News brief

B&Q (Kingfisher group, Q3 2022 turnover of US$3.9 billion up by 1.7%) ended a partnership launched in 2020 with Asda, in order to focus on a convenience format. Eight D.I.Y. “shop in...

9 February 2023

Naterial, Comptoir des Artisans: Leroy Merlin refines its offer

The Adeo Group (2021 turnover: €32.4 billion, of which 6.6% are online sales) is to launch a Naterial showroom format dedicated to outdoor design. After Spain, Portugal, Uruguay and Georgia...

8 February 2023

China. Starbucks concentrates openings in smaller towns

Despite declining sales, Starbucks continues to heavily invest in China. Last year, Starbucks (2022 turnover of US$32.25 billion, up by 11%) opened 724 stores in the country, mainly in second-tier...

7 February 2023

Japan: automated click & collect for duty free purchases

Since October 2022, the Japanese company Wamazing has been developing automated “click & collect” for duty free purchases thanks to a system of automated lockers in...

6 February 2023

Ingenico partners with Splitit to offer BNPL in-store

Eager to offer customers more flexible payment options, Ingenico signed an agreement with Splitit, the white label platform specialized in fractional payment, on 1 February, 2023. This partnership...

6 February 2023

The Home Depot launches new app for in-store salespeople

In the US, The Home Depot (9-month 2022 sales: US$121.6 billion, up 5.3%) has launched an application, designed in-house, to help sales people prioritise tasks. Named Sidekick and powered by...

6 February 2023

Furniture: Majid Al Futtaim signs with Poltrona Frau

In January 2023, the Majid Al Futtaim conglomerate entered the luxury furniture business via a partnership with the Italian brand Poltrona Frau, as the exclusive franchisor in the United Arab...

2 February 2023

Alibaba wants to boost its growth in Europe thanks to BNPL

Like Shein with Klarna, AliExpress (the drop-shipping business of the Alibaba group) announced on 16 January the introduction of BNPL for European customers. This service, called “Pay After...

2 February 2023

The American version of Pinduoduo is the most downloaded app in the U.S.

Launched on September 1, 2022, Temu (owned by PDD Holdings, the parent company of Pinduoduo) was the most downloaded app in the USA in November, December and January. Up to the beginning of...

2 February 2023

Action ends the year with sales up 30%

Dutch discounter Action ended 2022 with a net turnover of €8.9 billion, up 30.8% in one year. It operates 2,263 stores in 10 European countries. France is the largest market, accounting...

30 January 2023

LVMH: Annual revenue up by 23% and record net margin

In 2022, despite the Covid-19 lockdowns in China and the closure of Russian stores, LVMH recorded a turnover of €79.2 billion, up by 23% year-on-year. The current operating income recorded a...

27 January 2023

Supply-chain. KFC closes 70 restaurants in South Africa

In December 2022, KFC announced the temporary closure of 70 fast food restaurants in South Africa. The reason given was the energy and electricity crisis. In recent months, repeated power cuts (or...

27 January 2023

Auchan and Leboncoin: reducing unsold non-food items

Losses linked to display models, slightly damaged returns and end-of-series are being closely monitored. The Auchan Group is now rolling out its partnership with Leboncoin, following the...

26 January 2023

NRF’s “Big Show” arrives in Singapore

On 15 January 2023, NRF Chairman Matthew Shay and French group Comexposium announced the event for Asia Pacific in 2024. The first Retail’s Big Show Asia Pacific will be held from 11 to 13...

25 January 2023

30% French and Germans have not yet adopted contactless payment

According to a study by SumUp, 68% of French people used contactless payment in 2022, compared to 90% of British, 85% of Swiss, 78% of Italians and 67% of Germans surveyed. According to mind...

20 January 2023

Mangopay: transaction volume to rise by 35% in 2022

Marketplace payment platform Mangopay, which was sold by Crédit Mutuel Arkéa to private equity fund Advent International in April 2022, is claiming a business volume of €11.3...

20 January 2023

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Aroma-Zone and Najar reveal the behind-the-scenes of a strategic partnership

As the adoption of AI results in increasing cost volatility for companies, mind Retail spoke in Monaco with Christelle Glaszer, Manager of Indirect Purchases at Aroma-Zone natural beauty retailer...

13 March 2026

After-sales service: Prolong aims to become the OS of repair and adds 3 luxury brands

Signing of three high-end clients, launch of a maintenance passport, imminent Seed funding round and cloud migration project in China… At a 1-to-1 conference in Monaco, the Founder of Prolong...

12 March 2026

Regulatory: With 200,000 Digital Product Passports issued, Darty scales up

While the European Commission is set to vote on delegated acts to specify requirements for home appliances, Darty is accelerating a Digital Product Passport (DPP) push by integrating new products...

11 March 2026

Electronic labels: Hanshow accelerates breakthrough and signs with a leading British retailer

While the leader in electronic labels, Vusion exceeded €1.47 billion in revenue in 2025, rival Hanshow is stepping up a global offensive, winning a strategic account in the U.K. and a new POC for...

27 February 2026

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Profound raises US$96 million in Series C funding, becoming a first GEO unicorn

Founded in 2024 in New York by James Cadwallader, GEO startup Profound raised US$96 million on February 24, 2026, in a Series C round led by Lightspeed Venture Partners, including Sequoia Capital...

25 February 2026

Klépierre, URW, Carmila: in 2025, retail media and services accounted for nearly 10% of net rental income

Published on February 12 and 19, annual financial results of the three major European property companies show that Klépierre, Unibail-Rodamco-Westfield, and Carmila are no longer singing from the...

24 February 2026