RetailDetail.eu

1 week ago | retaildetail.eu | Pauline Neerman

El Corte Inglés posted solid profit growth last year. Private labels and e-commerce in particular generated higher margins for the Spanish department store group, while fashion and hospitality were the physical drivers. El Corte Inglés closed the 2024-2025 financial year with a net profit of 512 million euros, an increase of 6.7% compared to the previous year. However, turnover increased to a lesser extent, by 2%, to 16.68 billion euros.

1 week ago | retaildetail.eu | Pauline Neerman

Twinset has been fully acquired by the Borletti and Quadrivio investment groups. Thanks to the acquisition, the Italian fashion chain aims to strengthen its European presence and explore new markets such as the US and Asia. Borletti and Quadrivio, each of which will receive an equal share, want to shape the future of Twinset together. Financial players Narval Investimenti and Ersel Banca Privata are also involved as co-investors. Narval has appointed its own representative to the board of directors.

1 week ago | retaildetail.eu | Pauline Neerman

Amazon CEO Andy Jassy says the impact of AI will be so transformative that the corporate workforce will shrink over the coming years. “It should change the way our work is done,” according to Jassy. “We will need fewer people doing some of the jobs that are being done today.”Amazon has over a thousand AI applications and services, built or in progress, from voice assistant Alexa to AI support for advertisers and sellers on the platform.

1 week ago | retaildetail.eu | Pauline Neerman

Online sales of consumer electronics grew by almost a quarter last year. Further growth is on the horizon, mainly thanks to refurbished smartphones, unless US import tariffs throw a spanner in the works. The European online market for consumer electronics continues to grow steadily, despite geopolitical tensions and macroeconomic pressures. In 2024, total online sales amounted to 112 billion euros, a whopping 24% more than in 2021.

1 week ago | retaildetail.eu | Pauline Neerman

C&A and H&M remain the most visited clothing stores in the Netherlands, yet they are facing competition from a few remarkably strong growth companies in the Dutch fashion market. On the other hand, there are also a number of high street classics that are losing consumers’ attention…Between February and May 2025, the Dutch fashion retail market saw striking shifts in footfall and brand shares. This is evident from an analysis of pedestrian flows by Accurat.