AI-driven job cuts on the rise in tech sector Americas As leading tech companies ramp up investment in artificial intelligence (AI) and roll out transformation plans to boost its development, layoffs across the sector are increasing. But are the job cuts at firms like Amazon, Microsoft, Accenture, Intel, and Salesforce truly driven by AI? The reality appears more complex.
ChatGPT reaches a milestone: 10% of conversations are about shopping, clicks surge Europe As the use of OpenAI’s search engine becomes part of daily life for more than 40% of Internet users according to Yext, U.S. research firm Sensor Tower has analysed prompts related to shopping. At the end of June 2025, 10% of requests were already commerce-related, a share that is due to rise with Black Friday and the holiday season.
Peak season: 74% of Singaporeans rely on AI for holiday shopping Asia In Singapore (population of 6 million), shoppers are turning en-masse to artificial intelligence for end-of-year shopping.…
[2025 Fashion Barometer] Inditex, Fast Retailing, Shein, Nike… Who is really winning the battle for profits? Which omnichannel fashion retailers boosted online sales during the last financial year? How has their store network evolved? What is the impact on profitability? In the 3rd edition of our barometer, which compares the performance of the world's Top 13 retailers, mind Retail reveals the e-commerce plateau that most retailers have reached. While Shein and Zalando have gained market share and posted a 2.5% net margin, it is still traditional retailers who dictate the rules of profitability and capitalisation.
AI, customs duties… job losses surge in US retail Americas In the United States, according to a report by labour market specialist Challenger Gray & Christmas (CGC) published on July 31,…
[E-commerce Barometer 2025] France, United Kingdom, Germany… traditional markets return to 2021 peak Europe In 2024, online product sales doubled (up by 5.4%) in the 6 main Western European markets of the U.K., Germany, France, Italy, the Netherlands, and Switzerland, driven by lower inflation and higher volumes. In 3 years, the peak of 2021 was matched or exceeded in the vast majority of countries tracked by mind Retail. While electronics confirmed resilience, FMCG stabilised. Despite aggressive sales by Shein and Temu, online fashion grew in value in Germany and France, gaining market share. Where 12 points of market share separated France and the UK in 2023, the gap is now only 5 points.
An additional US$14.8 billion to boost the South Korean economy? Asia In South Korea (population in 2024: 30 million), the government proposed on June 19 a second budget of US$14.8 billion to stimulate consumption in the country,…
