June (#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, Emilie Ramon, Maxime Ramos, Albane Rouaix - Consultants in Retail / CPG / Luxury

Top News

On the background of the "Black Lives Matter"  movement, Kering Group issued a statement affirming its support for the fight against racism. To match words with deeds, the luxury company announced a donation to the NAACP (National Association for the Advancement of Colored People), which fights for the elimination of racial discrimination in the United States. Another donation will be made to Campaign Zero, an organization that aims to reduce police violence in the United States. 

Fashion Network - 2020/06/03 - More details

Latest global announcements

Goldman Sachs and Amazon are partnering to offer to independant US Amazon sellers the possibility to open a credit line up to $1 milion. Goldman Sachs will only use seller data to adapt the loan suggestion and only if the seller agrees: it will enable the bank to diversify its assets and enforce the ability of Amazon to offer a more integrated service..

CNBC - 2020/06/10 - More details

Buying online from videos is a growing success in China and could become a major trend in online sales in Europe. With this in mind, the Chinese online platform Alibaba plans to recruit 100,000 international influencers in the near future. The goal will be to accelerate online sales on AliExpress worldwide using the video channel. 

Tech Crunch - 2020/06/10 - More details

Amazon and Alibaba's competitor JD.com just raised 4.1 billion dollars last week - approximately 3.4 billion euros - in order to introduce to Hong Kong stock exchange. This eretailer seemed to have less suffered from the covid crisis compared to Alibaba because of its operating system (JD.com has a strong logistic network and sells directly to consumers whereas Alibaba is a marketplace). The company aims to begin trading on June 18th. 

Forbes - 2020/06/07 - More details

Notable trends

Nestlé is testing refill stations in Switzerland to enable customers to buy Cat food and Nescafé coffee when using reusable packagings. The stations are also able to deliver information about the products as expiration date and nutritional informations. This initiative is one of the many Nestlé is launching to decrease plastic waste.

Fast company - 2020/06/10 - More details

In general, it seems that ecommerce benefited from the covid crisis and the quarantine period. Nevertheless, growth was not equally distributed and some sectors made the most of quarantine more than others. The only category in decline is Fashion with a 6% drop in revenue. 

EcommerceDB - 2020/05/31 - 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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