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.
Between expansion and price cuts, Action’s turnover jumps by 20 % Dutch discounter Action (2023 sales: €11.32 billion, up 28%) announced sales of €6.23 billion,…
Inflation, retail sales, unemployment: 7 charts to understand the health of retail in Europe and the U.S.A. in H1 2024 mind Retail presents a review of macro-economic indicators for the 1st half of 2024. At the end of June 2024, what was the level of inflation in Europe, the U.S.A. and China? How is it impacting the retail market? Read our analysis based on data from Eurostat, the US Census Bureau and China's National Bureau of Statistics.
L’Occitane, Sephora, Ulta Beauty make major moves in a slowing market As the beauty market slows down, particularly in China, cosmetics retailers are making major moves. L'Occitane is delisting from the Hong Kong stock exchange, Sephora is changing governance in China, and Ulta is entering an era of slower growth. Here are some explanations.
Carrefour ends 2023 on a high note and aims to lease-operate 30% of hypermarkets Europe Carrefour has published a positive balance sheet for 2023, boosted by external growth in Brazil and in Europe. In France, the strategy of switching to franchising and leasing contracts has improved margins. E-commerce, which generates 6.2% of sales, continues to grow, but remains far from the €10 billion target for 2026.
[Amazon results] Strong growth and profitability in 2023, thanks to a rebalanced business model After a sharp post-Covid-19 slowdown, Amazon is recovering. In 2023, sales rose by 11.8% in one year, representing US$60.8 billion in additional revenue. After reorganising logistics business and laying off large numbers of staff, the operating profit more than tripled. Net margin now stands at 5.3% of sales.
LVMH and Hermès improve margins in 2023 despite slower growth rates Europe In a context of return to normal consumer demand after post-Covid-19 euphoria, particularly in Europe and Asia, LVMH recorded a total turnover of €86.15 billion in 2023 up by 9%.…
LVMH: does Q3 2023 signal the end of 3 years of super-growth? Asia Kering and LVMH shares tumbled on the stock market, as both luxury conglomerates reported a marked sales slowdown in Q3 2023. After 3 years of exceptional growth, the momentum is waning, signaling a return to pre-Covid-19 levels.
Headwinds in China force SMCP to reduce annual forecasts Asia On 18th September, the SMCP group (Maje, Sandro, Claudie Pierlot, Fursac) announced an adjustment of annual growth targets due to disappointing sales.…
