Online retail sales in France could reach 109.6 billion euros in 2020, a rise of 6% on the year as the COVID-19 pandemic boosted remote shopping, the country's e-commerce federation, Fevad, said on Tuesday.
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.
The French will spend 19 billion euros ($21.5 billion) on online purchases over Christmas and the Black Friday to Cyber Monday sales days, lifting total online retail sales to over 90 billion euros for 2018, said Fevad.