News brief

After Indonesia, Vietnam decides to ban Temu and Shein
In Vietnam, after Temu and Shein missed deadlines (end of November) imposed by the government to register with the Ministry of Commerce, the platforms have been blocked from selling in the country...
11 December 2024
Asda obtains a US$196-million loan to postpone debt maturities
Following a US$4 billion refinancing in May 2024, the UK’s third-largest grocery retailer Asda (2023 sales of US$ 27.2 billion+ 7,1 % in a year) obtained a US$196 million loan on December 4...
11 December 2024
Belgium: bill transposing CSRD adopted
On November 28, the Belgian Chamber of Representatives approved a bill transposing the E.U. Corporate Sustainability Reporting Directive (CSRD). Belgium was one of the countries lagging behind on...
11 December 2024
Customer service: Orange and VIPP Interstis rely on AI to boost performance
On November 26, 2024, Orange (sales 2023: €39.7 billion, selling in 26 countries) signed a multi-year agreement with OpenAI to access AI training models. From H1 2025, this will train LLMs...
5 December 2024
In the U.S.A., Mango invests €65 million to open 60 stores in 2 years
At the end of November 2024, a month ahead of schedule, Mango (sales 2023: €3.1 billion, up by 20% at constant exchange rates, net profit of €172.1 million, up by 112%) achieved store...
5 December 2024
USA: Mirakl Ads signs up furniture specialist Mathis Home
After launching into retail media in mid-2023, Mirakl Ads is adding a new client to the portfolio, mind Retail has learned in a preview. On December 4, 2024, the retailer signed up home...
4 December 2024
Obi joins forces with Too Good To Go in the plants department
On November 26, 2024, Germany’s second largest D.I.Y. retailer OBI (sales 2023 of €8.2 billion via 645 stores in Europe, including 349 German units) announced that it had joined forces...
3 December 2024
Decathlon tests Klaro to boost staff buying power
Since late October 2024, Decathlon has been testing the Klaro solution with 1,000 staff in Northern France. The aim is to improve their purchasing power by simplifying access to social benefits...
3 December 2024
JD Sports buys Courir for €520 million, 10 times EBIT
After buying rival U.S. retailer Hibbett for US$1.1 billion in April, JD Sports Fashion (sales 2023 of €11.93 billion, up by 2.9%) made a 2nd acquisition. On November 27, 2024, it took over...
29 November 2024
[mind Retail Exclusive] Chronodrive and Norauto join Tipik’s HR multi-brand pool to absorb peaks in activity
Chronodrive and Norauto join Tipik, an H.R. pooling solution managed with Laponi and Cegedim. Already adopted by Decathlon, Kiabi, Brice, Jules, Rouge Gorge, La Vie Claire, Leroy Merlin, Boulanger...
Western Union takes turn in retail media
On November 11, financial transfer and payment network Western Union announced the launch of a retail media service, both in agencies and online. The American group aims to provide advertisers...
29 November 2024
California: first flagship dedicated to live shopping on TikTok
Gone are the days of content creators live-streaming from a bedroom. On November 21, digital agency Outlandish opened a first store in the U.S.A. dedicated to live shopping on TikTok Shop. In...
28 November 2024
Kohl’s sales plunge 8.8% in Q3, penalised by insufficient private label inventory
American chain Kohl’s (2023 sales 16.6 billion dollars , down by 3.4%, 1,100 stores in 49 states) is going through a difficult period. Quarterly sales to November 2 fell by 8.8%...
28 November 2024
Delivery Hero prepares Talabat’s I.P.O. for Dubai Stock Exchange
German delivery giant Delivery Hero (GMV of US$51.2 billion in 2023, up by 5.7% in 70 countries) is aiming for US$1.5 billion when Talabat, the very dynamic subsidiary in the Middle East, is...
21 November 2024
After a US$1.5 billion disposal, Advance Auto Parts closes 15% of its stores
In the U.S.A., Advance Auto Parts (AAP, 69,000 employees at the end of 2023), the American auto parts specialist, announced a closure of 727 stores (523 Advance Auto Parts, 204 Carquest) and 4...
21 November 2024
Majid Al Futtaim launches retail media solution in the Middle East
The Majid Al Futtaim conglomerate (sales 2023 of US$9.4 billion up by 1.1%, after + 12% in 2022) launches Precision Media, a new media business. This offers a suite of in-store, onsite and offsite...
18 November 2024
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