All E-Commerce & DTC articles – Page 13
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News briefs
Lululemon enters Spanish market
Lululemon Athletica Inc. has announced its expansion into the Spanish market. Spain is the brand’s first new market in Europe since 2019. A dedicated Spanish-language e-commerce platform will go live at the end of July. In addition, two new brand stores will open in September on Calle Serrano in the ...
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TikTok drops e-commerce plans in Europe, U.S. - FT
TikTok has abandoned plans to expand its live e-commerce initiative in Europe and the U.S., according to the Financial Times. The Chinese-owned company’s initiative called “TikTok Shop” was launched in the U.K. last year, its first market outside Asia. TikTok had planned to launch the feature in Germany, France, Italy ...
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ArticleHotter Shoes parent unveils partner brands for fashion, lifestyle platform
Hotter Shoes parent company Unbound Group has unveiled the names of brands that will feature on its new fashion and lifestyle platform for its core customer demographic aged 55 years old or more. The site will start on July 28. The group is initially launching the offering in the fashion ...
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StockX to lay off 8% of workforce
StockX plans to lay off 8 percent of its workforce. The Detroit-based company employs more than 1,500 people. The sneaker marketplace cited “macroeconomic challenges currently impacting our global economy continue to affect consumer behavior” as the reason, as well as the need to “adapt and pivot to deliver the highest ...
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Frasers buys stake in MySale
Frasers Group, the owner of Sports Direct, has acquired a 28.7 percent stake in MySale, an off-price fashion marketplace headquartered in Sydney. The financial terms of the deal have not been disclosed. Frasers explained that the move will allow end-of-line group products to be cleared via an established clearance channel. ...
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ArticleSaye sees 2022 sales reaching €8m on new model launches
Saye, a fast-growing Barcelona-based company specialized in sustainable footwear, posted sales of €5 million in 2021, up by 80 percent year-over-year, and expects the top line to reach more than €8 million this year. Growth will be supported by the launch of four new models in the coming months compared ...
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ArticlePrimark to trial a click-&-collect service in the U.K.
The clothing, shoe and accessories retailer Primark is making its first move into online shopping in the U.K., where it will trial a ‘click-and-collect’ service as it reported a sharp rise in third-quarter sales. The company, owned by Associated British Foods (ABF), is launching the trial at 25 stores in ...
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Spartoo says 150 merchants are using its TooPost service
Spartoo, a French online retailer, said that 150 e-merchants have chosen its TooPost transport solution service. The service covers about 15 destinations in Europe thanks to relationships built with more than 20 local postal services. TooPost offers an end-to-end transport service that can deliver more than 4 million packages every ...
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THG rejects several takeover offers
THG, also known as the The Hut Group, said that it has received indicative proposals from ”numerous parties” in recent months, including an indicative non-binding proposal from a consortium led by Belerion Capital Group Limited and King Street Capital Management, which had already been rejected by the board of the ...
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YouTube Shorts has 1.5 bn monthly users
YouTube, the U.S. online video sharing and social media platform owned by Google, said that its Shorts service now has over 1.5 billion active, signed-in monthly users. The service enables to show videos of up to 60 seconds. It started in test mode in September 2020, followed by a full-blown ...
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Timberland Construct: 10061 now available in the metaverse
In collaboration with Epic Games’ Unreal Engine and Conceptkicks, Timberland has unveiled an innovative design experience that blends the physical and virtual worlds. The partnership centers on Timberland Construct: 10061, which invites shoe lovers to immerse themselves in the universe of design, creation and innovation via a playable experience in ...
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OR Group undergoes a restructuring
The Russian footwear retailer OR Group, formerly known as Obuv Rossii, announced that its online marketplace Westfalika temporarily stopped accepting orders, as a part of an anti-crisis program embarked on by the company. OR Group has also started restructuring its retail network, closing the least profitable stores. In particular, three ...
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Vivobarefoot partners with Bundlee
Footwear brand Vivobarefoot is partnering exclusively with Bundlee, a U.K.-based rental platform for children’s clothing, which is for the first time expanding its service to shoes. Founded in 2018 by Eve Kekeh, Bundlee offers children’s clothing on a rental subscription basis. The clothes are returned when the child grows up ...
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ArticleAlibaba does not provide guidance due to Covid uncertainty
The Chinese e-commerce group Alibaba did not provide a guidance for the full year ending in March 2023 due the uncertainty generated by the re-emergence of the Covid-19 pandemic in China which has been affecting its domestic business. “Since mid-March 2022, our domestic businesses have been significantly affected by the ...
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Richemont’s sale of YNAP is taking time
Richemont said that talks involving third parties to restructure its online retailing unit Yoox Net-a-Porter (YNAP) are proceding ”well” but require time. In November 2021, Richemont announced that it was in advanced talks to enhance its partnership with Farfetch. At the time, the Swiss group unveiled that the deal under ...
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THG rejects a takeover offer
THG, also known as the The Hut Group, turned down a 170 pence (201 eurocents) per share takeover offer made by the private equity firms Belerion Capital Group Limited and King Street Capital Management. The British online retailer said that it had received a “third unsolicited, highly preliminary and indicative ...
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ArticleDesigner Brands launches a new store format
Designer Brands, the parent company of the footwear retailer DSW Designer Shoe Warehouse, has launched a new retail store format called “Warehouse Reimagined”. The new format is smaller, around 15,000 square feet rather than the typical 25,000 square feet of existing DSW stores, but Designer Brands’ chief executive officer, Roger ...
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ArticleHotter Shoes posts double-digit rise in Q1 sales but warns of ‘challenging’ year
The British retailer Hotter Shoes reported a double-digit increase in first-quarter sales and maintained its annual guidance, but warned of challenging conditions for the rest of the fiscal year. Owned by Unbound Group, Hotter Shoes also reported an improvement in gross margin despite the macroeconomic backdrop of rising inflation, supply ...
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Yandex.Market launches new online platform
Yandex has introduced a new platform called RUM within its online marketplace Yandex.Market where Russian fashion brands are invited to create storefronts in order to improve brand recognition. The new platform is designed to help Russian clothing and footwear brands to attract more customers and increase sales “by creating its ...
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ArticleZalando launches a profit warning as sales decline for the first time
Zalando posts the first decline in quarterly sales of its history and launched a profit warning for the full year. In the first quarter, the German online retailer reported a 1 percent increase in the gross merchandise volume (GMV) to €3.2 billion, but a 1.5 percent decline in revenues ...
