May (#3)

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

Facebook and Instagram are about to launch online shops where merchants will be able to set up their own shop. In concrete terms, companies can choose the products they wish to highlight in their catalogue and customize the visual aspect of their shop according to their brand image. Users can find these shops on a company's Facebook page or on its Instagram profile. With these new tools, the group is attempting an even greater foray into online commerce. It's a way to diversify for this player, which makes 90% of its revenue from advertising, a sector that is falling with the Covid-19 health crisis.

Tech crunch - 2020/05/19 - More details

As European luxury shopping capitals slowly emerge from Covid-19 lockdowns, stores are reopening but the absence of big-spending travellers, particularly from China, the Middle East and the United States, is a major drag on sales. According to the consultancy Bain, the second quarter will not be brighter as they expect global sales of high-end clothing, handbags, jewellery and cosmetics to fall between 50% and 60%.

Fashion Network - 2020/05/27 - More details

With the current covid-19 pandemic all around the globe, the future of retail as we know it is really uncertain. Luxury brands are facing news challenges and need to adapt their busines model. Augmented reality seems like the best way to reach customers new expectations and offer the best services. 

Luxuo - 2020/05/25 - More details

Latest global announcements

Standard Cognition, a company created in 2017 in San Francisco and which has developed a technology that competes with Amazon Go's automatic payment system, announced on May 19 the acquisition of Italian start-up Checkout Technologies, thereby strengthening its position in Europe. Checkout is a solution dedicated to the management of in-store shortages. Based on computer vision, its technology has been developed to detect in real time product anomalies on the shelves, such as misplaced products, and to manage stocks.

Tech crunch - 2020/05/19 - More details

Sephora and the leading cross-border e-commerce platform Tmall Global recently announced the launch of the Sephora Tmall Global Flagship Store. The store provides Chinese consumers with 600 products from 25 overseas brands, that cover make-up, skincare, fragrance and hair care products, enabling them to turn on their beauty power without national boundaries.  According to the President of Sephora Asia, the synergy of online and offline channels will allow consumers to have access to overseas brands to fulfill their emerging and evolving needs.

Retail in Asia - 2020/05/22 - More details

Meanwhile in France

After having announced at the beginning of May the holding of a digital edition of the Men's Fashion Week in Paris from July 9 to 13, the Federation of Haute Couture and Fashion unveiled this Thursday that Haute Couture will also have a week in July. This virtual event will take place from 6 to 8 July. Then Milan will take over from 14 to 17 July.

Fashion Network - 2020/05/28 - More details

"Following the general administrative closure of points of sale as of March 17, 2020, the clothing retailers that are members of the Alliance du Commerce recorded a decline of -89.8% in their activity (including Internet) in April, on a like-for-like basis,", according to a recent press release from the Alliance du Commerce. All departments were affected in the same proportions, with the exception of the children's department, where sales fell by 84.4%.

Retail Dive - 2020/05/28 - 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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