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
Latest global announcements
Google continues its investiments in e-commerce, but this time to enhance local physical businesses. The American firm announces, on January 14, 2020, the acquisition of Pointy. This Irish start-up offers small traders to display their stock of items available in stores in the search engine results. The companies did not disclose the financial terms of the agreement but, according to TechCrunch, the transaction amount is 147 million euros.
TechCrunch - 2020/01/14 - More details
In August 2018, Walmart presented a robot called "Alphabot", designed to bring products to employees in its warehouses. The American giant affirms in a press release published on January 8, 2020 that its device is from now on operational. Concretely, robotic trolleys move on rails between the shelves and collect products thanks to a support infrastructure of several floors. Once filled, they deliver their content to one of the four collection points in the warehouse. Employees then assemble the packages for delivery. Thus, the employees of the drive save time because they no longer have to survey the shelves in search of the different items ordered.
Engadget - 2020/01/10 - More details
As every year, National Retail Federation's Big Show 2020 took place in New York early January. An opportunity to share the most important retail trends of the next decade with a focus on technology and human. A few highlights of this fair : frictionless customer journey is always trendy with a strong focus on the check-out, unified stocks and a smooth omnichannel return process ; technology is now used to go with the customers during their shopping trip (thanks to GPS system) and trigger specific deals based on customer position as well as empower store staff with more customer data. Retailers have to be aware of the changes in customer behaviour as well, specially millenials one, regarding the sustainable trend.
Drapers - 2020/01/17 - More details
Hermès had announced last year they would launch a makeup and skincare line in 2020. They revealed a few days ago what their Rouge Hermès lipstick line would look like. Even though, the makeup market seems to be saturated in front of the blossoming of brands, Hermès is confident about the success of their line, as they count on the prestige of the brand and the quality of their products. Rouge Hermès lipstick will be released in March and should be the first line of many other lines of makeup. No further announcement was made concerning the delivery dates as the company reminded they would develop "at our own pace" not to tourment creativity.
Wall Street Journal - 2020/01/16 - More details
Every year, in January, Brand Finance releases its ranking of the 500 most valued brands. No big surprise in 2020, Amazon is first, followed by Google and Apple. The top ten is mainly American and Chinese, except for the South Korean Samsung. The report also highlights the progression of the Retail sector which is the third most-valued after Techs and Banking.
Brand Finance - 2020/01/22 - More details
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