LVMH’s tech incubator has welcomed its third cohort of companies at start-up campus Station F in Paris. Among them, OneStock, a provider of inventory-harmonisation software solutions for brands and retail chains.
Four weeks of anti-government protests that have hit French brick-and-mortar retailers are also taking their toll on online peers during the crucial Christmas shopping season, said France's e-commerce federation, Fevad.
Online retail sales in France rose 13% to 22.3 billion euros ($26.10 billion) in the first quarter, said the French E-Commerce Federation, highlighting growth in a sector that has seen Amazon and others make in-roads.
French shoppers plan on average to spend more on online sales this Christmas compared to a year ago, the country’s Commerce Federation (Fevad) said, marking the latest sign of a gradual improvement in the economy.