Faced with trade tensions, Shein and Asics are ramping up Indian production Asia In India, Shein and Asics are increasing production capacity to respond to trade tensions and secure supply chains. Shein (2024 revenue: US$38 billion,…
Exclusive [mind Retail Exclusive] In 4 years, Cdiscount generated €10 million in GMV with Stockly Europe Having just raised €26 million in Series B funding from Eurazeo and Daphni, the start-up which specialises in stock pooling between e-retailers confirms a rising status in the market. We review a deployment at Cdiscount and Mediamarkt.
Thai subcontractors claim U$1 million from Otto Group Europe While in Germany, the application of CSDDD has been eased, Otto online retailer is the subject of a complaint related to Thai textile workers. After filing for bankruptcy, a former textile supplier allegedly failed to pay the wages and compensation due.
Mexico increases customs fees for Temu, Shein, AliExpress and others Americas As Donald Trump threatens to impose 25% customs duties on imports from Canada and Mexico,…
Fast Retailing torn on the Chinese issue of Xinjiang Asia After a record year in a fiscal year to the end of August 2024 (turnover of US$20.7 billion up by 12.2%,…
Exclusive [mind Retail Exclusive] Kiabi deploys CrushOn Connect second-hand solution in 70 stores Europe When availability of second-hand products is a growing challenge for retailers, Kiabi signed up with technology publisher CrushOn, mind Retail has learned. The aim is to streamline the sourcing of second-hand clothing, directly in stores.
Aldar Properties and Mubadala create a US$2.45 billion joint venture Africa, Middle East On September 18, the Prince and Chairman of the Executive Council of Abu Dhabi, Sheikh Khaled bin Mohamed,…
The Emirates abolish customs duties on Australian imports Africa, Middle East On September 17, the United Arab Emirates (UAE) and Australia signed a trade agreement aimed at boosting investment and bilateral trade between the countries.…
Havas Commerce: 28% of retailers want to increase investment in AI According to Havas Commerce, while only 46% of retailers are using artificial intelligence, 28% plan to make this an investment priority by 2025. After starting with uses in marketing like chatbots, content, recommendations, pricing, CRM and logistics, the study indicates the next frontiers for this technology.
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,…
