Between luxury shops, department stores, concept stores and outlets, Paris Region is a popular shopping destination for foreign and French tourists alike. While Paris remains a world capital of retail, the pandemic accelerated the pre-crisis trend of digitalization and boosted e-commerce, with brands and retailers on the lookout for innovative solutions.
Expert
Daphné Lora
Creative Industries & EdTechExpert
Paris Region, World Capital of Shopping
As an international capital of fashion and creation, Paris is naturally the number one luxury shopping destination in the world. 60% of the 50M+ annual tourists attracted to the Region cite shopping as the main reason for their stay.
Shoppers can choose from a variety of locations as Paris Region counts 223 shopping centers - including 3 of Europe’s Top 10 (Westfield Les Quatre Temps, the Westfield Forum des Halles, Creteil Soleil) - and 16 major department stores (Galeries Lafayette, Printemps, Le Bon Marché, BHV Marais...). The city of Paris itself counts 14 retail businesses per 1,000 inhabitants (excluding restaurants).
Paris has been experiencing a retail revival since 2017 with brands offering new, smaller, more digital, more service-oriented and experiential retail formats. While we have seen the emergence of trendy concept stores such as merci, nous and Le66, mass-market retailers have been transforming and developing their activities around five main areas: flagships, such as Nike’s House of Innovation on the Champs-Elysees, which opened in 2020), home & decoration, with Ikea planning to open its second city-center location in Spring 2021, specialized food, with the opening of the first Eataly Paris in 2019, proximity with supermarket chains offering “pedestrian drive” in residential areas, and fashion, beauty and sport as the fashion brand Anthropology opened its first store in Paris in 2019.
The Rise of E-Commerce and RetailTech
France is the 2nd largest e-commerce market in Europe with 40 million French people making purchases on the internet (for Q1 2020 according to the Federation of e-commerce and Distance Selling). 76.3% of Paris Region internet users are e-buyers. The 200,650 active merchant websites in France are led by Amazon, Fnac, Cdiscount, Veepee and E.Leclerc.
E-commerce represents 9.8% of retail commerce in France. The market share of e-commerce has been increasing by around 0.7% a year. This growth, due to the development of online sales by retail chains, is boosted by the pandemic. The 2020 lockdown has elevated digital channels as a must-have for retailers and brands.
The RetailTech and e-commerce ecosystem is rapidly growing in Paris Region with numerous startups covering all the value chain from store traffic acquisition to in-store user experience and after sales. This includes the unicorn Contentsquare for digital analytics, the product management platform Alkemics, the customer experience optimization company AB Tasty, and the logistic solution Cubyn.
Clusters, Incubators and Accelerators to Support Your Growth in Paris Region
PICOM by Cap Digital is an innovation cluster focused on retail in France. PICOM brings together major retailers, technology companies, higher education institutions and research organizations. Learn More.
FEVAD, the Federation of e-commerce and Distance Selling is a professional organization federating e-commerce and online sales companies. Learn More.
La Maison des Startups LVMH, located in Station F, accelerates collaborations between startups and the 70+ Maisons of the group. Since 2016, LVMH has been partnering with Vivatech, the largest European tech and open innovation event, for its LVMH Innovation Award. Learn More.
Lafayette Plug & Play is a joint initiative by Galeries Lafayette and Plug and Play Tech Center. It facilitates a collaboration between retailers and startups across the entire retail value-chain. Learn More.
Veepee Impulse is the innovation platform of Veepee, the French online retailer that pioneered the model of online flash sales. It focuses on solutions reinventing online shopping. Learn More.
LookForward, the incubator of the French online fashion retailer Showroomprive.com, targets start-ups willing to transform our ways to producing, distributing and to consuming fashion and beauty. Learn More.
Platform A is the accelerator program led by Adidas at Station F. It offers a track dedicated to retail and e-commerce in addition to its campus track spotlighting innovation based on Sports tech and sustainability. Learn More.
Le D3 by Paris&Co, the economic development and innovation agency of Paris, focused on the omnichannel experience. Learn More.
CRI – Connected Retail Incubator by POPAI France is a structure designed for start-ups specializing in connected systems for retail, distribution, and the digital evolution of Point of Sale Marketing. Learn More.
URWLab is Unibail-Rodamco-Westfield's lab for innovation. It facilitates the adoption of innovative ideas in Unibail-Rodamco-Westfield shopping centers across Europe. Learn More.
Havas Startup Accelerator, located in Station F, has a special focus on Martech and Adtech, but is also looking for startups in the Media, Entertainment, and e-commerce space. Learn More.
Retail & E-Commerce Events in Paris Region
Paris Retail Week, Paris, September - The European global event for Retail professionals in IT for commerce, Logistics, Marketing, RetailTech and Payment solutions. Learn More.
New Shopping Experience, Paris, November, every 2 years – B2B event for business professionals facilitating the meeting of major retailers, small businesses, SMEs and research centers. Organized by PICOM by Cap Digital, the Retail Cluster. Learn More.
Marketing at Retail, Paris, March – a POPAI France event for manufacturers, designers, agencies, RetailTech players, professional associations. Includes POPAI Awards Paris contest. Learn More.
Retmo, Paris, April - The conference dedicated to Retail, Mobile and Innovation. Learn More.
