News brief

YouTube partners with e-tailer Shopee in 3 South Asian countries
Faced with a dynamic growth of TikTok in South East Asia, YouTube Shopping (a subsidiary of Alphabet Inc.) and Shopee (a subsidiary of Sea Group, with 2023 sales of US$13.1 billion, including 69%...
23 September 2024
Amazon announces an end to remote working for administrative staff
On September 16, 2024, Amazon‘s CEO Andy Jassy announced the end of remote working for 350,000 administrative staff (i.e. 23%). This flexibility ends on January 2, 2025. “When we look...
20 September 2024
Aldar Properties and Mubadala create a US$2.45 billion joint venture
On September 18, the Prince and Chairman of the Executive Council of Abu Dhabi, Sheikh Khaled bin Mohamed, announced a partnership between Aldar Properties and Mubadala in Abu Dhabi. By the end of...
20 September 2024
The Emirates abolish customs duties on Australian imports
On September 17, the United Arab Emirates (UAE) and Australia signed a trade agreement aimed at boosting investment and bilateral trade between the countries. The agreement, the date of which was...
20 September 2024
Fnac Darty launches takeoverbid for Unieuro to create a European leader
Following the approval given by the Italian financial markets authority on August 23, Italian home-electrical retailer Unieuro (2023 sales of €2.63 billion) has until October 25 to accept...
13 September 2024
10 years after leaving India, Carrefour returns via a franchising agreement
While Carrefour is gradually withdrawing from Africa, the group (2023 sales of €92 billion, up 10.4% on a like-for-like basis via 14,000 stores in 40 countries) announced on September 9 a...
11 September 2024
After Adidas, Lego teams up with Nike to combine sport and play
In the run-up to the Olympic Games, and at a time when only 20% of children engage in the level of physical activity recommended by the WHO on a daily basis, Nike (2023 sales: US$51.4 billion, up...
10 September 2024
Beauty: Nykka relies on express delivery to deliver 50% of orders on D+1
On September 3, according to Office Chai, Indian omnichannel fashion and beauty retailer Nykka (US$770 million turnover in 2023, up 24%, 200 stores in 72 Indian cities) launched a 3-hour delivery...
6 September 2024
In the U.S.A., pure-players account for 37% of back-to-school purchases
In the United States, sales of school supplies are expected to reach US$31.3 billion in 2024 (Deloitte). While Walmart leads the market with a 34% market share in value terms, supermarkets and...
3 September 2024
Couche Tard offers US$38 billion for control of 7/Eleven
Three years ago, North American convenience stores specialist Couche Tard failed to takeover Carrefour. On August 19, the owner of Circle K stores (sales of US$69.3 billion in the year to April...
30 August 2024
Toy specialist Hamleys opens more concept stores in Dubai and London
In Dubai, on August 23, Hamleys (2023 sales: US$59 million, down by 8.8%, after a rise of 68% in 2022), the oldest British toy chain, now a subsidiary of Reliance Retail (acquired in 2019 for...
26 August 2024
China: After an upbeat Q2, Walmart sells JD.com
On August 21, Walmart confirmed the sale of their stake in JD.com (2023 sales:US$153 billion, up 3.7% in a year). In China, faced with competitors Pinduoduo, Xiaohongshu and Alibaba, the...
23 August 2024
Social commerce: why Amazon needs TikTok’s audience
At a time when growth is slowing, Amazon (2023 sales: US$574.8 billion, up 12%) signed an agreement on August, 8 with Tik Tok (1.58 billion users in April) to enable highly engaged American users...
21 August 2024
Macy’s develops post-purchase retail media with Rokt AI
After a test phase last autumn, Macy’s Media Network, the Macy’s advertising network created in 2020, signed a partnership with New York-based retail tech Rokt on August 8, 2024. This...
21 August 2024
Lidl launches a D.I.Y. and garden services
After launching a non-food e-commerce business in May 2023, Lidl is further investing in physical stores. In mid-July 2024, the Schwarz Group subsidiary (2023 sales: €167.2 billion, up 8.5%...
20 August 2024
Apple compelled to open up iPhone contactless payment to competitors
On July 11, Apple (quarterly sales at the end of July: US$85.5 billion, up 4.9% year-on-year) made a commitment to the European Commission to open up iPhone contactless payment to competing...
20 August 2024
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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
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...