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In the United States, the Saks Fifth Avenue department stores (40 physical stores for an annual turnover of around US$1 billion) has just made a radical choice. They are splitting business into...

22 March 2021

USA. Best Buy prepares for a digital future

In the United States, the profitable home-appliances retailer Best Buy (comparable revenue up by 9.7% in 2020) published its latest quarterly results. For the quarter ending January 2021, Best Buy...

22 March 2021

Brazil’s coolest sneakers brand posts record sales

The sneakers manufacturer Cariuma, which incorporates natural and renewable materials such as bamboo and sugar cane into its products and promotes Brazilian manufacturing, said that it has been...

22 March 2021

Almost one fifth of U.S. retail sales are now online

This year, online sales are expected to grow by about 20% in the United States, according to the National Retail Federation. In November and December 2020, almost one fifth of retail sales in the...

22 March 2021

Gap is considering a departure from China

In the three months to January 2021, struggling fashion retailer Gap reported sales of US$4.42 billion, down by 5%. E-commerce accounted for 46% of its business. According to Bloomberg, the...

22 March 2021

Sophie Bambuck to rescue Everlane’s reputation

Michael Preysman, Founder of Everlane, will need the talents of Sophie Bambuck, whom he has hired from the world’s giant Nike as the Marketing Director.

22 March 2021

Ryan Cohen bets on Gamestop against Amazon

Can the young and brilliant billionaire Ryan Cohen, who managed to beat Amazon in the “pet food” sector with his Chewy brand, achieve the same goal with GameStop, the video game and...

22 March 2021

Use case. Jacadi makes its digital shift

In the global market for children apparel, the French retailer Jacadi is innovating all ways. In 2021 for the first time, the high-end fashion brand will record more sales abroad than in the...

22 March 2021

Luckin Coffee : The so-called “Chinese Starbucks” goes bankrupt in the U.S.A.

After being fined US$180 million by the U.S. Financial Markets Authority for falsifying accounts, Luckin Coffee filed for bankruptcy protection in the U.S.A. in early February 2021. This decision...

26 February 2021

“Farewell Hong Kong, hello China”.

From April 2021, the VF Corp retailer (owner of Supreme, Timberland, Vans and The North Face) will move the Hong Kong headquarters to Shanghai. A second operational hub, dedicated to Asia, will be...

26 February 2021

Shanghai high-end Plaza 66 mall thrives.

If waiting lists for new tenants at several European centres are shrinking, this is not the case for the unmissable Plaza 66 centre in Shanghai (Puxi). In the second half of 2020, the total...

26 February 2021

Still no click & collect from Primark.

Despite a 30% turnover fall in the 16 weeks to December 2020, and a warning that the 305 store closures (out of 389 worldwide) would cost more than €1.1 billion, the British retailer Primark...

26 February 2021

The Russian equivalent of Lidl expected to raise €800 million.

The Russian discounter Fix Price announces a stock market listing in London for March 2021, expecting to raise €800 million. This represents €4.9 billion for the company value, which...

26 February 2021

The H&M Group moves into a rental business for kids wear.

Arket, a brand of the H&M Swedish retailer, has started renting children’s clothing through a partnership with the Dutch clothing rental company Circos. Subscription is available for...

26 February 2021

Digital with brick & mortars is Apple’s bet for India.

In Q4 2020, Apple doubled its market share in India to 4%, thanks to its e-commerce website launched in September 2020. The firm plans to open physical stores in India, starting with Mumbai, in...

26 February 2021

A 3rd Amazon Fresh supermarket opens in the U.S.

On February 12th, a 3rd Amazon Fresh store opened in Oak Lawn, Illinois. Covering approximately 3,500 square meters, this offers an omnichannel shopping experience with additional benefits for...

26 February 2021

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