All E-Commerce & DTC articles – Page 10
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News briefs
Amazon to close 3 U.K. warehouses
Amazon plans to shut down three warehouses in the U.K. as part of a restructuring of its logistics business in the country. The closure of the warehouses located in Hemel Hampstead, Doncaster and Gourock will impact 1,200 jobs, but people will be given the possibility to transfer to other units. ...
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Meta not allowed to use personal data for advertising
Facebook owner Meta will no longer be allowed to use the personal data of its users in Europe for advertising personalization without being asked. This was the decision of the responsible Irish data protection authority DPC. At the same time, the authority imposed a fine of €390 million. According to ...
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Re:store acquires fashion and lifestyle marketplace Trouva
Trouva, a London-based online marketplace focused on showcasing independent boutiques and brands focused on homewares, fashion and lifestyle, has been acquired by Cambridge-based startup Re:store from its previous owner, the clothing brand Next. Terms of the deal were not disclosed. In its press release, Trouva states that Re:store’s goal with ...
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Amazon to lay off 18,000 people
Amazon will lay off over 18,000 employees, with the majority focused on Amazon Stores and the People, Experience, and Technology (PXT) organizations, announced Andy Jassy, the company’s CEO. The U.S. online retailer plans to start talking to employees or representative bodies from Jan. 18. “Amazon has weathered uncertain and difficult ...
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ArticleEU court rules that Amazon may be liable for sale of counterfeit Louboutin shoes
Amazon has been dealt a blow after the Court of Justice of the European Union (CJEU) ruled that the U.S. online retailer may be liable for alleged intellectual property breaches by advertising counterfeit Louboutin shoes on its store. Two lower courts in Luxembourg and Belgium had referred a case ...
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Spartoo’s TooPost gains nearly 50 clients in 2022
Spartoo said that its TooPost service has gained nearly 50 clients in 2022. The service now has more than 165 e-merchants as customers. TooPost, which offers an end-to-end transport service, delivers more than 4 million packages every year, at least 98 percent of which are delivered within the specified time, ...
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Musk to step down as Twitter CEO when successor found
Elon Musk said he would step down as chief executive of the social media platform Twitter once he has found a replacement. The announcement follows a poll Musk launched on the platform that showed that users wanted him to resign. Musk has owned Twitter since Oct. 27 and has been ...
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ArticleAmazon, EU reach deal to end antitrust investigation
The European Commission said it has made commitments offered by Amazon legally binding under European Union antitrust rules, allowing to resolve competition concerns over the U.S. online retailer’s use of non-public marketplace seller data and possible bias in granting sellers access to its Buy Box and Prime program. In July ...
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Shein looks at becoming an online marketplace
Shein, one of the world’s largest online fashion retailers, is looking at becoming an online marketplace, according to The Wall Street Journal citing a memo to investors. The move would likely mean Shein becomes a direct competitor for existing e-commerce sites such as Alibaba, AliExpress and Amazon Marketplace, expanding beyond ...
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Saysh expands delivery service to Canada
Saysh, a U.S. community-focused lifestyle brand for women founded in the summer of 2021 by Olympian Allyson Felix and her brother Wes Felix, has expanded its delivery service to all Canadian provinces. Saysh, which can be found in select wholesale doors across North America, noted that the launch of its ...
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DX opens a warehouse in Plymouth
DX, a British provider of delivery solutions, including parcel freight and logistics services, announced the opening of a new depot in Plymouth, England, the fourth of eight depots currently expected to be opened by summer 2023. The new depot will be predominantly dedicated to the parcels activity, supporting growth of ...
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Farfetch sees 2025 GMV at $10.5bn
Farfetch expects its gross merchandise value (GMV) to rise to $10.50 billion from an estimated $4.05 billion in 2022 and a forecast $4.90 billion in 2023. The U.K. based fashion online retailer anticipates adjusted Ebitda margin to rise to 10 percent in 2025 from a negative 3-5 percent this year ...
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Alibaba launches new marketplace in Spain
Chinese e-commerce giant Alibaba launched a new marketplace called Miravia in Spain on Dec. 1. It connects brands and content creators with consumers. The platform offers fashion, beauty, food and lifestyle products. Earlier this year, Alibaba expanded its existing online marketplace Lazada to Europe, now Miravia was launched in addition. ...
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Boohoo enters the Indian market with Myntra
Boohoo is entering the Indian market through a partnership with the e-commerce platform Myntra. The British fast fashion group is launching the brands Boohoo, Dorothy Perkins and Nasty Gal on the Indian platform. The three brands will offer over 1,500 styles cross categories such as dresses, tops, bottoms and footwear. ...
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Newly launched SneakerCycle has over 33,000 pairs in stock
The recently launched U.S. resale platform SneakerCycle has more than 33,000 pairs in inventory. The average selling price of its shoes is $45. The business was created by Steven Salstein and Eric Mesa and has a 40,000 square foot warehouse in Miami. The two partners previously created GotSneakers which collects ...
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ArticleOR Group nears bankruptcy
The Russian banks Sberbank and VTB Bank have joined bankruptcy proceedings against OR Group, the Russian arbitration courts database showed. Alongside Promsvyazbank, Sberbank and VTB Bank are the largest creditors of OR Group, formerly known as Obuv Rossii, which has been experiencing financial difficulties since the beginning of 2022. On ...
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U.S. footwear site traffic flat during Black Friday
In the U.S., footwear retailers experienced flat site traffic during Black Friday compared with the Black Friday of 2021. For all retailers surveyed, traffic grew 11 percent, according to Bluecore, a retail marketing platform. The total number orders fell by 8 percent year-over-year for footwear retailers but increased by 5 ...
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ArticleCCC targets cost savings, cuts revenue forecast in a difficult market
CCC Group, the Polish footwear and fashion group, cut its full-year outlook for revenues and capital expenditures and announced it would put into place cost savings measures totaling 300 million zloty (€64.0 million) as it continues to navigate through what it described as an “extremely challenging” year for retailers. Due ...
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Deckers is the winner of Black Friday in the U.S. according to a broker
Deckers Brands, the parent company of the Ugg brand, was named the clearest winner of the Black Friday week in the U.S. by the footwear and apparel team at Wedbush Securities. Ugg was one of the only brands tracked by Wedbush that was less promotional during the week in the ...
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ArticleBoohoo embroiled in another scandal on alleged working conditions
Boohoo has found itself embroiled in yet another scandal over alleged working practices after an undercover newspaper investigation. The London-based newspaper The Times placed a reporter in Boohoo’s warehouse in Burnley, north-west England, for a month, where staff described themselves as “slaves” and walked the equivalent of a half marathon ...
