All E-Commerce & DTC articles – Page 13
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Zalando’s Zircle app adds resale option in Germany
Zalando has revamped and relaunched the Zircle app in its home market. German customers of the Zalando marketplace can now return articles of womenswear bought from their fellow customers there. All such items appear in the customers’ order history on the app. The new service will be extended to menswear ...
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ArticleItalian luxury sector expects a rebound in U.S., European sales
Italian luxury firms are currently focusing on the Asia Pacific region but they expect a sales rebound in key markets such as Europe and the U.S. following the slump caused by the Covid-19 pandemic. An omnichannel strategy will remain a key driver to reap the benefits of the expected growth, ...
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ArticleEmerging designer: Marcus Alexander launches on Stitch Fix
On Oct. 8, rising shoe designer Marcus Thomas, CEO & Creative Director of Marcus Alexander, saw four of his sneaker designs launch on Stitch Fix, the U.S.-based online personalized shopping site, which is also available in the U.K. U.S.-born Marcus Thomas, along with five other entrepreneurs in fashion, is the ...
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Zalando launches Connected Retail in Italy
Zalando is launching its Connected Retail program in Italy, offering a reduced commission until the end of the year to the physical retailers that wish to join its online marketplace. Like in 12 countries where this service is already available, the goods will be ordered through Zalando’s website and delivered ...
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ArticleZalando more than triples its fleet of Magazino robots
Zalando has ordered 20 order picking robots specifically designed for the footwear industry from the German start-up Magazino. Zalando, which has invested in Magazino, initially bought two of the robots called Toru in 2018, before increasing the fleet by an additional six in 2019. Once the latest robots are fully ...
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Wildberries enters the Baltic states
Russia’s largest online retailer Wildberries is expanding in Latvia, Lithuania and Estonia, but the marketplaces are only available in English and Russian. The company also announced that iOS and Android mobile applications would soon be available in the three Baltic countries. Wildberries indicated that orders in the countries are delivered ...
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Poshmark buys a sneaker authentication platform
Poshmark, a California-based social marketplace for the purchase and selling of new and secondhand clothing, shoes and accessories has acquired the sneaker authentication platform Suede One. The deal marks Poshmark’s first acquisition and no financial details were released. ”Suede One has built impressive capabilities in virtual authentication that will allow ...
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ArticleAsos CEO quits as rising costs lead to profits warning
The chief executive of Asos, Nick Beighton, is departing the British online fashion retailer in a shock move as the company issued a profits warning, citing supply chain issues and rising costs. Asos is facing “notable cost headwinds” including inbound freight fees, wage inflation, outbound delivery costs and Brexit duty. ...
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ArticleSpartoo H1 sales up by 19%
The French footwear and fashion e-retailer Spartoo posted a 19 percent year-on-year increase in gross merchandise value (GMV) to €106.0 million during the first half of 2021 driven by the expansion of its fashion item offering and a 46 percent rise in its third-party services offering. Boris Saragaglia, the company’s ...
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ArticleBoohoo lowers sales guidance as higher costs squeeze H1 profits, margins
The British fast-fashion retailer Boohoo has warned of slowing sales growth and a squeeze on profit margins from higher costs as interim profits fell by a fifth. Adjusted pre-tax profit for the six months to Aug. 31 fell to £63.8 million (€74.3m-$86m) from £79.4 million a year earlier as revenues ...
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Style Capital invests in LuisaViaRoma
The Italian private equity firm Style Capital is investing €130 million, partially through a capital increase, in the Florence-based online multibrand retailer LuisaViaRoma. The deal is expected to close this year and give Style Capital a 40 percent stake in LuisaViaRoma, while the retailer’s chairman and CEO, Andrea Panconesi, will ...
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Asos to invest in a tech hub in Belfast
The British online fashion retailer Asos is planning to invest £14 million (€16.2m-$18.9m) to create a new tech hub in Belfast. The site is scheduled to be operational early 2022 and create 184 jobs over three years, with 52 hirings in the first year.
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ArticleCCC continues to expand its digital offer
The Polish footwear company CCC has appointed Adam Marciniak as vice president responsible for technology and digitization, which also includes e-commerce. Marciniak has worked for various banks in Poland for the past 20 years. “Our company has undergone an enormous change in the field of new technologies and digitization in ...
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ArticleMatching site for Italian artisans grows with Covid-19
Established in 2015 to provide an online bridge between international brands seeking the artisanal skills unique to the Italian manufacturing fabric, and those very craftsmen who were looking to expand their reach but were too small to go out and find these clients, Italian Artisan has really come into its ...
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Asos enters the e-sports arena through Fnatic
Asos has signed a three-year deal with Fnatic, an e-sports brand with 30 million users, many of them members of Gen Z. As Asos’ chief growth officer, Robert Birge, explains, “gaming and fashion are both passions for young adults,” and “Gen Z-ers increasingly express their style in both the physical ...
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Wildberries denies go-slow strike
The Russian online retailer Wildberries denied reports that some workers have engaged into a go-slow to protest against pay conditions. Anfisa Ronzhina, the company’s public relations manager, said that the company’s pick-up points are working normally. In a petition posted at change.org, Wildberries employees complained about the introduction of new ...
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Euro Shoes launches B2B site
The Russian company Euro Shoes, an organizer of Euro Shoes footwear exhibition in Moscow, has launched the B2B marketplace Euroshoes.market. “The marketplace provides an opportunity [for producers] to demonstrate brand products and for buyers and retailers to place orders online,” Euroshoes.market said in a statement, adding that at the start ...
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ArticleHotter Shoes in online partnership with John Lewis
From October, Hotter Shoes, a British brand of comfort footwear, will start selling its products via the online platform of the British department store group John Lewis. The move is part of Hotter’s strategy to reach more consumers within its core demographic of over 55 years old and it will ...
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Zalando to join the DAX index
The German online retailer Zalando will join the DAX blue-chip index of the Frankfurt stock exchange on Sept. 20. The stock started trading on Oct. 1, 2014, and has been a constituent of the MDAX index since 2015. Zalando co-founder and co-CEO Robert Gentz said “we are proud to see ...
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Puma unveils latest collaboration with Animal Crossing
Puma has announced the launch of the new Puma x Animal Crossing: New Horizons Collection. The collaborative collection comprises apparel and footwear for adults and children. The collection’s streetwear silhouettes have been reimagined with natural colors and authentic graphics from the video game developed by Nintendo. The collection features some ...
