Today in retail, Carrefour is making good on its digital expansion promise, while reCommerce is emerging for several reasons. Plus, Dolce & Gabbana is bringing its beauty division in-house.
Initiatives Advance French Retailer Carrefour’s Billion-Dollar Digital Expansion Strategy
French retail giant Carrefour launched several digital initiatives across its European markets, making good on its recent pledge to increase digital investments by about 50% — 3 billion euros (about $3.5 billion) — between 2022 and 2026.
One of the projects is Brut Shop, a joint company dedicated to social commerce market or live shopping, in partnership with European digital media company Brut, which has 70 million users and 450 million viewers across 100 countries.
Through the Brut Shop, 60% of Carrefour customers who say they are interested in live shopping will have access to what the retailer calls “a unique and responsible website” to make their online purchases, while participating in livestream video events on social networks.
Auto Retailers Tap Tech to Cut Risk of Finding, Buying Used Cars in Unfamiliar Places
The average price of secondhand vehicles has risen 42% over the past two years and is now close to $30,000, according to a recent report from industry pricing platform Kelley Blue Book.
Digitally based auto retailers including CarMax or Carvana as well as efforts from manufacturers — including General Motors’ new CarBravo unit launched last month — mean the way we shop for cars and purchase them isn’t expected to revert to pre-pandemic ways.
Cox Automotive said its data science team has developed and launched what it calls “the industry’s first multichannel inventory sourcing system,” which allows dealers to go beyond auctions and trade-ins for inventory.
Dolce & Gabbana to Manage Wholesale Beauty Business in-House
Dolce & Gabbana is launching a beauty division as part of its plan to bring the company’s 30-year-old, $544 million wholesale beauty business in-house and diversify its revenue beyond fashion, the Financial Times reported Monday (Feb. 7).
D&G’s beauty division will take over development, manufacturing and distribution of its fragrance and makeup products from Japanese cosmetics company Shiseido as part of the restructuring after their agreement expired in December.
Gianluca Toniolo, the new operating chief executive of Dolce & Gabbana Beauty and former managing director of global travel retail at LVMH, told FT his company is the first Italian fashion brand to bring its beauty products under the same roof as its clothing.
Hasbro’s Digital Gaming Segment Leads Toymaker’s Q4 Results
The Wizards of the Coast and Digital Gaming segment of play and entertainment company Hasbro Inc. made significant gains in 2021, even as COVID-19 restrictions were lifted. Wizards of the Coast and digital gaming revenues were up 42% for 2021, part of an overall 17% jump in net revenues for the company up to $6.42 billion, the company reported Monday (Feb. 7).
Hasbro’s entertainment segment was up 27%, in 2021 while revenue for Hasbro’s consumer products segment was up 9%. In the fourth quarter of 2021, Hasbro’s net revenues were up 17% to $2.01 billion, while the entertainment segment of the business jumped 54% for the final three months of the year.
From Gore-Tex to Gamers, New Categories, Locations Driving Growth of reCommerce
Renting your ski outfits can make a lot of sense, both financially, logistically and environmentally. After all, people have been renting skis, poles, bindings and more, so why not do the same for the outfits you’ll wear on the slopes too?
That’s the thinking behind the expansion of “Outerwear on Demand,” an apparel rental program from fabric-maker Gore-Tex that is now available at 15 resort and retail locations in North America, with plans to add more reCommerce opportunities in the future. Gore-Tex said the program marks “the next step in making it easier to enjoy outdoor winter sports.”
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