Home Depot acquires GMS for US$5.5 billion and confirms shift towards an integrated B2B model Americas With 50% of revenue from professional customers and a weakening property market, The Home Depot is making a second major investment in B2B. To acquire GMS Inc., the company is offering US$5.5 billion in cash, bringing total investment in this sector to more than US$23 billion in 15 months.
B2B: Albertsons launches e-commerce platform for trade professionals Americas Whilst digital technology is a common lever for growth, monetisation and capitalisation for Walmart and Target, this only generates 8% of Albertsons' grocery sales. To improve margins, the U.S. grocer is focusing on B2B with the launch of a dedicated e-commerce platform.
Free Alibaba strengthens payment security for third-party merchants to accelerate B2B growth Europe A year after acquiring Visable, a B2B e-commerce platform publisher, Alibaba (2023 sales US$130.4 billion, up by 8%) launched Trade Assurance on October,…
[mind Retail Day] Six fashion, home and B2B retailers facing circularities’ challenges At the mind Retail Day on June 19, Béatrice Brandt (Le Jacquard Français), Loic Gauchet (5ASEC Business), Anne-Laure Grand (Decathlon Pro), Marie Kennel (Christofle), Damien Pellé (SMCP) and Julia Zapata (Amazon Business) presented sustainable initiatives. For most companies, a second-hand business is not yet profitable, but shows promise. For the B2B sector, retailers are gearing up to capture customer demand for sustainability. We assess the strategies.
Rent Now Pay Later: In Dubai, Keyper wants no more bank cheques Africa, Middle East On March 13, 2024, Keyper, an Emirati start-up specialising in fractional payments for shopping centre tenants,…
Exclusive [mind Retail Exclusive] American Adore Me wants to digitalise wholesale business Americas At NRF 2024 mind Retail learned that U.S. lingerie online retailer Adore Me (part of Victoria's Secret) is moving away from a purely digital and DTC approach. To gain traction in the wholesale market with professional customers, the firm will operate on the Djust platform.
[info mind Retail] Marco Sacco-Stevanella, ManoMano: “After launching free returns for B2B clients in France, the next step will be an international launch” Interviews As D.I.Y. volumes are shrinking, ManoMano wants to capitalise on B2B customers. From 100% free returns for professionals, launched at the end of September in France to new payment options, Marco Sacco-Stevanella, Senior B2B Marketing Lead, presents the future initiatives of the D.I.Y. pure-player.
[mind Retail info] Auchan Retail launches a website dedicated to B2B customers In France, Auchan Retail has just launched Auchanpro, a website entirely dedicated to businesses. This B2B digital initiative, one of the first in the local supermarket sector, aims to secure business amid falling purchasing power of local households.
