DTC & E-Commerce – Page 6
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ArticleCCC Group plans to triple sales by 2025
The Polish footwear and apparel retailer CCC Group plans to triple revenues to over 20 billion zloty (€4.2bn-$4.8bn) in 2025 largely thanks to the development of its online business and of its newly launched off-price banner HalfPrice, as well as an increased presence in apparel and accessories. The share of ...
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ArticleEmerging designer: Umòja starts delivering its plant-based sneaker
Umòja, a Franco-African startup, has began delivering its newly created plant-based sneaker. The company, which is based in Brest, France, is a hand-made sneaker brand that combines tradition, modernity, and innovation while valorizing West African textile craftsmanship. Founded in 2018, the company, whose name means “unity” and “creating a link” ...
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ArticleFarfetch’s Q3, outlook disappoint
Farfetch posted results below expectations in the third quarter and cut its full-year guidance prompting its share price to fall by nearly 14 percent on the day. The British online fashion retailer posted a 28 percent year-on-year increase in gross merchandise value (GMV) to $1.017billion. GMV generated by the digital ...
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ArticleAlibaba cuts 2022 guidance after Q2 earning, revenue miss
Alibaba cut its guidance for the full year after revenues and earnings in its second quarter ended Sept. 30 came in below expectations amid a slowdown in economic growth in China and an ongoing regulatory crackdown on tech companies in the country. Alibaba now expects revenues to grow between 20 ...
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ArticleOR Group sets up a logistics unit
OR Group, which operates the Westfalika banner, has launched a new subsidiary company to develop logistics services, which will primarily involve opening new pick-up points. The logistics company called O2 LLC will be fully owned by the group’s parent company ORG PJSC. OR Group, formerly known as Obuv Rossii, started ...
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ArticleAsos sets new long-term profit goal in bid to reassure investors
Asos has forecast an Ebit profit margin of at least 8 percent over the long-term as it aims to boost investor confidence in the wake of the abrupt exit last month of its chief executive Nick Beighton. The British online fashion retailer wants to increase its international presence, improve partner ...
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ArticleHotter sales surge as shift to digital pays off
Hotter Shoes reported a surge in first-half sales after it overhauled its channel strategy to focus on digital sales. In the first half of fiscal 2022, which ended in July, U.K. sales surged by 39 percent year-over-year to £25 million (€29.2m-$33.8m). The British footwear company posted earnings before interest, tax, ...
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ArticleZalando’s Q3 profits slump in price-cutting war
Zalando reported a slump in third-quarter profits after cutting prices in response to promotions made at physical stores after Covid lockdowns were completely lifted in Germany and other key markets. While sales rose by 23 percent to €2.3 billion as compared to a year ago, adjusted operating earnings (Ebit) for ...
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ArticleItalian luxury sector expects a rebound in U.S., European sales
Italian luxury firms are currently focusing on the Asia Pacific region but they expect a sales rebound in key markets such as Europe and the U.S. following the slump caused by the Covid-19 pandemic. An omnichannel strategy will remain a key driver to reap the benefits of the expected growth, ...
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ArticleEmerging designer: Marcus Alexander launches on Stitch Fix
On Oct. 8, rising shoe designer Marcus Thomas, CEO & Creative Director of Marcus Alexander, saw four of his sneaker designs launch on Stitch Fix, the U.S.-based online personalized shopping site, which is also available in the U.K. U.S.-born Marcus Thomas, along with five other entrepreneurs in fashion, is the ...
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ArticleZalando more than triples its fleet of Magazino robots
Zalando has ordered 20 order picking robots specifically designed for the footwear industry from the German start-up Magazino. Zalando, which has invested in Magazino, initially bought two of the robots called Toru in 2018, before increasing the fleet by an additional six in 2019. Once the latest robots are fully ...
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ArticleAsos CEO quits as rising costs lead to profits warning
The chief executive of Asos, Nick Beighton, is departing the British online fashion retailer in a shock move as the company issued a profits warning, citing supply chain issues and rising costs. Asos is facing “notable cost headwinds” including inbound freight fees, wage inflation, outbound delivery costs and Brexit duty. ...
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ArticleSpartoo H1 sales up by 19%
The French footwear and fashion e-retailer Spartoo posted a 19 percent year-on-year increase in gross merchandise value (GMV) to €106.0 million during the first half of 2021 driven by the expansion of its fashion item offering and a 46 percent rise in its third-party services offering. Boris Saragaglia, the company’s ...
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ArticleBoohoo lowers sales guidance as higher costs squeeze H1 profits, margins
The British fast-fashion retailer Boohoo has warned of slowing sales growth and a squeeze on profit margins from higher costs as interim profits fell by a fifth. Adjusted pre-tax profit for the six months to Aug. 31 fell to £63.8 million (€74.3m-$86m) from £79.4 million a year earlier as revenues ...
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ArticleCCC continues to expand its digital offer
The Polish footwear company CCC has appointed Adam Marciniak as vice president responsible for technology and digitization, which also includes e-commerce. Marciniak has worked for various banks in Poland for the past 20 years. “Our company has undergone an enormous change in the field of new technologies and digitization in ...
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ArticleMatching site for Italian artisans grows with Covid-19
Established in 2015 to provide an online bridge between international brands seeking the artisanal skills unique to the Italian manufacturing fabric, and those very craftsmen who were looking to expand their reach but were too small to go out and find these clients, Italian Artisan has really come into its ...
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ArticleHotter Shoes in online partnership with John Lewis
From October, Hotter Shoes, a British brand of comfort footwear, will start selling its products via the online platform of the British department store group John Lewis. The move is part of Hotter’s strategy to reach more consumers within its core demographic of over 55 years old and it will ...
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ArticleHotter’s parent to diversify into apparel and wellness brands
Electra Private Equity, the parent company of the British brand of comfort footwear Hotter Shoes, will undergo a radical transformation that will result in it expanding its offering beyond footwear to include apparel and wellness brands as well as complementary third-party labels. The company will be targeting consumers aged over ...
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Wildberries’s H1 sales rise by 70%
In the first half, the sales of Russia’s largest online retailer, Wildberries, jumped by 70 percent year-over-year, reaching 303 billion rubles (€3.5bn-$4.04bn). In volume, sales were up by 82 percent. The fashion segment rose by 39 percent year-on-year to 135.8 billion rubles (€1.57bn-$1.84bn). In the sole second quarter, revenues ...
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ArticleObuv Rossii enters kids market with Universal Studios license
Obuv Rossii Manufacture, which is part of Russia’s OR Group , has obtained a license from Universal Studios to produce and sell footwear under the brands Minions , Jurassic World , Trolls , and Spirit in Russia and other members of the Commonwealth of Independent States for ...
