RITUALS, AI, ESSILOR AND MORE...

The power of the mind from every angle... From Rituals' Mind Oasis spa to AI's coexistence with human expertise, or from Transformation of cosmetics into SminkArt Pens, we dive into the diverse facets of an industry constantly evolving with a mindful touch. 

1. RITUALS ELEVATES PARISIAN RETAIL WITH A MIND OASIS

Set to grace the iconic avenue des Champs-Élysées on October 12, Rituals introduces the first French branch of its pioneering Mind Oasis mental relaxation spa. The ground floor boasts an expansive 200 sq.m. retail paradise, artfully presenting Rituals' holistic skincare and wellness range. Ascend to the first floor and discover an oasis with 'zero gravity' relaxation cabins and transformative hydromassage experiences. Beyond the mere aesthetics, the space masterfully intertwines the promise of deep relaxation and the finesse of retail brilliance. An inspiring blueprint.
Rituals first opened in France in 2015, and will be operating 130 stores in the country by the end of 2023.

Read more on Fashion Network 

2. AI: RETAIL REVOLUTION OR JOB ELIMINATION?

Despite initial predictions that AI and big data analytics would eliminate many human jobs, the reality in Korea has been more complex and nuanced. Korea Joongang Daily deciphers this phenomenon through various examples: Hyundai Department Store's AI, Louis, crafts ad slogans in mere seconds, reshaping marketing dynamics. Elsewhere, Shinsegae introduces AI-driven, checkout-free shopping, emphasizing consumer privacy. Meanwhile, Coupang employs sorting robots for efficient logistics. As AI embeds itself in the retail sector, it complements, rather than replaces, human expertise.

Read more on KOREA JOON GANG DAILY

3. ESSILORLUXOTTICA'S TOP PRIORITIES: NEW BRANDS, ENGAGEMENT AND INNOVATION

EssilorLuxottica Global Travel Retail Director, Alessio Crivelli, delves into the dynamic world of eyewear, shedding light on the surging demand for luxury and innovation. EssilorLuxottica's commitment to curate an unforgettable eyewear shopping experience is evident, with a catwalk-style entrance forging a link between the brand and fashion houses. Crivelli emphasized, "Luxury is a big trend," and with an array of brands in their arsenal, they're ready to deliver. The Cannes TFWA showcase underscores their dedication to luxury, innovation, and creating immersive travel retail experiences. Notably, Ray-Ban Meta smart glasses and Swarovski's premium eyewear collection take center stage. Crivelli views travel retail as a global platform to engage with customers and unveil exciting trends, urging brands and retailers to blend entertainment, sustainability, and innovation.

In Crivelli's parting words, he encourages the industry to believe in the resilience of the sunglasses category, promising collaboration and growth on the horizon.

Read more on Moodie Davitt Report

4. Q3: HERMES RISE VS. KERING'S CHALLENGES

Hermès and Kering, leaders in the luxury fashion industry, have reported their Q3 results. Hermès achieved remarkable growth, with consolidated revenue reaching €10.063 billion ($10.72 billion) by September 2023, up 22% at constant exchange rates. Their Perfume and Beauty sector saw an 8% increase, driven by successful launches.

In contrast, Kering faced challenges, with a 9% sales decline in Q3. Gucci, its flagship brand, experienced a 7% revenue drop. Kering remains focused on Gucci's rejuvenation and potential for further mergers and acquisitions.

These results reflect the dynamic nature of the luxury market, with Hermès thriving and Kering navigating transformation in pursuit of success.

Read more on Vogue Business

A COLORFUL AND ECO-CONSCIOUS FUTURE?

In a visionary partnership, Kao and Kosé are breathing new life into discarded cosmetics by transforming them into water-based ballpoint pens called "SminkArt Pens." These pens, born from surplus pigments and dyes, aim to make their debut in 2024 at various events. The collaboration between these industry leaders extends their commitment to sustainability, with plans for educational activities centered around the SminkArt Pen. This initiative is the latest step in their journey to revolutionize cosmetics sustainability, following their previous efforts in recycling plastic bottles and repurposing cosmetics into paint.

Read more on Chaileedo

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