News brief

The munitions are flying between Amazon and Reliance Industries, the diversified conglomerate owned by tycoon Mukesh Ambani (telecoms, energy, retail).

17 June 2021

Ulta. Dave Kimbell will have to make his mark

As announced, Dave Kimbell was appointed C.E.O. of Ulta Beauty in June 2021 (1,264 stores, sales of US$6.15 billion in 2020). He joined the Group in 2014 and moved up promotions before appointed...

17 June 2021

China’s wealthy are getting younger and younger

According to a study by Bain & Co. and China Merchants, China will have 3 million very wealthy individuals by the end of 2021.

17 June 2021

In Tokyo, Uniqlo opens the doors of a “Neighborhood” store

In early June 2021, Fast Retailing opened a 1,950 sq.m Uniqlo store in the historical and tourist district of Asakusa.

16 June 2021

Auchan-Russia wants to accelerate online

Auchan-Russia will invest US$277 million up to 2024 to develop e-commerce business from soup to nuts, including creating a technical platform and building data.

16 June 2021

H&M stops lending suits for job interviews

The initiative launched in the United States and in the UK was highly commendable, but complex to operate. For 24 hours, a job candidate could reserve an H&M suit on the One/Second/Suit...

16 June 2021

Sephora and Crate & Barrel support the black cause

In the U.S.A., the “15% Pledge” is gaining ground in the retail industry. Launched by Sephora in 2020 following George Floyd’s passing in Minneapolis, around 20 retailers joined...

16 June 2021

Saudi Arabia. Carrefour automates e-commerce with Takeoff

For the Gulf region, a different equation is emerging for e-commerce. Carrefour in Saudi Arabia is opting for an interesting mix. To date, it is rolling out only one robotic warehouse per city...

15 June 2021

NRF is optimistic for retail in 2021

As predicted on June 9th by the National Retail Federation, U.S. retail sales (online and offline) are expected to grow between 10.5% and 13.5% this year.

15 June 2021

Etsy takes over the “British Vinted”

The Etsy marketplace (revenues of US$1.72 billion in 2020, + 111%) announced the acquisition of the British second-hand platform Depop for US$1.63 billion. This should be effective in Q3 2021...

15 June 2021

Pure-player Alltricks accelerates store openings

The bike specialist pure-player Alltricks reported sales up by 63% last year to €132 million.

20 May 2021

D.I.Y. European markets remain in fair growth

According to the Spanish professional Association AECOC, the D.I.Y. market grew by 36.5% in the first quarter of 2021 (year-on-year evolution).

20 May 2021

Leroy Merlin tests live shopping events

According to the latest studies by iResarch, Deloitte and Gartner, the conversion rate from enquiry to sale for a live shopping event varies between 15% and 35% depending on the country, compared...

20 May 2021

The man who transformed Best Buy

In 2020, Best Buy’s turnover reached US$ 47.3 billion, up by 8%. With 43% of sales online, it is one of the most omnichannel retailers in the world. As a comparison, rival Fnac Darty reports...

20 May 2021

L’homme qui a sû transformer Best Buy

En 2020, le CA de Best Buy a atteint US$ 47,3 milliards (+8 %) … Avec 43 % de ventes en ligne, c’est l’un des retailers les plus omnicanaux au monde. A titre de...

20 May 2021

With Guillaume Motte, LVMH strengthens its management team

Guillaume Motte, President of Sephora Europe and Middle East, has been appointed as Deputy C.E.O. to Sidney Toledano, who heads the LVMH Fashion Group (brands Céline, Givenchy, Marc Jacobs...

20 May 2021

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