News brief

Ebay improves search engine with AI to filter fast deliveries
After reporting revenue of US$10.28 billion in 2024, up 2% at constant rate, and a net margin ratio of 19.2% of sales (a fall of 8.2 points), Ebay updated a search engine on February 26 to help...
6 March 2025
With a sample vending machine, Asda is testing a new medium for retail media
After launching a media agency LS Eleven Media Services in partnership with ad server SMG last May, the British supermarket chain Asda (turnover 2023: US$27.2 billion, up 7.1% in a year) has just...
5 March 2025
In Germany, C&A closes the only European manufacturing site
The Dutch fashion brand C&A (13,000 stores in 17 countries) closed the 4,200 sq.m production plant in Mönchengladbach, Germany at the end of February 2025. Opened in 2021 for producing...
4 March 2025
With Faume, Soeur launches into second-hand goods via an omnichannel approach
On February 26, 2025, the French fashion brand Soeur (turnover of €65 million in 2024, up by 30% in a year via 54 points of sale in Europe) rolled out a second-hand platform “Sœur...
3 March 2025
Ulta Beauty teams up with Lucky to publish stock data on brands’ websites
While the growth of Ulta Beauty is slowing down (Sales 2024 US$11.3 up by 0.8% after +5.7% in 2023, +15.6% in 2022 and +37.9% in 2021), the brand is strengthening an omnichannel approach to boost...
28 February 2025
Self-checkout, kiosks: Morrisons and Itsu focus on a more human touch
In the United Kingdom, the Japanese fast food chain Itsu (2023 turnover: €184 million, up 60% in a year) is backtracking on self-service ordering terminals. The business will increase the...
28 February 2025
TikTok Shop arrives in Western Europe, with a potential market of €3.3 billion
After the launch of TikTok Shop in Mexico, the platform is launching this feature in France, Germany, Italy and Spain, four countries with a combined total of 85 million users in 2024. Since...
26 February 2025
Profit and market valuation slashed in half: will Shein postpone I.P.O.?
Shein may delay a London Stock Exchange I.P.O., initially planned for April 2025, to the second half of the year. According to the Financial Times on February 23, growth in 2024 fell short of...
25 February 2025
Google embarks on international expansion with 2 stores in India
Google (Alphabet Inc: 2024 revenue of US$350 billion, up 15% at constant exchange rates, net margin ratio of 28.6%) plans to open first stores in India, according to Reuters on February, 20. The...
25 February 2025
APAC: occupancy rates rise, retail investment up 27% in 2024
In Japan, the Tokyu Plaza Ginza mall in Tokyo has been acquired in early February for US$1 billion by Gaw Capital and Patience Capital. Meanwhile, JLL reports that commercial property investment...
25 February 2025
Following a strong 2024, Carrefour wants to spend €800 million for the Brazilian unit
On February 19, 2025, Carrefour published annual results: in 2024, total sales grew by 5.3% at constant rates to €87.27 billion excluding V.A.T., half as fast as in 2023. In France, revenue...
21 February 2025
Alibaba opens a first furniture showroom in Hong Kong
On February 22, 2025, Taobao (Alibaba Group) teamed up with Chinese home furnishings platform Papabo to open a first physical furniture store. Named PapaHome and located within the Tsim Sha Tsui...
21 February 2025
Driven by property development, Emaar boosted revenue by a third in 2024
On February 14, 2025, Dubai-based property developer Emaar Properties (owner of office assets such as the Burj Khalifa, shopping malls, luxury hotels, etc.) announced a 33% increase in turnover in...
21 February 2025
Infinity Advertising becomes a wholly-owned subsidiary of Mousquetaires
Infinity Advertising, the joint advertising agency that has been marketing the retail media offerings of Intermarché and Casino supermarkets since 2021, announced on February 14 a purchase...
19 February 2025
USA: Quiksilver, Roxy and Volcom operator shuts down 122 Stores
On February 7, Liberated Brands (2022 revenue : US$422 million, up by 21%, with no new figures since) began closing 122 stores across the U.S.A. following a bankruptcy filing on February, 2. The...
17 February 2025
Driven by record I.P.O., Lulu Retail ends 2024 up 5%
On February 10, the food retailer Lulu Retail posted a turnover of US$7.62 billion in the fiscal year to late December 2024. Sales grew by 4.7% at constant rates and 2.3% like-for-like. The...
13 February 2025
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Most viewed articles of the month on mind Retail
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1
Electronic shelf labels: why the US regulator threatens rollout
In the USA, the Federal Trade Commission has just required full transparency on the use of pricing algorithms based on personal data, under threat of penalties. In this regulatory framework...