News brief

Using an omnichannel approach, JD.com ensures tyre delivery and installation in 30 minutes
In China, JD Auto Service, the automotive services branch of JD.com (turnover 2024 of US$158.8 billion, up 6.8% in a year) announced the instant delivery of automotive equipment in late March...
9 April 2025
SaaS Lumi AI raises US$3.7 million in seed funding to simplify access to ERP data
Based in the U.A.E., the start-up Lumi AI raised US$3.7 million in seed funding on March, 25, in a round led by AgFunder, Forum Ventures, Abu Dhabi’s sovereign wealth fund ADQ and the...
9 April 2025
In a booming second-hand market, 2nd Street continues Asian expansion
Japanese second-hand specialist 2nd Street continues to expand, opening a first store in Singapore at the end of April in the 313@Somerset centre (26,800 sq.m of net leasable area). The 575 sq.m...
9 April 2025
In France, BNPL use declines in 2024
According to a 4th edition of the Floa – Kantar barometer measuring changes in payment practices in Europe (4,916 respondents), 66% of French people used a payment by instalments solution in...
4 April 2025
President Trump orders EU companies to cancel diversity policies
On March 28, many companies in France, Italy, Spain and Belgium (aviation, defence, consulting) received a letter from the Trump administration asking them to “certify” in writing that...
4 April 2025
Dunlop Sports fined US$1.3 million for anti-competitive behaviour
In early March 2025, in South Korea, the Fair Trade Commission (FTC) imposed a fine of US$1.29 million on the golf equipment supplier and e-tailer Dunlop Sports for anti-competitive practices...
2 April 2025
Simon Property steps up in offsite retail media
Simon Property Group, the world’s leading commercial property company (2024 revenue: US$5.96 billion, up by 5.4%, via 229 malls covering 180 million sq.m and 2 billion visitors per year)...
2 April 2025
With points of interest prompt, Amazon creates an AI-generated shopping monitoring tool
On March 26, Amazon (2024 turnover US$638 billion, up by 11% at constant rates) launched ‘interests’ as ‘beta test’. This is a generative AI feature on a mobile application...
31 March 2025
Advertising tracking: Apple ordered to pay €150 million fine for anti-competitive behaviour
On March 31, the French Competition Authority fined Apple (annual turnover: US$391 billion in the financial year ending September 2024, up 2% after a fall of 2.8% in 2023) €150 million for...
31 March 2025
TikTok Shop arrives in France, Germany and Italy
TikTok announced the launch of TikTok Shop in France, Germany and Italy on March 31. The service is now available in 15 countries. The shopping features are directly integrated into the videos in...
28 March 2025
Acquired for US$8.5 billion, Dollar Tree sells Family Dollar for US$1 billion
On March 26, the American discounter Dollar Tree (owner of the eponymous brand and Family Dollar) reported a turnover of US$30.83 billion in 2024 via 2900 stores, up 0.8%, but a net loss that...
28 March 2025
Like Action, Miniso closes the 2024 financial year with a 23% increase in turnover
During the financial year ending at the end of December 2024, the Chinese company Miniso reported, on March 21, an unaudited turnover of US$2.33 billion (up by 22.8%, after an increase of 14% in...
27 March 2025
Bulgaria launches a state-controlled discount chain
While in Bulgaria, inflation reached 2.6% in 2024 (compared to 2.4% in the Eurozone), the government announced on March 20 the launch of a low-cost public food retailer, following parliamentary...
27 March 2025
With live shopping, Voyages E.Leclerc has attracted 28,420 viewers in two years
E.Leclerc Voyage, the travel agency of the second largest French grocery retailer by market share (2024 turnover: €49.9 billion, excluding fuel, up by 2.6%, after a 10.3%-increase in 2023)...
25 March 2025
India: Apna Mart raises US$25 million with its hybrid model
On March 24, Apna Mart, an Indian food retailer operating both in-store and 15-minute express delivery, raised US$25 million in Series B (capital and debt), according to the Registrar of...
25 March 2025
India: Amazon and Walmart accused of violating quality control rules
After being caught in September 2024 for failing to comply with competition law, Amazon and Flipkart (a subsidiary of Walmart) are accused of violating quality control rules in India. The Indian...
24 March 2025
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1
Before an IPO, Shein forced to reveal margin erosion in 2025 and impact of US tariff shock
Made public ahead of a Hong Kong listing planned for September, Shein’s financial documents, seen by mind Retail, confirm the shift experienced by the fast-fashion retailer. Despite a 8% sales...