Financing and expansion
Malaysian company Mr.DIY opens in South Africa
South Asian D.I.Y. discount retailer Mr.DIY (2024 revenue: US$984 million, up 6.7% year-on-year, via 5,000 stores in Asia and Europe) is preparing to sell in Africa with a first store in South...
20 June 2025
Colruyt and Carrefour rebalance European assets
On June 17, the Les Mousquetaires Group (2024 sales: €42.5 billion, up 6.4%) announced exclusive negotiations to acquire 81 Colruyt stores, 44 petrol stations, and 1,300 French staff. The...
19 June 2025
Italy’s Conad to invest €258 million in store network
On June 9, the Italian group Conad (2024 revenue of €21.1 billion, up 4.5% year-on-year after a rise of 8.1% in 2023) announced an investment of €258 million by 2027 in a network of...
17 June 2025
Financière Agache, a Bernard Arnault’s holding company, exits Lagardère’s capital
It’s the end of a strategic partnership. According to the AMF, Bernard Arnault’s holding company Financière Agache sold the remaining 7.97% stake in the Lagardère group...
17 June 2025
USA : Dollar General capitalises on tariffs trade tensions
In the U.S.A., the second-largest discount grocer after Aldi reported excellent business results. It seems that the 55% tariff increase on Chinese products has been a godsend for low-cost...
- Retail
- Retailer and e-commerce
- News
10 June 2025
Menswear brand Snitch raises US$40 million to expand in Asia and the Middle East
In India, men’s label Snitch (2024 sales: US$29.4 million, up 128% in a year, net margin ratio of 1.8% via 60 stores) raised US$40 million in Series B funding on May 27 (investors: 360 ONE...
5 June 2025
Dick’s acquires Foot Locker for US$2.4 billion
After JD Sports and Courir in November 2024, a consolidation trend continues. On May 15, Dick’s (sales 2024: US$13.4 billion, up by 3.5% year-on-year, net margin ratio 8.7%) announced the...
22 May 2025
Qashflo, the financing solution dedicated to marketplaces sellers, ceases operations
Qashflo, an accelerated payment solution for 3P sellers on European marketplaces, is closing. Despite a positive recovery, the company has not secured sufficient shareholder equity to ensure the...
20 May 2025
China : amid slowing beauty sales, SaSa slashes offline stores
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...
14 May 2025
To capture the potential of Indian beauty, Chanel seals a key partnership with Nykaa
In India, the premium beauty market is whetting appetites. Under the leadership of Chanel’s CDO, Renaud Batteux, the luxury group (sales of US$19.7 billion in 2023 up 16%, net margin ratio...
13 May 2025
Skechers moves under Brazilian flag via a US$9.4 billion buyout
On May 5, sneaker retailer Skechers accepted a US$9.4 billion takeover bid from Brazilian investment fund 3G Capital. Scheduled for Q3 2025, the transaction will result in Skechers’...
12 May 2025
Primark to enter Kuwait and the U.A.E. with Alshaya
After announcing, in March, a new Indian operation via a franchise partnership with Reliance Brands, British retailer Primark (2024 turnover of US$11.93 billion in the fiscal year to September...
12 May 2025
[Amazon results] A strong first quarter, boosted by the anticipation of tariff increases?
On May 1 2025, Amazon published financial results for the first quarter 2025 (to March 31). Sales, at US$155.7 billion, compared with US$143.3 billion a year earlier, rose by 8.6% at constant...
- Retail
- Retailer and e-commerce
- Analysis
9 May 2025
Thibault Tabard, Ingka: ‘With 2 to 3 openings per year, we are aiming for 20 design studios by 2030’
As Ikea expands urban stores dedicated to project design, mind Retail wanted to understand the results. How many appointments were made last year ? What is the uplift in consumer spending ? We...
- Retail
- Retailer and e-commerce
- Analysis
6 May 2025
Grocery retail consolidation : Salling acquires Rimi Baltic for €1.3 billion
On May 5, Danish retailer Salling (2024 turnover: €9.7 billion, up by 2.7% year-on-year, net margin ratio at 2.4% of sales) received shareholders’ approval to acquire the Baltic...
6 May 2025
Vinted triples net margin in a year and launches investment fund
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.
- Retail
- Retailer and e-commerce
- News
30 April 2025
Our mind news
According to our information, Fnac Darty is about to deploy European payment solution Wero, based on account-to-account instant transfers, on its e-commerce sites. Already active in Germany at...
- Retail
- mind Exclusive
- Retail tech
4 September 2026
On the occasion of an IPO, Shein revealed a carbon footprint of 25.5 million tonnes of carbon dioxide in 2025, up by 20% compared to a reference year. For an equivalent sales level, the fast...
3 September 2026
mind Retail has gained access to exclusive Ahrefs figures on the impact of Google "AI Overviews" responses for the e-commerce sector. Launched on July 22, 2026, in France as part of AI Mode, these...
20 August 2026
In the wake of a large fundraising, Skello develops a portfolio of key accounts by winning over a big name in retail. Backed by an ARR of €50 million and profitability reached in 2025, the...
7 July 2026
Most viewed articles of the month on mind Retail
What readers clicked on the most last month.
What readers clicked on the most last month.
1
Before an IPO, Shein forced to reveal margin erosion in 2025 and impact of US tariff shock
Made public ahead of a Hong Kong listing planned for September, Shein’s financial documents, seen by mind Retail, confirm the shift experienced by the fast-fashion retailer. Despite a 8% sales...
- Retail
- Property and investors
- Analysis
21 August 2026