News brief

China: Shunned by Gen Z, Pandora fails to recover
Although very dynamic in the U.S.A. and in Europe, Danish retailer Pandora (sales of US$4.11 billion in 2023, up by 6%like-for-like, followed by a rise of 11% in Q1 2024 at US$980 million) is...
31 May 2024
After very heavy weather, Chalhoub and Times Square take emergency measures
Two heavy storms wreaked havoc in Dubai on April 16 (254 mm of water) and on May 2. The damages recorded, with the heaviest rains the city has seen since 1949, is still being assessed for the...
29 May 2024
Augmented reality: start-up Zero10 deploys mirrors in Dubai
By 2024, augmented reality (AR) mirrors are set to transform the retail sector, particularly in fashion and entertainment. Led by George Yashin, Cypriot start-up Zero10 offers an AR mirror...
29 May 2024
Mirakl launches 24-hour vendor onboarding with Mistral AI and OpenAI
On May 28, Mirakl (ARR of US$160 million in 2023, up by 20%) announced the beta launch of Catalog Transformer. The solution is based on Mirakl algorithms (Artificial Mirakl Intelligence) and LLM...
28 May 2024
Mental health: Kate Spade raises awareness among 900 store managers
On May 16, 2024, on the occasion of the Mental Health Day of Action in the U.S.A., luxury label Kate Spade (sales: US$1.42 billion in the year to end June, a fall of 2% in a year) boosted its...
24 May 2024
E-commerce: LVMH and Alibaba combine cloud and AI technologies
On May 22, at Viva Technology, in Paris, LVMH and Alibaba announced a five-year technology partnership to optimise customer experiences and logistics (inventory management, distribution) of the...
24 May 2024
Despite escapades, Temu’s owner triples Q1 profit
On May 22, China’s Pinduoduo (founded in 2015), parent company of the controversial Temu, announced quarterly results. Sales rose 131% to €11 billion, while net profit (€3.57...
24 May 2024
BoursoBank launches a retail media offer
On May 15, 2024, in France, BoursoBank (6.3 million customers) gave an initial assessment of a “VIP” (Very Important Partners) retail media offer, rolled out at the beginning of the...
22 May 2024
EGalim4: Carrefour, Intermarché and Leclerc deploy unprecedented lobbying efforts
In France, a letter co-signed by Alexandre Bompard (Carrefour), Thierry Cotillard (Intermarché) and Philippe Michaud (Leclerc) was sent to the Elysée Palace on May 6, requesting an...
22 May 2024
USA: Why the Maurices label migrated POS to Oracle’s cloud solution
Putting omnichannel customers at the center, reducing infrastructure costs, facilitating the integration of CRM programs and promotions were priorities of the Maurices fashion retailer when it...
22 May 2024
Miniso boasts record productivity in the U.S.A. with a focus on licensed products
China’s retailer Miniso (turnover: US$1.58 billion for the financial year to June 30, 2023, up 13.8% year-on-year) is banking on a range of licensed products, which appeal to Gen Z. These...
22 May 2024
Casino: 287 stores switch over to Auchan, Intermarché and Carrefour
Since May 14, and until October, 287 former Casino stores have begun to change their name, officially switching to the Carrefour, Auchan and Intermarché banners.This week, 18 former...
17 May 2024
Mobile payment: SwatchPAY arrives in France
Since May 16, SwatchPAY, the Swiss watch brand’s contactless payment solution, has been available to French retailers who are customers of BPCE, Crédit Coopératif, Banque...
16 May 2024
17 consumer associations take Temu to task for non-compliance with the DSA
Six months after AliExpress was ordered by Brussels to clarify business practices, Temu (a subsidiary of PDD Holdings) is now accused of violating the DSA. On May 16, 17 European consumer...
16 May 2024
With generative AI, Google turns the search engine upside down
On May 14, Google unveiled its new search engine powered by Gemini generative AI. After having tested the display of natural language answers in SGE since May 2023, Google is now extending this...
16 May 2024
China and India don’t have enough luxury, says Savills
According to a Savills report published on May 15, luxury store openings worldwide fell by 13% in 2023. 41% took place in China, where the number of new luxury stores nevertheless fell by 12%...
16 May 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
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...