April (#1)

Once every two weeks, our team gathers a selection of the latest news about Retail, CPG & Luxury. 
Discover below the articles that have held our attention!

The Press Review Team: Gayané Bakaloglou, Anne-Claude Bédry, Constance Henry, Emilie Ramon, Maxime Ramos, Albane Rouaix - Consultants in Retail / CPG / Luxury

Top News

The groups Adidas and H&M sparked outrage in Germany on Sunday 29 March by announcing their intention to stop paying rent for stores forced to close because of the coronavirus epidemic. These announcements come at a time when the German government has unveiled a major rescue plan to protect businesses and jobs from the economic impact of the pandemic.  "It is indecent and unacceptable that financially strong companies should stop paying their rents," said the German Justice Minister.

The straights times - 2020/03/30 - More details

Notable trends in the sector

Nike pleasantly surprised the markets on Tuesday, reporting solid quarterly results, despite the coronavirus pandemic that led to the closure of 75% of its stores in China at the peak of the country's health crisis. Revenues increased 5% to $10.1 billion in the three months ended February 29, the third quarter of fiscal 2019/20. This increase was driven by a 36% jump in online sales, underlining the explosion of e-commerce during this health crisis. 

Archyde - 2020/03/25 - More details

Like food FMCGs, traditional fresh produce (TFPs) have seen their sales increase since the arrival of the coronavirus. Less easy to store, they are growing at a less dynamic rate than FMCGs, even though the closure of markets has favoured their growth.

LSA Conso - 2020/04/03 - More details

Contentsquare retail analysis shows only a very slow improvement for fashion and luxury sites. Cosmetics sites, for their part, show a return to an almost normal activity, despite still reduced traffic.

Fashion Network - 2020/04/02 - More details

Latest global announcements

The Canadian government has signed an agreement with Amazon Canada to manage the distribution of medical equipment like masks, gloves and ventilators purchased by the Canadian government to help in its fight against the coronavirus outbreak, Prime Minister Justin Trudeau said on Friday.

Fashion Network - 2020/04/06 - More details

Meanwhile in France

Clothing brands are helping on their own people who are the most vulnerable because of Covid pandemic. Kiabi, a French fashion mass-market company, is donating more than 300000 pieces of clothes. Amongts the targeted people: homeless people nd victims of abuses.

LSA Conso - 2020/04/03 - More details

Intermarché, the food brand of independent retailers has just announced that it is blocking the prices of 10,000 items until 15 May and that it will offer a selection of French agricultural and fishing products every week "at the legal minimum selling price" to support farmers and fishermen.

LSA Conso - 2020/04/04 - More details

Please share with us your favorite articles to be featured in the next edition of our Press Review: presse_retail@bearingpoint.com

 

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