News brief
Decathlon Hong Kong: a virtuous circle of lifetime returns with Adyen
At the NRF Big Show held in Singapore from June 11 to 13, Decathlon Hong Kong reported on the results of an unlimited returns policy, introduced in 2022 for members of the loyalty programme (free...
19 August 2024
Merger with Albertsons: Kroger raises a bid by US$1 billion
Announced in October 2022, the US$25 billion (including debt) mega-merger between Kroger and Albertsons was temporarily suspended on July, 25 2024. This decision comes after the publication of the...
- Retail
- Economy and regulators
19 August 2024
Manufactures Dior under court administration for ‘exploitation’ of workers
In Italy, on June 10, the Milan court declared Manufactures Dior ‘incapable of preventing and controlling’ the exploitation of workers in sub-contracting. The Italian subsidiary was...
- Retail
- Economy and regulators
2 August 2024
The Saudi public investment fund wants 50% of Selfridges
On July 15, following the publication of an insolvency report on the Austrian property company Signa, the Saudi Arabian Public Investment Fund (PIF) wants an increased stake in Selfridges (2023...
2 August 2024
Department stores: faced with pressure from the market, Nordstrom wants to go private
According to WWD, the American department stores’ chain Nordstrom announced an intention to go private, following a press release from the Nordstrom brothers last April. Similar to...
30 July 2024
Galeries Lafayette enters second-hand jewellery and watch market
In Paris, Galeries Lafayette sees second-hand as a ‘drive to store’ opportunity. On June 23, the chain opened Hojo Vintage in the Haussmann flagship store, a 30 sq.m boutique selling...
- Retail
- Retailer and e-commerce
29 July 2024
Luxury goods: in the 1st half, LVMH cannot escape market slowdown
On July 23, LVMH (2023 sales: €86.15 billion, up 9%, after a 23% increase in 2022) published results for the first half to the end of June. Sales, down 1% at constant exchange rates to...
- Retail
- Retailer and e-commerce
25 July 2024
Between expansion and price cuts, Action’s turnover jumps by 20 %
Dutch discounter Action (2023 sales: €11.32 billion, up 28%) announced sales of €6.23 billion, up 20% in the first semester. Like-for-like sales were up 9%. Action’s 17 million...
- Retail
- Retailer and e-commerce
24 July 2024
Supreme acquired by optics giant Essilorluxottica for US$1.5 billion
On July 17, optics manufacturer Essilorluxottica (sales of US$27.21 billion in 2023, up by 7.1% at constant exchange rates) announced a purchase of New York-based Supreme from VF Corp for...
19 July 2024
Fursac sells vintage products from other brands…but not their own
According to our sources, men’s fashion retailer Fursac (a subsidiary of the SMCP group, with sales of €1.2bn in 2023 at 3% LFL at constant exchange rates, then down by 5% in Q1 2024)...
- Retail
- Retailer and e-commerce
18 July 2024
Auchan to cut 25% of GLA, the equivalent of 18 hypermarkets
While the transfer of 31 Casino stores to Auchan began on 14 May, Auchan (2023 sales: €32.9 billion, flat vs 2022), in a bid to rationalise costs, intends to reduce GLA in France by 25%...
17 July 2024
USA: malls only 2.3% away from returning to pre-Covid-19 traffic
According to Placer.ai, shopping centre traffic in the U.S.A. is almost back to pre-Covid-19 levels. While foot traffic in 2021 was 10.9% lower than in 2019, figures improved by 2023. Last...
16 July 2024
Luxury: Shunned in Asia, Burberry sales fall 20% in Q1
On July 15, Burberry (sales of US$3.75 billion for the financial year to the end of March 2024, stable) announced sales of US$579 million for the 3 months to the end of June, down 20% at constant...
- Retail
- News
15 July 2024
Despite lower debt, Zouari struggles to take control of Picard
On June 26, Picard’s debt (€1.8 billion in sales in 2023, up by 5.9% in one year) was re-negotiated and reduced by shareholders. These are a British investment fund Lion Capital (51%)...
12 July 2024
Retail media: Boulanger leaves Criteo to sign with Valiuz Adz
Boulanger (sales €4.35 billion by 2023) and Valiuz Adz, the retail media agency of the Valiuz data alliance (Auchan, Decathlon, Leroy Merlin…), which includes Boulanger, announced a...
12 July 2024
JD.com could invest €2.4 billion to boost delivery capacity in the U.K.
In the U.K., delivery and locker company Evri (75% owned by Advent and 25% by Germany’s Otto) may have found a new owner in JD.com. Other interested parties include Poland’s InPost...
5 July 2024
Our mind news
Against a backdrop of growing pressure on household budgets, the European CCD2 Directive coming into force and a new legal framework for assisted purchasing journeys, Oney is stepping up an...
- Retail
- mind Exclusive
- Retail tech
29 October 2026
Amid an ownership shake-up following its acquisition by Evoriel, shopping centre operator Advantail has signed with Formality to digitise the management of commercial leases and contracts across...
23 October 2026
With an average basket of €3,500 and a payment journey that includes a financial deposit at the time of ordering, Mobilier de France shares with mind Retail its assessment of the rollout of...
- Retail
- mind Exclusive
- Retail tech
15 October 2026
Eager to bring together customer data and improve data accuracy, jewellery and watch retailer Maison A.Constant built its own Single Customer Repository (SCR) using n8n, an orchestration platform...
7 October 2026
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
Advantail signs with Formality to streamline commercial lease management
Amid an ownership shake-up following its acquisition by Evoriel, shopping centre operator Advantail has signed with Formality to digitise the management of commercial leases and contracts across...
23 October 2026