All E-Commerce & DTC articles
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News briefs
German online footwear sales stabilize in the first quarter
Online clothing sales in Germany fell slightly in the first quarter of 2024, but footwear logged a small increase, a survey from the Federal association of e-commerce and mail order trade, BEVH, showed. While online sales of clothes dropped by 1.2 percent to €3.286 billion in the first quarter ...
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ArticleAsos’ losses widen but excess stock cuts ahead of target
Asos’ half-year losses widened as the British online fast-fashion retailer continued to deal with competition from its Chinese rival Shein, but it was ahead of target on shifting the mountain of excess stock built up during the Covid-19 pandemic. The company reported an adjusted loss before tax of £120 million ...
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P.F. Flyers partners with Revolve.com
P.F. Flyers, an American lifestyle shoe brand, is partnering with the fashion retailer Revolve in what it qualified as a “significant step” in its expansion beyond direct-to-consumer into wholesale distribution. With the partnership, P.F. Flyers’ Desert Adventure collection is sold exclusively on revolve.com since April 8. P.F. Flyers will also ...
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ArticleHow Fibbl aims to reduce returns, increase conversion rates with 3D models, AR technology
The Stockholm-based startup Fibbl states that its photorealistic 3D models and augmented reality technology for e-commerce can help footwear brands using its services tackle problems with high returns while also increasing conversion rates. Founded in 2021 by Henrik Arlestig and Johan Bertilsson, two childhood friends with over a decade of ...
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ArticleTamaris plans to expand its Russian store network
By the end of 2024, Wortmann plans to add 15 doors to its existing network of 60 Tamaris stores in Russia and take several other steps to gain a better foothold in the country. Friedrich Naumann, CEO of Wortmann Vostok, said that the brand intends to open new stores ...
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ArticleC-Suite interview: Palmroth plans to double its sales in three years
Palmroth is a family-owned footwear company based in Tampere, Finland, whose history dates back to 1928. Largely centered on winter shoes, the brand aims to double its sales volumes within the next three years. Run by Mikko Palmroth, who represents the third generation at the helm, the company sells annually ...
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ArticleAsos’ sales plunge 18% in the first half but guidance maintained
Asos reported a sharp fall in sales for the first half of its fiscal year due to slowing demand and large discounts to clear excess stock, but the British online fashion retailer insisted that its turnaround plan was on track and maintained annual guidance. Sales plunged by 18 percent in ...
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ArticleSpartoo posts a positive free cash flow
Spartoo booked a positive free cash flow of €0.7 million in 2023, compared with a negative €23.6 million in 2022, due to a reduction in working capital, thanks to a decrease in inventories, as well as a drop in investments to €1.3 million from €2.9 million. The group’s inventory fell ...
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ArticleZalando aims to resume growth and cover 15% of the European fashion market
Zalando posted lower sales in 2023 but expects to at least stabilize revenues this year and resume growth from 2025. The German online fashion group also outlined its long-term plans to cover 15 percent of the European fashion market. In 2023, the gross merchandise volume (GMV) decreased by 1.1 percent ...
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ArticleHow returns can be an opportunity to boost sales
Returns represent a significant cost for online retailers and a scourge for the environment. In the US alone, e-commerce customers returned 17 percent of goods for a total value of $816 billion (€754bn) in 2022, according to the National Retail Federation. The figure is even higher in the EU, where ...
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News briefs
Matches placed into administration
Frasers Group said that the loss-making online luxury clothing and accessories platform Matches has gone into administration. Since Frasers bought Matches in December 2023 “the business has consistently missed its business plan targets and, notwithstanding support from the group, has continued to make material losses. Whilst Matches’ management team has ...
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News briefs
JD Worldwide opens a warehouse in Paris
JD Worldwide has announced plans to open its first warehouse for fashion goods in Paris. This initiative is key in fulfilling the company’s cross-border e-commerce strategy, aiming to bring more European brands into the Chinese market by offering efficient solutions. The warehouse will be located in Val-d’Oise, on the outskirts ...
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News briefs
Footway secures a debt settlement
Footway Group’s restructuring plan has been approved, resulting in a debt settlement where the e-commerce company will pay approximately 70 million Swedish kronor (€6.17m) to its creditors in mid-March. The decision had broad support among creditors and Footway expects to exit the restructuring program in mid-February. According to the company, ...
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Zalando launches a new space for designer brands
Zalando has established a new ”luxury boutique-style” space for designer brands and has teamed up with the British-Japanese musician and actor, Rina Sawayama, as the new ambassador for the designer and luxury fashion offering in 2024. For designer brand partners, the service ”offers an opportunity to narrate their story, unveil ...
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Frasers Group hikes stake in Boohoo to 21.49% vs 17.22%
Frasers Group has increased its stake in the online fashion retailer Boohoo to 21.49 percent from 17.22 percent, according to a stock exchange filing. The British retailer has been building up a stake in Boohoo over the past months. It previously said that it saw “potential synergies and an opportunity ...
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ArticleArklyz to buy Lloyd Shoes from Ara
Arklyz AG, based in Stans, Switzerland, has signed a definitive agreement to buy the German brand Lloyd Shoes, along with all its operating subsidiaries, from Ara. The buyer plans to provide support and resources to grow Lloyd’s wholesale, omnichannel and international business. The transaction is expected to close in the ...
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ArticleNeroGiardini is expanding in South Korea, Japan and the U.S.
After recently entering the Japanese and Korean markets, NeroGiardini, an Italian brand located in Italy’s Marche region, is now expanding in the U.S. The internationalization policy pursued by Alessandro Bracalente, the managing director and son of the founder Enrico Bracalente, aims to boost sales in the U.S., which is the ...
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News briefs
Christmas shopping fails to boost online sales in Germany
Online Christmas sales again failed to bring a holiday cheer to German retailers, despite strong sales during the ‘Black Week’. Total online retail sales in the country in the run-up to Christmas, from the beginning of October to the end of November, were down by 7.7 percent, unadjusted for inflation, ...
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LuisaViaRoma buys Holding IT
The Florence-based online multibrand retailer LuisaViaRoma has acquired Holding IT, the owner of Playground, a retailer of luxury sportswear stores operating under the banner Soft, and of FFW, a creator and manager of e-commerce sites for fashion brands. The combined group had sales of nearly €400 million in 2023 and ...
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News briefs
LaShoe ceases operations
The German online shoe retailer LaShoe, which specializes in women’s shoes for hallux valgus - a misalignment of the big toe - and sensitive feet, will cease operations at the end of 2023. The Düsseldorf-based company, a subsidiary of the Walbusch Group, failed to sufficiently grow its customer base ...
