June

Once a month, 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:  Albane Rouaix and Léa Korenian - Consultants in Retail / CPG / Luxury 

Top News

The iconic department store, La Samaritaine, has just been reopened. After a 16-year closing, the French giant LVMH renovated the building to offer to parisian shoppers an unique experience. The visit is worth the wait if you are in the district! 

Forbes - 2021/06/23 - More Details

Latest global announcements

The famous Amazing Prime Day, took place last month. The 2021 Edition of this famous sale recorded a record turnover of more than 11 billiard dollars in the United States only. This figure is 6.1% higher than last yeard acording to Adobe Digital Insignt.  In the wake of the end of the Covid-19 virus' restriction, the population is ready to spend their savings.

LSA Conso- 2021/06/21 - More details

L'Oreal and Facebook have partnered to enable virtual fitting on Instagram, via their respective augmented reality companies and platforms, ModiFace and Spark AR. Indeed, following the pandemic, it has become essential for beauty actors to offer their customers a digital experience similar to the in-store experience. Moreover, online sales on social networks, and especially on Instagram, are becoming more and more important for retailers. The virtual trial feature is currently available for NYX Professional Makeup, Urban Decay, Maybelline New York, and Lancôme lipsticks and will be available soon for other product categories.

L'Usine du Digital - 2021/06/22 - More details

 

Notable trends

 

This month, the relaunch of the famous department store "La Samaritaine" in Paris by LVMH has a lot to teach us about the future and strategies to adopt for thoses kind of luxury spaces. This article will give you 5 trends that are game changing in the sector.

Forbes - 2021/06/28 - More details

Augmented reality technology is increasingly being adopted by the retail industry. This is due in particular to companies specializing in this technology, which support retail players in the deployment of customized solutions in augmented reality. This is the case of Wonder Partner's, a company based in Nantes, which has just launched an Augmented Shop offer to support retailers in developing features such as virtual fitting to improve the customer experience. Wonder Partner's is currently working mainly with retail brands such as Carrefour and Casine, but many French and international clients in the luxury and pharmaceutical sectors are also interested in this offer.

Fashion Network - 2021/06/30 - More Details

When, in France..

Gap France has been made bankrupt and is looking for someone to take over the company. WIth 21 stores, the american ready-to-wear company may have finally found a buyer and may not be forced to close them down. That will be La Financière immobilière bordealis, an investment company that is predicted to take the lead as a  franchise.
Fashion Network - 2021/06/25 - More details
On June 16th, the American giant Amazon and the French retail company Monoprix have launched their partnership. Strasbourg has been the first French city to benefit of the same day delivery service as a test city. This is a first step before extending this offer in more and more cities. 
LSA Conso- 2021/06/29 - 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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