All E-Commerce & DTC articles – Page 10
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ArticleBoohoo to source closer to U.K. as profits fall
Boohoo reported plunging annual profits as it was hit by Covid-19-related costs and surging return rates. In an effort to optimize its operations, the British online fashion retailer plans to increase sourcing from suppliers closer to the U.K., reduce inventory levels and cut costs. It will also focus resources and ...
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News briefs
Gucci to accept cryptocurrency payments
Gucci will begin to accept payments in cryptocurrencies in a selection of its U.S. stores at the end of May. The Italian fashion house owned by the French luxury goods conglomerate Kering will initially allow payments for purchases in cryptocurrencies in the following stores: Gucci Wooster in New York, Rodeo ...
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News briefs
EU further criticizes Apple over use of Apple Pay
The European Commission has informed Apple of its preliminary view that the U.S. technology group has abused its dominant position in markets for mobile wallets on iOS devices. By limiting access to a standard technology used for contactless payments with mobile devices in stores, Apple has restricted competition in the ...
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ArticleUin enters a collaboration with London’s National Gallery
Uin started a collaboration with London’s National Gallery to renew the brand’s shoes using designs inspired by masterpieces housed in the museum. The deal for the Spanish brand to acquire the creative rights, excluding China, for the new “A Timeless Journey” collaborative collection that features art pieces by era-defining impressionist ...
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ArticleTHG sees FY Ebitda margin in line with 2021
In 2021, THG, also known as the The Hut Group, suffered a decline in its gross operating margins due to adverse foreign exchange movements, investments, increasing raw material costs and freight costs which saw a marked acceleration in the second half of the year. The British online retailer expects this ...
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News briefsMerrell launches beta version of shoe advisor app
Verifyt, a product of Boston-based company NetVirta, a developer of smartphone 3D body scanning technologies, is the fit-scanning technology used in the beta version of Merrell’s new Merrell Shoe Advisor mobile app, the industry’s first consumer app designed to ensure an accurate, personalized shoe fitting recommendation. Verifyt is said by ...
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News briefs
Velasca sales up by 80% in Q1
Velasca, the Italian footwear company launched in 2013, increased first-quarter sales by 80 percent year-over-year and expects to generate sales of about €18 million this year compared with some €13 million in 2021. The brand, which has its shoes produced in Montegranaro in the Italian Marche region, initially focused on ...
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News briefs
Spartoo voted best online retailer by French magazine
Spartoo ranked number one in the 2022 list of the best online retailers by Capital, a French business magazine. It is the second time that the French online retailer of footwear and apparel topped the ranking. The company obtained a score of 8.6/10 in the “Multi-brand shoes” category, within the ...
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ArticleHow a Ukrainian footwear expert is helping her country and rebuilding her business
Krystyna Mandrykina In an exclusive interview with Shoe Intelligence, Krystyna Mandrykina, a Ukrainian-born footwear manager and consultant currently working in Turkey, explains how the Russian invasion of Ukraine has shattered her personal and professional life. She also provides a riveting account of how the Ukrainians are reorganizing ...
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ArticleEmerging designer: Gabriela Machado, from tax specialist to designing sustainable shoes
Gabriela Machado, a former tax specialist and the creator of Momoc shoes, launched a collection of sustainable and elegant office shoes for women after a sabbatical leave and a resourcing trip to the antipodes. Her endeavor resulted in her exhibiting on the Emerging Designers stand, at the Milan-based Micam footwear ...
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ArticleFarfetch invests $200m in Neiman Marcus
Farfetch and Neiman Marcus Group (NMG) have announced a global partnership, under which the British online fashion retailer will make an investment of up to $200 million in the U.S. luxury retailer and become a minority shareholder. The funds will be used by NMG to bolster growth and innovation by ...
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News briefs
Sosandar lifts earnings guidance after strong second half
The British online women’s fashion brand Sosandar lifted annual earnings and revenues guidance again after recording profits in successive quarters. The company, founded by two fashion journalists in 2016, expects at least £29 million (€34.7m) in revenues, up by 138 percent year-on-year, and for underlying losses to be cut by ...
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ArticleSpartoo 2021 GMV up by 10.3%
In 2021, Spartoo’s gross merchandise volume (GMV) rose by 10.3 percent year-over-year to €213.7 million. The increase of GMV was in line with the company’s target for growth exceeding 10 percent. GMV achieved through B2C services increased by 9.5 percent to €192.8 million and that related to third-party services grew ...
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News briefs
Katy Perry relaunches her footwear brand
The American singer Katy Perry has relaunched her namesake footwear brand with a new collection for spring/summer 2022. The collection comprises 19 pairs of shoes divided into two themes: floral and beach. It includes a variety of styles including platforms, kitten heels, loafers, sandals, sneakers, and wedges. The shoes are ...
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ArticleGörtz expands e-commerce offering with men’s and women’s clothing
The German footwear chain Görtz is expanding its e-commerce offering by adding men’s and women’s apparel to its Goertz.de marketplace. In addition to shoes and accessories, more than 5,000 clothing items from 60 brands are now offered on the website. The range of products includes streetwear and fashion brands, ...
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News briefs
Skechers plans experiential store in metaverse's fashion district
Lifestyle brand Skechers is entering the metaverse. According to a company release, the Californian brand is the first to sign a lease in the fashion district of Decentraland. Michael Greenberg, president of Skechers, states that the new investment helps to explore “creative ways for our brand to engage with new ...
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ArticleHotter plans to increase its European suppliers
Hotter Shoes is looking for additional European suppliers as it plans to increase the frequency of its collection releases and focus on digital sales. The British brand focuses on the over 55 year-old demographic with a high level of disposable income. It noted that the cohort has become more ...
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News briefs
Hotter Shoes partners with True Fit
Hotter Shoes has entered a partnership with True Fit, a customer experience platform that decodes fit and size, to help customers shop online. The British footwear brand claims that 90 percent of new clients are now acquired through digital channels. True Fit will leverage its AI-powered algorithm to enable Hotter ...
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ArticleFarfetch profitability improves on lower markdowns
Farfetch posted a strong improvement in its gross operating profit thanks to a reduction in markdowns. In a conference call, José Neves, the company’s founder and chief executive, said that out of the 10 brands on its marketplace “five now follow a full-price strategy for their e-concessions” while the retailer’s ...
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ArticleKlarna launches of rewards program and Pay Now in nine new markets
Klarna, the global retail banking, payment and shopping service hailing from Sweden, is expanding two of its fastest-growing products internationally. With the global growth of Klarna’s rewards program and Pay Now payment method, the fintech company aims to become the go-to destination for every type of purchase while rewarding consumers ...
