News brief

Sephora bets on partnerships with Glossier and Kohl’s
On July 26, 2022, the beauty DNVB Glossier signed an agreement with Sephora to increase omnichannel revenue. Starting in Q1 2023, Glossier’s products (the firm was valued US$1.8 billion in...
22 August 2022
Emaar Malls to sell e-commerce business
…The sale of the Dubai-based Emaar Properties e-commerce fashion business, started in October 2021 is almost complete. The company held a meeting on Thursday 18 August 2022, to arbitrate...
19 August 2022
Ingka Centres starts construction of a first Indian mall
…Ingka Centres, a subsidiary of the Ingka Group (turnover of €37.4 billion in the fiscal year to August 2021 up by 6% year-on-year) started construction of the Gurugram mixed-use...
19 August 2022
Amazon invests US$1.7 billion in Roomba robot hoovers
…Involved in connected home equipment products, Amazon announced on August 5, 2022, an agreement to buy iRobot Corp, a company that makes, among other things, the Roomba robot hoover, for...
17 August 2022
Greenwashing. Ongoing investigation of Asos, Boohoo and Asda
…On 29 July, the U.K. Competition and Markets Authority (CMA) announced an investigation into ASOS, Boohoo and Asda to check if the green terms they use are legitimate. Their so-called...
17 August 2022
H&M develops machine learning with Google cloud
…To strengthen its omnichannel strategy, the H&M group expanded a partnership with Google on June 30. The deal uses the Google Cloud offering to develop a new data platform based on AI...
16 August 2022
Live Shopping. TikTok abandons the “Shop” version for Europe and the U.S.A.
…After launching TikTok “Shop” in Indonesia in 2021, ByteDance (the app’s parent company) cancelled plans to offer the new social commerce function for Europe and the...
1 August 2022
Taiwan. Carrefour leaves Asia for good
…For a year, Carrefour has been looking for a buyer for the Taiwanese business (sales excluding V.A.T. in 2021 was €2.5 billion via 340 stores, including 68 hypermarkets and 129...
22 July 2022
Amazon launches Store Analytics, a service for analysing in-store promotions performance
…On 29 June 2022, Amazon (turnover of US$469.82 billion in 2021, up by 22% vs 2020) launched a new “Store Analytics” service. This solution optimises data provided by Just Walk...
13 July 2022
Lush invests €8.8 million in European stores despite declining sales
…On 5 July, Lush unveiled the new design of a store in the Greenhithe shopping centre (North West Kent, England), which doubled sales area to 145 sq.m. At the same time, the group announced...
13 July 2022
Morrisons opens a supermarket that consumes 43% less CO2
…At a time when energy costs are soaring, Morrisons opened a first “environmentally friendly” store in Little Clacton (Essex, England) on 6 July. The store emits 43% less...
13 July 2022
India : Reliance signs a franchising deal with Gap
Gap Inc (sales of US$16.7 billion in 2021, +2% from 2019) is coming back to India via a new franchising agreement with Reliance Retail. Headquartered in Mumbai, Reliance is India’s largest...
8 July 2022
H&M and Inditex reduce their exposure in China
…The Swedish retailer H&M (turnover of US$5.36 billion in Q2 2022, up by 12% in local currency) has discreetly closed its largest store in Mainland China on 24 June 2022.
8 July 2022
Mexico’s largest convenience retailer to acquire Swiss network Valora
…By October 2022, the Mexican retailer Femsa (turnover of US$27 billion in 2021) wants to take over Swiss retailer Valora (2,700 automatic kiosks and stores) in a US$1.15 billion deal.
7 July 2022
Cloud computing: Walmart strengthens its independence
…On 23 June, Walmart unveiled Triplet Model, a hybrid cloud computing solution based on third-party servers hosted by Microsoft and Google, but also on its own servers installed for the...
7 July 2022
Sustainability: Shein reviled on TikTok and Youtube
…Shein is facing increasing criticism from a younger generation of sustainable consumers. In the U.S.A., Ava Grand, a young fashion design graduate from Marist College, started to...
7 July 2022
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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...