Asda obtains a US$196-million loan to postpone debt maturities Europe Following a US$4 billion refinancing in May 2024, the UK’s third-largest grocery retailer Asda (2023 sales of US$ 27.2 billion+ 7,1 % in a year) obtained a US$196 million loan on December 4,…
With 16 new contracts signed in Q3, Shopify continues to focus on key accounts Americas Off-White, Victoria's Secret, Reebok... long associated with VSEs, Shopify intends to compete with Salesforce, Oracle, Adobe and SAP by setting its sights on major accounts.
Delivery platforms: After Swiggy, India’s Zomato raises US$1 billion Asia With the Indian market of express delivery set to reach US$6 billion in 2024, the number of IPOs and capital raisings by delivery platforms is increasing. Following Swiggy and Zepto, Zomato announces a major fundraising and a strategic shift.
Kohl’s sales plunge 8.8% in Q3, penalised by insufficient private label inventory Americas American chain Kohl’s (2023 sales 16.6 billion dollars , down by 3.4%, 1,100 stores in 49 states) is going through a difficult period.…
After a US$1.5 billion disposal, Advance Auto Parts closes 15% of its stores Americas In the U.S.A., Advance Auto Parts (AAP, 69,000 employees at the end of 2023), the American auto parts specialist, announced a closure of 727 stores (523 Advance Auto Parts,…
With sales up 21% in nine months, Action focuses on Southern Europe Europe In the first 9 months of 2024, Action recorded 10% like-for-like growth, driven by a larger customer base. It is targeting 350 store openings in 2024.
Faced with inflation and the housing crisis, Ikea sales fall for the first time in 5 years Europe While the restriction of purchasing power for the working classes continues unabated, even shaking up the political landscape, Ikea's sales fell by 4% in value and remained sluggish in volume in the last financial year. While e-commerce has gained ground, the contribution of stores to the Swedish' mass-market strategy continues to lower.
In 2024, Costco maintains growth and raises net margin to 2.9% of turnover Americas On September 26, 2024, Costco, the world’s 2nd largest food retailer by sales, published results for the financial year ending August 2024.…
Beauty: Nykka relies on express delivery to deliver 50% of orders on D+1 Asia On September 3, according to Office Chai, Indian omnichannel fashion and beauty retailer Nykka (US$770 million turnover in 2023,…
Despite better Q2 results than Alibaba, Temu reviews strategy Asia The quarterly results to the end of June for Alibaba (sales up 4%, including down by 1% for retail) and Temu (sales up 86%) worried financial markets. Rising competition from TikTok and other pure-players, combined with a slowdown in Chinese consumer spending, prompted both players to review strategies.
