After a poor second quarter, Target is reshuffling the deck: new C.E.O., new priorities to get back on track Americas The U.S. grocery retailer Target is embarking on a strategic shift after a difficult first semester. With 19.6% of online sales and three-quarters from non-food products, the US's third-largest grocer is changing governance. For new C.E.O. Michael Fiddelke, monetising digital activities and reviving core business categories are at the top of the priority list.
[Amazon results] Between accelerated growth and massive investment in Q2, Amazon seeks balance Americas On July 31, Amazon published quarterly results in line with Wall Street expectations, with revenue up 13.3% and net profitability up 35%. Looking for early signs of a return on spending, and despite 31.4 billion dollars in investments during the quarter, investors punished the stock with a 6% drop at the close.
China : amid slowing beauty sales, SaSa slashes offline stores Asia On April 15, Chinese beauty retailer SaSa (revenue of US$560 million in the last fiscal year to March 2024, net margin ratio of 5% through 183 stores) published results for the quarter to March 2025.…
[Amazon results] A strong first quarter, boosted by the anticipation of tariff increases? Americas Amazon reports a solid Q1 2025, but tariff uncertainty threatens stability. Driven by the cloud, the marketplace, e-commerce and advertising, total sales rose by almost 9%. The group, which converted part of the investment in Anthropic into shares, saw net margin jump seven times faster than sales.
Vinted triples net margin in a year and launches investment fund Europe Profitable for the second year running, Vinted is accelerating expansion in Europe, expanding logistics offering and venturing into venture capital with a fund dedicated to re-commerce.
data [Food Retail Barometer 2024] The financial health of the world’s 10 largest food retailers in 7 charts Now in a fourth edition, our annual barometer presents the financial performance of the world's 10 largest food retailers from 2017 to 2024: Walmart, Costco, Kroger, Seven & I, Target, Ahold-Delhaize, Carrefour, Albertsons, Tesco and Aeon. With the exception of 3 players, most retailers failed to save their margins last year. In terms of e-commerce, all retailers made progress, with some even breaking through the 18% sales share glass ceiling.
Asda and Currys invest in protection against theft and assault in the U.K. Europe In the U.K., thefts jumped by 25%, and assaults on staff by 50% in 2024. With the associated loss estimated at €4.8 billion per year for the sector, retailers are investing in more security. We review measures taken by Asda and Currys.
Acquired for US$8.5 billion, Dollar Tree sells Family Dollar for US$1 billion Americas On March 26, the American discounter Dollar Tree (owner of the eponymous brand and Family Dollar) reported a turnover of US$30.83 billion in 2024 via 2900 stores,…
Like Action, Miniso closes the 2024 financial year with a 23% increase in turnover Asia During the financial year ending at the end of December 2024, the Chinese company Miniso reported, on March 21, an unaudited turnover of US$2.33 billion (up by 22.8%,…
Inditex ends 2024 with strong growth and 26% of online sales Europe On March 10, the global fashion giant Inditex (owner of Zara, Pull&Bear, Bershka, Massimo Dutti, etc.) revealed a annual turnover of €38.6 billion,…
