financial results

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...

11 December 2024

With 16 new contracts signed in Q3, Shopify continues to focus on key accounts

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.

4 December 2024

Delivery platforms: After Swiggy, India’s Zomato raises US$1 billion

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...

3 December 2024

Kohl’s sales plunge 8.8% in Q3, penalised by insufficient private label inventory

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. Quarterly sales to November 2 fell by 8.8%...

28 November 2024

Delivery Hero prepares Talabat’s I.P.O. for Dubai Stock Exchange

German delivery giant Delivery Hero (GMV of US$51.2 billion in 2023, up by 5.7% in 70 countries) is aiming for US$1.5 billion when Talabat, the very dynamic subsidiary in the Middle East, is...

21 November 2024

After a US$1.5 billion disposal, Advance Auto Parts closes 15% of its stores

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, 204 Carquest) and 4...

21 November 2024

With sales up 21% in nine months, Action focuses on Southern 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.

18 November 2024

Faced with inflation and the housing crisis, Ikea sales fall for the first time in 5 years

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...

15 October 2024

USA: CVS makes further redundancies and plans to split retail and health insurance businesses

According to CNBC, drugstore retailer CVS Health (sales of US$357.8 billion in 2023, up 10.9%, net margin at 2.3% of sales) has hired consultants to carry out a strategic review of the business...

4 October 2024

In 2024, Costco maintains growth and raises net margin to 2.9% of turnover

On September 26, 2024, Costco, the world’s 2nd largest food retailer by sales, published results for the financial year ending August 2024. Continuing the growth momentum of 2023, the...

3 October 2024

Beauty: Nykka relies on express delivery to deliver 50% of orders on D+1

On September 3, according to Office Chai, Indian omnichannel fashion and beauty retailer Nykka (US$770 million turnover in 2023, up 24%, 200 stores in 72 Indian cities) launched a 3-hour delivery...

6 September 2024

Despite better Q2 results than Alibaba, Temu reviews strategy

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...

27 August 2024

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...

27 July 2024

Luxury goods: in the 1st half, LVMH cannot escape market slowdown

On July 23, LVMH (2023 sales: €86.15 billion, up 9%, after a 23% increase in 2022) published results for the first half to the end of June. Sales, down 1% at constant exchange rates to...

25 July 2024

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, up 20% in the first semester. Like-for-like sales were up 9%. Action’s 17 million...

24 July 2024

Leroy Merlin halves Board and starts a vast redundancy plan

Leroy Merlin (GMV 2023 of €9.93 billion in France up by 1.3% year-on-year) announced the loss of about 500 jobs in France, representing around 1.8% of the group’s workforce. The timing...

12 June 2024

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Leroy Merlin and Aroma‑Zone launch in‑store analytics pilots with XXII

French retail tech XXII, which aims to become the Google Analytics and Contentsquare of physical stores, has already signed with 15 retailers and shopping centres, mind Retail learned. A year...

5 December 2025

Already in POC, Dialog’s conversational agent shows up in the search bar

Buoyed by a €3.8 million seed round closed in mid‑November 2025, French start‑up Dialog, specialised in AI‑based conversational e‑commerce, is accelerating. Initially placed on product pages, this...

4 December 2025

E‑commerce: How Hive customises free‑delivery thresholds using customer data

With 500 e‑merchant clients, including Embryolisse, Hindbag, Airup, Hygée or Jacks Beauty Line, German logistics provider Hive is capitalising on data to raise e‑commerce conversion via a finely...

2 December 2025

Retail media: Marionnaud bets on print with Figaro to boost drive-to-store

According to our sources, Marionnaud’s beauty retailer will expand an advertising unit into 3 new countries in 2026 and is launching another retail media lever in the French key market. The goal...

26 November 2025

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Payments: Wallets accelerate in a fragmented market

As retailers seek to streamline shopping journeys, payment fluidity is becoming a key conversion driver. Apple Pay, Google Pay, Samsung Pay, PayPal: wallets enable retailers to reduce delays and...

18 November 2025

Ikea compresses margin in 2025 to stay accessible despite falling revenue

In a context of rising tariffs and lower in-store traffic gains, Ikea closed the financial year with another decline in sales. While volumes increased and e-commerce reached 28% of activity, the...

17 November 2025

Online Advertising: Leroy Merlin and Auchan at the heart of a political controversy

Since November 17, Leroy Merlin has faced controversy after a report from Sleeping Giants, an activist group against online hate speech. The organisation alerted the Adeo group retailer (GMV 2024...

21 November 2025

How RougeGorge brings weather data into CRM strategy

After 4 years of collaboration on personalised emails the lingerie retailer RougeGorge is accelerating with retail tech partner Reelevant, which is expanding within AFM thanks to recent contracts...

10 November 2025

Carrefour: with 4% of the shares Rodolphe Saadé strengthens governance after the Diniz exit

A page is turning at Carrefour. On November 12, 2025 the Brazilian Diniz family (a shareholder since 2014 through its holding Peninsula) sold the 8% stake. At the same time Rodolphe...

13 November 2025

At Roissy 80% of checked Shein items found non-compliant

Following inspections at Roissy Charles de Gaulle airport on Friday November 6, 2025 on 200,000 Shein parcels “8 out of 10 items have proved non-compliant so far”, the French Ministry...

10 November 2025