[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.
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,…
