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Retail Industry News
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MINISO stock jumps 5.8% as YOYO crosses RMB1bn and U.S. retail growth accelerates
MINISO’s mainland China GMV grew 25% to 30% in the third quarter, U.S. sales accelerated sharply in September and proprietary character YOYO exceeded RMB1 billion of nine-month GMV.
Why IKEA, eBay and fashion brands are turning secondhand shopping into a growth strategy
IKEA, eBay, Vinted and fashion brands are moving beyond traditional retail models to capture value from products throughout their ownership cycles. New marketplace data reveals growing consumer participation, but profitability and customer retention will determine whether resale becomes a sustainable growth strategy.
What does Kingfisher’s new CEO choice reveal about the future of B&Q and Screwfix?
Kingfisher has selected OBI Chief Executive Officer Sebastian Gundel to succeed Thierry Garnier, placing omnichannel retail and trade growth at the centre of its next leadership era.
LVMH’s fashion sales fall 5% as China slowdown threatens luxury recovery
LVMH reported third-quarter 2026 revenue of €18.50 billion and organic growth of just 1%, with its flagship Fashion and Leather Goods division declining 5% as weaker demand in China overshadowed improvement across other businesses.
CDE Solutions and Bodega AI target 25,000-retailer network with AI-powered POS partnership
CDE Solutions is combining its payment technology distribution network with Bodega AI's intelligent point-of-sale platform, targeting inventory decisions, pricing, sales opportunities and store automation. The partnership brings together a payments provider that has served more than 25,000 retailers and an AI technology company reporting over 1,500 merchants, but adoption and financial benefits remain to be demonstrated.
NUU N10 Plus packs Android 16 and a 50MP camera for $169.99, but is 4G enough in 2026?
NUU has launched the N10 Plus, a $169.99 unlocked Android 16 smartphone featuring a 6.6-inch display, 50-megapixel main camera, NFC connectivity and a 5,000mAh battery. The device targets budget-conscious American consumers, but its reliance on 4G LTE creates a competitive challenge as affordable 5G alternatives become increasingly accessible.
Apple unveils HomeView, HomePod mini 2 and new Apple TV 4K. Can it challenge Amazon and Google?
Apple has introduced a new generation of smart home hardware led by the $299 HomeView, expanding its artificial intelligence strategy into household devices and connected entertainment.
Kingfisher (LSE: KGF) names Sebastian Gundel CEO as digital and trade sales accelerate
Kingfisher plc has appointed OBI Chief Executive Officer Sebastian Gundel to succeed Thierry Garnier from February 2027, bringing in a home-improvement executive with a strong digital and omnichannel record. The succession comes from a position of improving profit and marketplace growth, raising expectations that the next leadership phase should accelerate rather than repair the group.
Kroger wants lower prices and fewer managers. Can 3,000 corporate job cuts deliver both?
The Kroger Co. plans to eliminate roughly 3,000 corporate positions over three years, equivalent to about 37% of its 8,200-person corporate workforce. Chief Executive Officer Greg Foran is linking the restructuring to simpler management, lower prices, greater store-level investment and wider use of artificial intelligence as competitive pressure from Walmart and Aldi intensifies.
Too Yumm! is only part of the story. Why has RP-Sanjiv Goenka Group hired a new FMCG CEO now?
RP-Sanjiv Goenka Group has appointed former Adani Airports executive Harshad Jain as Chief Executive Officer of its fast-moving consumer goods business. The appointment puts a veteran of PepsiCo India, Bharti Airtel and HT Media behind a portfolio spanning Too Yumm!, Evita, Naturali and Dr. Vaidya's as the group attempts to turn a collection of emerging consumer brands into a larger multi-category platform.