All E-Commerce & DTC articles

  • rupixen-com-Q59HmzK38eQ-unsplash
    Article

    Big business on social media: Where digital natives shop

    2021-06-21T08:40:00Z

    The plain “Buy now”-button seems to be a thing of the past. Online shopping is reducing friction, getting more intuitive, more fluid – and more social. “Social commerce” – or “social shopping” – is the fastest-growing distribution channel worldwide. Shoppable posts and stories allow brands and users to tag specific ...

  • News briefs

    Nike is the most resold brand

    2021-06-20T11:19:00Z

    According to the British energy comparison website SaveOnEnergy , Nike is “by far” the most resold brand in the world. Based on the survey carried out from June 4 to 7, it found that the brand had a “staggering” 1,160,153 listings in total across the resale sites Depop , ...

  • Article

    ​Boohoo Q1 revenues rise 32% as U.K., U.S. drive growth

    2021-06-15T16:09:00Z

    The British fast fashion online retailer Boohoo reported a jump in first-quarter revenues due to strong performances in the U.K. and U.S. as Covid-19 lockdowns persisted, favoring e-commerce. The company reaffirmed its full-year guidance. Group revenues rose by 32 percent to £486.1 million (€564.0m-$684.0m) in the three months ...

  • News briefs

    StockX probed by Italian competition authority

    2021-05-24T06:09:00Z

    Italy’s competition regulator, AGCM , is investigating StockX – the U.S.-based online market for sneakers, streetwear, collectibles and other items – over various aspects of its service, among them allegedly misleading pricing. AGCM said that it is concerned by the “total absence” during the purchasing process of the identity ...

  • Ara shoes
    Article

    Ara Shoes says Russia is currently one of the best markets in Europe

    2021-05-21T16:11:00Z

    The Russian shoe market is currently one of the best performing in Europe, where other markets have been more severely hit by the Covid-19 pandemic, Lillian Roor , sales director for Russia of the German company Ara Shoes , told the Russian publication Shoes Report . In the interview, ...

  • launchpresso-h5iazR-wljU-unsplash
    Article

    Blockchain technology: hype or helpful?

    2021-05-21T14:51:00Z

    Blockchain technology (BT) is generally associated with cryptocurrencies, but it is rapidly being adopted in other sectors to streamline bureaucracy and foster transparency. In February 2019, the Italian industry ministry announced plans to set up, jointly with the computer giant IBM , a national scheme using BT to guarantee the ...

  • amazon-logo
    Article

    Amazon doesn’t owe any taxes in Europe

    2021-05-16T16:26:00Z

    Amazon EU has won an appeal to Europe’s General Court against a 2017 ruling by the European Commission that ordered it to pay €250 million in back taxes to the government of Luxembourg, which were considered as “illegal state aid.” The Commission reacted with a plea for an international ...

  • Alibaba
    Article

    Alibaba posts quarterly loss due to anti-trust fine

    2021-05-13T17:27:00Z

    Alibaba reported an attributable net loss of 5.5 billion yuan renminbi (€710m-$836m) for the fourth quarter ended March 31, primarily due to a RMB 18.2 billion (€2.3bn-$2.8bn) anti-trust fine imposed by Chinese anti-trust regulators which charged the company of abusing its dominant market position. The fine represented about 4 ...

  • boohoo logo
    Article

    Boohoo cautious on post-pandemic trade after profit surge

    2021-05-05T16:51:00Z

    The British fast-fashion e-tailer Boohoo reported annual profits up by more than a third but warned that revenue growth will be weaker and returns will increase in the current fiscal year as the economy returns to normal after the disruption caused by the Covid-19 pandemic. Pre-tax profit for ...

  • News briefs

    LVMH launches B2B digital platform to sell deadstock

    2021-04-26T15:13:00Z

    Nona Source , a B2B digital platform specializing in the sale of deadstock at discounted prices, was launched on April 26. It was founded by Romain Brabo , Marie Galguera and Anne Prieur du Perray with the backing of the French luxury goods group LVMH . ...

  • Zalando
    Article

    ​Zalando's pre-owned service now reaches 13 countries

    2021-04-22T16:31:00Z

    On April 22, Zalando extended its service selling second-hand garments to seven additional European countries: Austria, the Czech Republic, Denmark, Finland, Ireland, Italy and Sweden. In October 2020, Zalando launched the “pre-owned” platform in six countries: Germany, Spain, Poland, France, Belgium, and the Netherlands. Torben Hansen , vice ...

  • Logo-lenzing
    Article

    Tencel launches e-commerce platform

    2021-04-21T13:43:00Z

    The Lenzing group’s Tencel textile brand has launched the Tencel eShop. This first e-commerce site from a sustainable fiber manufacturer “bridges the divide between manufacturers and the end-consumer by curating a diverse mix of apparel and home goods made of Tencel branded fibers,“ the company said. The debut ...

  • launchpresso-h5iazR-wljU-unsplash
    Article

    LVMH, Prada and Cartier launch a blockchain for luxury goods

    2021-04-20T16:27:00Z

    LVMH, Prada and Cartier , a unit of the Swiss luxury goods group Richemont , have joined forces to develop the Aura Blockchain Consortium , a global luxury blockchain. LVMH said that the collaboration “between competitors represents a single, innovative solution to shared challenges of communicating information ...

  • rupixen-com-Q59HmzK38eQ-unsplash
    Article

    Online sales exceed €100 billion in German-speaking countries

    2021-04-16T06:48:00Z

    In 2020, the outbreak of the coronavirus pandemic led revenues from e-commerce to exceed the €100 billion threshold for the first time in the German-speaking countries of Germany, Austria and Switzerland, according to BEVH , the German E-Commerce and Distance Selling Trade Association. Orders averaging €1,000 were placed by customers ...

  • YouGovlogo-1.png.imgo
    Article

    Most consumers have changed shopping habits with the pandemic

    2021-04-14T14:55:00Z

    In its latest Fast-Moving Consumer Goods ( FMCG ) Report 2021 , London-based data and analysis company YouGov surveyed more than 19,000 consumers in 17 markets worldwide to find out about their shopping behavior. The study reveals differences between the various markets, but also similarities. A 59 percent ...

  • boohoo logo
    News briefs

    ​Boohoo adds fourth UK warehouse to expand capacity

    2021-04-09T15:55:00Z

    Boohoo has acquired access to a fourth warehouse to support its expansion, increasing the British online fast-fashion retailer’s annual sales capacity to more than £4 billion (€4.62bn-$5.5bn) on aggregate. The company has signed a long-term lease on the former Arcadia distribution center site in Daventry, Northamptonshire, which was ...

  • ANWR
    Article

    ANWR makes its debut on Amazon.fr in online retail expansion

    2021-03-29T08:43:00Z

    Less than three months after its debut on Dutch platform Amazon.nl, ANWR lands on Amazon.fr, the French website of the American online retail giant, in a move to further expand its affiliated retailers’ Europe-wide online reach. As there are still no uniform regulations across Europe regarding easing restrictions ...

  • boohoo logo 2
    Article

    Boohoo drastically reduces U.K. suppliers

    2021-03-25T15:51:00Z

    The British online fast fashion retailer Boohoo has slashed its domestic supplier network to 78 firms from around 500 as it tries to rebuild its reputation after allegations of poor conditions for workers. The firm acted after an independent review found “endemic” failings at factories making its products ...

  • Amazon logo
    News briefs

    Amazon becomes top clothing retailer in U.S.

    2021-03-24T15:17:00Z

    Amazon overtook Walmart to become the top apparel and footwear retailer in the U.S. last year, as online sales jumped during the Covid-19 pandemic, according to research from the American bank Wells Fargo . The e-commerce giant’s apparel and footwear sales in the U.S. grew by about ...

  • Zalando
    Article

    Zalando lifts sales forecasts, aims for 10% of Europe’s fashion market

    2021-03-17T09:00:00Z

    Zalando has lifted its sales and profit forecasts for 2021 after reporting a 23.1 percent rise in revenues to about €7,982 million for the 12 months to Dec. 31, 2020, with increases of 17.2 percent in the German-speaking countries and 28.4 percent in the rest of Europe, where they ...