News brief

Ikea advances in India and takes a step back in Russia
;;;In India, Ingka Group (whose fiscal year will close in August 2022) is pursuing an omnichannel expansion strategy. After opening a 42,500 sq.m store in Bangalore (Karnataka state) in May 2022...
7 July 2022
Swarowski to reinvent itself under Alexis Nasard’s leadership
Article written by Regine Eveno and published on July 11, 2022;;;How can Swarowski crystal, famous in the post-war years, be restored to a former glory? Born from the brilliant idea of its founder...
7 July 2022
An American lady at the head of the Arabian Centers Company
Article written by Regine Eveno on July 5, 2022…An American woman with a high international profile is taking over management of the largest shopping center operator in Saudi Arabia, the...
7 July 2022
Cybersecurity: Shoprite attacked by ransomware
In mid-June 2022, the South African retail group Shoprite (2,933 stores in February 2022, under various banners including Shoprite, Usave, LiquorShop, Checkers Hyper, Checkers and House &...
28 June 2022
Majid Al Futtaim sets up wholesale in Egypt with Supeco
Majid Al Futtaim (MAF), Carrefour’s exclusive franchisor in the Middle East, opened a first wholesale store in Egypt in May 2022. Located in the October City mall (West of Cairo), it is the...
28 June 2022
Longchamp extends partnership with Adyen to Asia and North America
…After choosing Adyen as PSP for European e-commerce sites and stores one year ago, Longchamp announced on June 14, 2022, to extend the solution to the USA and Canada in July...
24 June 2022
Unibail wants to launch automated ‘click & collect’ at Forum des Halles
…In France, Unibail Rodamco Westfield (URW) is following an omni-channel strategy. After Vélizy 2, the Forum des Halles Paris centre will host an automated ‘click &...
24 June 2022
USA: Simon Property wants to aggregate product data with “Simon Search”
…From 19 June, the world’s no 1 shopping centre operator Simon Property Group (SPG) will launch Simon Search, a solution that allows customers to see what items are in stock over 29...
23 June 2022
Vinted launches lockers at Carrefour and Franprix
…After Back Market, Vinted is taking first steps into stores. The marketplace (GMV of €2.75 billion in 2021 via 45 million users) will launch, at the end of June, lockers in Carrefour...
23 June 2022
Pricing : perceived inflation is 4 times higher than actual inflation
;;;According to Dunnhumby‘s Consumer Pulse global survey edited at the end of May 2022, perceived inflation on food prices is significantly higher than measured inflation. In May 2022, food...
22 June 2022
The Mulliez family association moves into retail media with Gamned!
…Valiuz, the data entity of the AFM created in 2019, is partnering with Gamed! (TF1 Group) to launch a retail media tool and customer data monetization offer.
17 June 2022
Ukraine: new provisions adopted to facilitate dismissals in wartime
Since the martial law introduced in March 2022 (see article n°12971) was not able to take into consideration all labour relations issues in times of war, the Ukrainian parliament adopted a...
17 June 2022
China : Ikea closes a second unprofitable store
…In China, qualified as a major expansion priority only 6 months ago by Ikea, the Swedish retailer has started to rationalise the store footprint. Following successive lock-downs and a...
17 June 2022
Chanel, Hermès, Audemars Piguet: how to preserve customer experience when demand peaks?
…In Asia and in the USA, luxury retailers record strong demand and excessive traffic in their stores. As a result, Chanel has decided to open stores dedicated to premium customers by 2023...
17 June 2022
Cegid acquires StorIQ, one of the rivals of Yoobic
…On 13 June, during its “Cegid connections retail 2022” event in Monaco, POS solutions provider Cegid (sales of €632 million in 2021 up by 11.5% from 2020) announced the...
17 June 2022
K-way to enter Asia with Bluebell Group
After the launch of its e-commerce site in Hong Kong in June 2022, the K-Way brand has announced the opening of a first Asian store in the city-state in October.
8 June 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...