News brief

AMAZON TAKES OVER SOUQ.COM
In late March 2017, Amazon announced one on the biggest acquisitions in recent years, taking over
18 April 2017
WAL-MART TAKES ITS TIME FOR ITS AFRICAN FORAY
When Wal-Mart invested US$2.4 billion for a majority stake in the South African retailer Massmart in 2011, global experts
18 April 2017
FABINDIA, THE CONCEPT OF THE MONTH
In March 2017, the fast-growing Indian retailer Fabindia opened an innovative store concept called
18 April 2017
Trade war between Beijing and Seoul intensifies
Accusations are rising between Beijing and Seoul. As one of the largest South Korean retail conglomerates, Lotte Group is suspected to support the U.S. missile-defence system.
18 April 2017
IKEA MATCHES NEW STORE SERVICE TO DEMAND IN INDIA
To prepare the presentation and products for the first Ikea store in India, located in the
18 April 2017
WAL-MART TURNS TO EXPANSION IN INDIA
As India’s tight regulation regarding foreign investment in the retail sector may ease in the near future, Wal-Mart wants to
18 April 2017
FROM MICROSOFT TO STARBUCKS
As Starbucks sales have faced their most prolonged slowdown in the U.S. since the recession,
18 April 2017
Gautier furniture eyes Africa
The family furniture retailer Gautier, which sells 100% “Made in France” furniture,
18 April 2017
North America is keen for outlet centres
McArthurGlen is developing the 2nd phase of Designer Outlet near Vancouver Airport, offering more than 70 stores. Opening is expected in 2018.
18 April 2017
Ownership at a record low for U.S. “Millennials”
The homeownership rate among Millennials U.S.’s households
18 April 2017
Brazil : Casino suspends the sale of Via Varejo
GPA, the Brazilian branch of Casino, has suspended the sale of the Via Varejo
18 April 2017
More than 50% of Brazilian States posted G.D.P. growth in Q4 2016
If Brazil’s G.D.P. dropped by 0.9% in the 4th quarter 2016
18 April 2017
“Discount retailers should reinvent themselves”
The former CEO of Lidl, Karl-Heinz Holland, said that the discount retail sector is very different
18 April 2017
Immochan remains buoyant
In 2016, Immochan reported a revenue growth of 3.4% to €634 million (+0.7% like- for-like),
18 April 2017
Off-price and outlet channels are growing in Europe
In Europe, TJX Companies’ stores (which gather T.K.Maxx and HomeSense stores) are expected to reach 1,000 in the long term
18 April 2017
Kingfisher aims to become more global in 2017
In the year to January 2017, Kingfisher posted a turnover of €13.01 billion up by 8.7% excluding exchange rate fluctuations,
18 April 2017
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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...