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: Flore Gradassi, Léa Korenian, Suzanne Verdier - Consultants in Retail / CPG / Luxury
Hottest news in the sector
Located on Avenue Montaigne, the store that was the cradle of the brand, has reopened its doors to the public since Wednesday, after thirty months of renovation work. For the CEO Pietro Beccari "It's not just a store. It's the world of Dior." In addition to the fashion and accessories boutique, there is a Haute Couture salon, a Dior patisserie and a Dior restaurant, which offers the menu of Mr. Dior's recipes. 13 rooms tell the story of the house, Monsieur Dior and his six successors. The main innovations are the digital technologies that allow to pay on the cell phone or to know in real time what is tried on in the fitting room. It is also the first store to offer tax-free shopping on site.
Fashion Network - 2022/03/23 - More details
Prada Group's green transition also applies to its buildings, with a record number of LEED certifications related to the sustainability of its retail outlets. Leadership in Energy and
Environmental Design" is one of the most widely used green building rating systems in the world. Its role is to study the impact related to the design, construction and operation of physical spaces by tracking performance such as energy and water use, waste production and transportation issues. This indicator also includes the human factor. Last year, the Prada group obtained 80 LEED V4.1 certifications worldwide, mainly for its
around the world, mainly for its Prada stores. This series of certifications places Prada as a leader in its category.
The ready-to-drink coffee market has jumped by nearly 50% in two years. The offer, boosted by major brands such as Starbucks or Coca-Cola, is also diversifying with the entry of small players. In the United States, coffee is no longer just a hot beverage. Supermarkets have made room on their shelves for coffee in cans and bottles since it has started competing with the soft drink market. According to NielsenIQ, ready-to-drink coffee created a $3.22 billion revenue in the U.S. last year. This market has grown by 47 percent in two years. Nestlé, which produces and distributes Starbucks products outside of its coffee shops, has boosted its sales by 50% in three years.
Les Echos - 2022/03/29 - More details
Latest global announcements
Auchan has very strong positions in Russia/Ukraine: third in the food distribution market in Ukraine and in the top 5 in Russia. The group justifies its presence in Russia by the food needs of the population despite the war. Interesting to note: the group has intensified the supply of local products since the embargo on Western food products in 2014 following the annexation of Crimea. Suffering from a weak positioning to online shopping and declining results, Auchan has entered into a partnership with Sbermarket in 2021, a local e-commerce leader, hence increasing sales.
Leroy Merlin does not wish to comment on its decision to continue working in the country. The economic stakes for the group are indeed important : Russia is their second largest market. In 2021, the group achieved 5 billion euros in sales in Russia (compared to 7.9 billion in sales in France), with 113 stores and 45,000 employees and now has less than 50% of its supplies from local Russian producers.
Le Monde - 2022/03/17 - More details
Inditex has based its DNA and the success of its model on fast fashion : it is the story of how a workshop of blouses and shirts in Galicia has become a ready-to-wear giant, thanks to a perfectly organized logistics, with shelves changing every three weeks. Present in 96 countries with 6,657 stores for Zara and its other brands (Pull & Bear, Bershka, Stradivarius etc.), it has also managed to develop strongly e-commerce.
Marta Ortega will become President of Inditex, the group founded by her father Amancio Ortega in early April with one major concern: dealing with carbon impact and sustainability. She wishes to change the group image: more commited, with the use of recycled materials, reducing water consumption, using products less harmful to the environment. Marta Ortega hence states that customers will no longer go to Zara only for cheap versions of designers clothes.
Les Echos - 2022/03/17 - More details