News

Casino – Teract: Intermarché is joining the fray
Interrupting a proposed merger between Casino and Teract, Intermarché is joining the fray. The firm wants to take over about 100 Casino French supermarkets to gain 0.7% market share. This is...
25 April 2023
USA: Ikea invests €2 billion over 3 years with omnichannel
Boosted by the tax benefits of the Inflation Reduction Act from August 2022, Ikea is investing €2 billion over 3 years to turn the U.S.A. into the largest market by sales. However, on an annual...
21 April 2023
Neil Pein, BNP Paribas : “We will launch SoftPOS as a pilot in Q2 2023”
Axepta, which brings together cash solutions for retailers within BNP Paribas, integrated Floa's fractional payment offerings into customer service offerings in 2022. Neil Pein, Head of Payments...
21 April 2023
Convenience: Japan’s 7-Eleven powerhouse eyes Europe sales
Since the beginning of 2023, competition has intensified in Europe with the arrival of new grocery operators. The Japanese giant Seven & I Holdings is about to make inroads in various...
18 April 2023
Guillaume Darrousez, CEO Petit Bateau: After 6 months, a second-hand spending customer starts buying our new products”
Guillaume Darrousez, C.E.O. of the Petit Bateau children's wear brand, was a guest of the latest FrenchFounders meeting in Paris, attended by mind Retail. He shared future plans to combine carbon...
France, Spain and Portugal: split payment is more popular than deferred payment
According to Floa and Kantar, if payment facilities are growing with a rise of e-commerce, European countries show notable differences. In Germany, the use of deferred payment has tripled in 2022...
14 April 2023
Sandro : Second-hand, a profitable business from the first year
After 12 months of operations, Sandro shared with mind Retail the results of their second-hand business, which launched 100% online. For the fashion brand, this service is now at a "roll-out...
Walmart: By 2026, 65% of web orders prepared in stores will be automated
While Walmart has managed to increase the weight of online sales in 2022, with total revenue growth keeping pace with inflation, the company is making supply-chain automation a priority. Within 3...
7 April 2023
Etam Group: at Maison 123, the stores are in charge to double ownership of e-wallet loyalty cards
One year after the start of the dematerialisation of the loyalty card with Captain Wallet, the first results are encouraging for the fashion retailer. In 8 months, the value of customers who have...
5 April 2023
Decarbonisation, gaming, communities: the new levers of Chinese e-commerce in 2023
Last year, e-commerce played a crucial role in China, driven by Covid-19 zero policies, but the shopping experience has also been transformed. Mind Retail helps to identify the main innovations in...
29 March 2023
Couche-Tard consolidates in Europe via a US$3.3 billion buyout
Taking advantage of TotalEnergies' withdrawal from petrol stations, the Canadian company Couche-Tard is filling the space and expanding operations in Germany, the Netherlands, Belgium and...
27 March 2023
Why South Korea has become a springboard for LVMH and Gucci
With luxury purchases of US$325 per capita in 2022, South Koreans are the now the world's largest customers for high-end goods. Whilst luxury sales could fall in the U.S.A. in 2023 due to tensions...
24 March 2023
Buy Box, end of wholesale: How to prepare for Amazon’s new distribution strategy
In early March 2023, Amazon announced that it would stop sourcing from wholesalers. At the end of December 2022, the business had agreed to review the "Buy Box" mechanism, a key engine for sales...
24 March 2023
Fabien Versavau, Rakuten: “With Carrefour, the synergies in terms of retail media are obvious”
Following the announcement of the imminent opening of a Carrefour digital shop on the Rakuten marketplace, Mind Retail met Fabien Versavau, MD of Rakuten France and Executive Officer Rakuten...
22 March 2023
Eduardo Velasco, L Catterton: “Consumers do not believe in ESG transformations”
Eduardo Velasco, Partner at the investment fund L Catterton co-founded by LVMH and Bernard Arnault (US$ 33 billion in assets under management in F&B, fashion, etc.) was a guest at the latest...
22 March 2023
Financial results. Inditex widens the gap with H&M and Fast Retailing in 2022
In 2022, the world's largest fashion Inditex retailer posted a profit of €4 billion, up by 27% on 2021. A net result that places the group above fast-fashion competitors.
21 March 2023
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