web orders, with 11 active units to date. That is 50% of the number announced 18 months ago.
BNPL: Affirm and Klarna cope with rising interest rates Americas With sales of US$497 million in the quarter to September 2023 (up by 37% year-on-year), US BNPL specialist Affirm reported revenue of US$50 million,…
Tap To Pay: Apple shakes up the offline POS market Europe Following Google for Android, Apple's Tap to Pay functionality (already live in the U.S.A., Australia, the U.K. and the Netherlands) is now coming to France. By transforming salespeople's iPhones into in-store payment devices, this service raises questions about the future of POS terminals in stores.
After a good Q3, Walmart’s annual sales should grow by 5% Americas In the quarter ended October 27, Walmart‘s sales grew by 4.3% at constant exchange rates, reaching US$160.8 billion.…
China: Legal tussle between Carrefour and Suning over takeover deal Asia Four years after their takeover by Suning.com, there's not much left of Carrefour's former Chinese supermarkets. Although a Hong Kong court ordered Suning to pay Carrefour US$134 million, it is contesting the decision and intends to continue legal action
B2B : Amazon launches a BNPL offer for professional customers with Affirm Americas Amazon is about to offer a fractional payment option on Amazon Business, the e-commerce platform for professional clients,…
In India, Sephora becomes part of Reliance Retail Asia In Q1 2023, Reliance Retail Ventures abandoned talks to obtain the exclusive rights to operate Sephora’s business in India.…
