News brief

H&M repairs clothes in Paris
Eager to pull shoppers away from e-commerce and return to buying in stores, Hennes & Mauritz installed sewing machines at the heart of its newly revamped Paris flagship in Rue Lafayette...
1 July 2018
Howard Schultz. From Starbucks to politics ?
In June, Howard Schultz, (aged 64) resigned as Chairman of Starbucks. After almost 30 years working for the coffee behemoth (which runs more than 28,000 stores in 77 countries), he is succeeded by...
10 June 2018
From X5 to Magnit
Continually strengthening management, Russia’s 2nd largest grocer Magnit (sales of €16.5 billion in 2017, a rise of 6% via 16,530 stores) poached Mrs. Olga Naumova as Executive...
10 June 2018
Our tribute to Kate Spade
In June 2018, the designer and creative entrepreneur Kate Spade (aged 55) died in New York in a sadly familiar case of depression illness. Born in Kansas City in 1962, Spade started working in New...
10 June 2018
Dubai Tourism will offer flights and attractions on virtual mall service Fliggy
To encourage more Chinese tourists to the Emirate, Dubai’s tourism authority has signed with Fliggy, the online travel service platform owned by Alibaba Group. As a ‘virtual’...
10 June 2018
70 firms will cease using South African mohair
South Africa produces 50% of the world’s mohair and exports to China, Italy, the U.K. and Taiwan. However, following the release in May 2018 of animal cruelty video footage from Angora goat...
10 June 2018
UK-based chef, Jamie Oliver, opens 1st pizzeria in the Middle East
With 3 pizzeria in India and 2 in the Netherlands (with home delivery), a new Jamie’s Pizzeria will open in Jumeirah Lake Towers, Dubai, in partnership with Apparel Group, one
10 June 2018
Bertrand Group expands into Saudi Arabia
In April 2018, the Angelina tea room and restaurant operator (28 sites in late 2017) opened a large unit covering 1,200-sq.m on the sea side of Djeddah (Saudi Arabia). Facilities include a...
10 June 2018
L’Occitane slows in Japan
In the year to March 2018, L’Occitane International posted net sales of €1.3 billion (including 14% of online sales), whilst profit dropped by 27% to €96.5 million due to a lower...
10 June 2018
India. Ikea to open its 1st store in one month
The Swedish retailer is due to open its first store in Hi Tec City, Hyderabad (Telangana state) on July 10, 2018. The investment for this 37,175-sq.m GLA store exceeded €100 million...
10 June 2018
In 2018, India’s G.D.P. will grow faster than China
For Goldman Sachs, India will lead the global growth in 2018 with a G.D.P. increasing by 8%, whereas China’s G.D.P. is expected to grow by 6.5%. As a comparison, the U.S.A., Germany and...
10 June 2018
The LVMH equity fund re-invests in Indian fashion
L-Catterton Asia, the fund backed by LVMH, will take a 10% stake in Future Lifestyle Fashions, India’s largest integrated branded fashion firm which represents 31 brands via 400 stores...
10 June 2018
Takashimaya from Japan is looking for an Asian balance
If the Takashimaya department store in Singapore (Orchard Road) is reportedly earning more than US$27 million per year, the Shanghai unit should report a loss for a 7th consecutive fiscal year to...
10 June 2018
China. Targeting the corridor from Shanghai to Shenzen
“It is definitely in this region that there is money in China and that the technology companies are, said David Zoba, President of Jones Lang Lasalle. Abercrombie & Fitch has excellent...
10 June 2018
Lord & Taylor to close the 5th Avenue flagship
In the quarter to May 2018, the Hudson’s Bay Co. posted like-for like revenue down by 0.7% combined with a net loss of US$308 million, almost twice that of 2017. The group confirmed closure...
10 June 2018
JD Sports travels from the U.K. to the U.S.A
The British sporting goods retailer JD Sports will take over its U.S. rival Finish Line (556 stores) via a US$558 million deal. The regulatory approval is expected no earlier than in June 2018. In...
10 June 2018
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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
Personalised pricing: Europe keeps a low profile while New York forces retailers to be transparent
In the State of New York, unprecedented legislation has come into force requiring retailers using personalised pricing algorithms to inform consumers. While the NRF is seeking to counter its...
12 December 2025
2
Price-fixing investigation: Swatch and Citizen under scrutiny in Italy
On December 9, 2025, Swiss watch groups Swatch (Tissot, Mido and Hamilton) and Japanese Citizen (Bulova, Vagary, Frédérique Constant and Alpina) were placed under investigation by...
11 December 2025
3
In the U.S.A., retail job cuts rise 139% in a year
According to Challenger, Gray & Christmas, a company specialising in employment trend analysis, in the U.S.A., 2025 has been tough for retail employment. The sector recorded 91,954 job cuts...
9 December 2025
4
Italy: three executives from luxury goods group Tod’s investigated over worker exploitation
After placing Loro Piana (LVMH), Armani, Dior and Valentino under judicial administration, the Milan public prosecutor's office is now targeting Tod's. Three of its executives are under...
5
Australia bans access to social networks for under‑16s
As part of the adoption of the Online Safety law Social Media Minimum Age, voted on 28 November 2025, minors aged under 16 will no longer be able to access social networks in Australia from...
2 December 2025
6
Customs duties: Costco sues the Trump administration
On November 28, Costco (net sales of US$267 billion in the fiscal year ending August 31, 2025 , up by 8.1% after 6% in 2024) sued the Trump administration, judging the tariff surcharges imposed...
5 December 2025