News brief

China. Beauty is back online
Despite the coronavirus crisis, which caused cosmetics sales to fall by 80% in February 2020, international retailers are betting on the Chinese online beauty market. On Alibaba‘s...
15 June 2020
Wall Street is tightening its access to Chinese companies
After the Luckin Coffee scandal (removed from the Nasdaq after reporting more than US$310 million in false sales) and in a climate of tension between Washington and Beijing, the Senate voted...
15 June 2020
Commercial real estate. Arm wrestling over the notion of force majeure
In the U.S.A., the time is not suitable for major acquisitions. The No. 1 shopping centre operator Simon Property cancelled an acquisition of Taubman Centers (26 centres in the U.S. and Asia) for...
15 June 2020
Department stores. Rinascente goes into e-commerce
As part of the Thai Central Group, the Italian Rinascente ‘store’ is a 10th unit, but actually a website exclusively devoted to e-commerce. At the launch scheduled for mid-June in...
15 June 2020
Ikea innovates in Japan
The Swedish kit furniture giant is opening its first city centre format dedicated to urban spaces in Tokyo, Japan, where it operates a total of 11 points of sale. Located near a Uniqlo store, Ikea...
15 June 2020
Primark in discussion with landlords
Closed since March 23rd, the fast fashion retailer Primark will reopen all 189 stores in the U.K. on June 15th. The giant retailer pays around €147 million in rent per year and has lost...
15 June 2020
Harrods temporarily expands into outlet
British department store Harrods (turnover of €987.6 million for the financial year ending February 2019, up by 1%), a subsidiary of Qatar Holding LLC, announces a new temporary outlet store...
15 June 2020
Furniture. What post-crisis model?
From Europe to the U.S.A., exciting lessons are being learned for home-decoration retailers. According to Neela Montgomery, C.E.O. of Crate & Barrel, “We are starting to see the...
15 June 2020
E-commerce, China, 3D designs. Which business levers work for fashion?
Faced with the Covid-19 crisis, e-commerce has proved to be a real lifeline for some fashion retailers. However, digital services are not comprehensive across the sector. According to Bain &...
15 June 2020
Carrefour advances pawns into Taiwan
2020 is a year of international expansion for the giant Carrefour (turnover of €80.7 billion in 2019). After the acquisition of 30 Makro Atacadista cash & carry stores in Brazil in...
15 June 2020
Luckin Coffee. Dismissal at the top at the “Chinese Starbucks”
It’s a lesson in terms of rushed investment. Oversupply of cash in the U.S. seeking a home pushed investors to rush into Chinese mobile applications, convinced at all costs that a population...
20 May 2020
Why is Kretinsky investing in Macy’s?
According to Forbes, the activist investor Daniel Kretinsky (aged 44) is the fifth richest Czech citizen. He has taken a 5% stake in the American department store chain Macy’s (US$24 billion...
20 May 2020
Boom in local demand in Hong Kong
In Hong Kong, local products are booming. While 50 years ago 50% of the fruit and vegetables consumed in Hong Kong were produced locally, 98% are now imported, especially from China. In Singapore...
20 May 2020
South Korea and China move to revive reciprocal business travel
On May 1st, 2020, China launched a new bilateral “Green Lane” immigration program, aimed at facilitating business travel with South Korea. Koreans can now travel to 7 provinces and the...
20 May 2020
China. Retail support by state intervention
Will Chinese state interventionism be sufficient to put retail back on track, at a time when G.D.P. fell by 6.8% in the first quarter of 2020, following a 6% rise in Q4 2019? This was the first...
20 May 2020
The Chinese Dada soon to be listed in the U.S.?
While China and the U.S.A. clash over the origin of the pandemic, the American market remains receptive to Chinese companies. As financial markets have survived the crisis rather well, a major...
20 May 2020
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Most viewed articles of the month on mind Retail
What readers clicked on the most last month.
What readers clicked on the most last month.
1
US retailers divided over the rise of autonomous shopping agents
In the US, Gap, Walmart, Best Buy, Amazon and eBay are taking very different approaches to agentic commerce. While TV shopping giants QVC and HSN see these new intermediaries as an opportunity to...