News brief

Urban and omnichannel : Ikea’s priorities for Thailand and Singapore
Continuing a strategy of focusing on city centres, Ikea will open a store in Thailand, in the Emsphere shopping centre, currently under construction (owner The Mall Group). Located on Sukhumvit...
5 April 2022
Fashion. Shein valued at US$ 100 billion
On April 5, 2022, the Chinese pure-player Shein raised up to US$2 billion from existing shareholders of Tiger Global Management and Sequoia Capital China, and also General Atlantic as a new...
5 April 2022
Americans increasingly adopt “click & collect” services
According to Mercatus Grocery Shopping, in the U.S.A., online grocery sales reached a 13% market share in 2021, compared with 11% in 2020.
5 April 2022
H&M’s international operations in China and Russia under review
Losing momentum in two major markets, the Swedish fashion retailer Hennes & Mauritz (turnover of €4.7 billion in Q1 2022, up by 18% year-on-year) has decided to close 240 stores.
4 April 2022
Etam launches into the USA with Nordstrom
According to Women’s Wear Daily, lingerie retailer Etam is making a U.S.A. debut. On 4th April 2022, the company opened 10 “corners” in 10 Nordstrom stores as well as on the...
4 April 2022
Walgreens Boots Alliance launches 22 robotic warehouses
The U.S. drugstores giant Walgreens Boots Alliance (sales of US$33.8 billion in Q2 2022, up by 3% year-on-year) announced on 30th March investment for 22 new robotic micro-centres in the United...
4 April 2022
Kering pays €187 million to Italian tax authorities
The Kering Group (55% of business from Gucci) is to pay €187 million to Italian tax authorities to settle litigation concerning Bottega Veneta.
4 April 2022
Macy’s gives up on a spin-off for e-commerce
As another decision that supports omnichannel, at the end of February 2022, Macy’s department stores (total turnover of US$24.4 billion in 2021, i.e., as much as in 2019, including 35% of...
4 April 2022
The economic worsens in Tunisia
According to the IMF, visiting Tunisia from 23rd to 25th March, the country is “facing major structural challenges”, which are leading to a growth and investment slowdown, high...
31 March 2022
Joann Cheng wants to give the Lanvin Group global stature
Today, few Chinese groups are seeking entry to the New York Stock Exchange, given the diplomatic tensions between the U.S.A. and China. Joann Cheng, C.E.O. of the Lanvin Group (turnover of...
29 March 2022
Live shopping: Walmart in rollout phase
In February and March 2022, Walmart (revenue of US$ 573 billion in 2021 up by 1.6%) carried out 8 live shopping events with the Talkshoplive platform. The themes were: black-founded brands (15-18...
29 March 2022
USA: e-commerce lost market share in 2021
According to the Department of Commerce, in the U.S.A., e-commerce accounted for 13.2% of total retail sales in 2021. This is lower than 13.6% in 2020.
Russia looks East to replace Western retailers
According to the Russian Council of Shopping Centres (RCSC), Russia is looking to China, India, Iran and Turkey to fill the void left by Western retailers.
29 March 2022
Shopee to close Indian operations
Amid a backdrop of global uncertainties, the Singaporean Sea Group (turnover of US$10 billion in 2021, with 51% from e-commerce and 43% from gaming) closed Shopee India, its e-commerce...
29 March 2022
Instacart wants to build warehouses in the U.S.A.
Instacart (revenue of US$1.8 billion in 2021) unveiled a new strategic direction at the end of March 2022. The company wants to build warehouses capable of providing express deliveries for...
29 March 2022
Poland to revise tax regime in response to war
Poland is considering a special tax for companies that continue to operate in Russia, government spokesman Piotr Müller said in late March 2022. This could affect companies such as...
29 March 2022
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