All E-Commerce & DTC articles – Page 13
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ArticleHow OpenMall plans to hold its first metaverse fashion show early 2023
OpenMall, an Italian startup specializing in social commerce, plans to hold its first virtual fashion show in the metaverse early 2023. Source: OpenMall Massimo Spica “We expect to finalize agreements with several brands by the end of the summer, and each brand will have its fashion show,” ...
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ArticleUnbound raises funds for its growth
Hotter Shoes’ parent company, Unbound Group, raised a gross £3.3 million by selling 22,004,615 shares at a price of 15 pence each in a placement. In addition to the placing, certain of Unbound’s directors and senior managers subscribed for 1,221,281 shares, under a subscription scheme, at a similar price and ...
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Zalando names new head for German-speaking countries
Christoph Lütke Schelhowe, a former McKinsey associate principal, is Zalando’s new general manager for the German-speaking markets. Schelhowe has been with the company for almost ten years in different positions, most recently VP, demand – customer acquisition and engagement. He replaces Florian Jodl, who resigned.
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ArticleGoogle installs seamless shopping with new Shopify tool on Youtube
By installing a new Shopify connection on Youtube, the internet company is expanding the business opportunities for content creators, like influencers and brands. Up to now, Youtube creators were able to promote and sell products in live videos on Youtube – but for the purchase transaction, a change of platforms ...
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News briefsDesigner Brands enters licensing agreement with Le Tigre
Designer Brands has entered a licensing agreement with Le Tigre 360 Global, that will add the Le Tigre label to its portfolio of ”owned brands”. The Ohio-based footwear company aims to double sales of the owned brands category by 2026. The current portfolio includes Vince Camuto, Reebok, Hush Puppies, Jessica ...
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News briefs
Görtz revisits its purchasing strategy
The German footwear chain Görtz has revamped its purchasing strategy and underwent a management change to match its positioning as an omnichannel retailer. According to the Hamburg-based company, the traditional way of planning purchases by brands is being replaced by purchases based on trends and a new management position ...
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News briefs
Italian Trade Agency joins forces with Zalando
The Italian Trade Agency, referred to as ITA in English and ICE in Italian, has partnered with the German fashion online retailer Zalando to promote Italian fashion goods and cosmetics abroad. ITA invested more than €1 million to create the gallery “Made In Italy” on Zalando’s platform and help select ...
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ArticleAlibaba sheds light on B2B e-commerce trends and needs
The Covid-19 pandemic has accelerated the uptake of e-commerce for business-to-business transactions and the majority of companies have shifted their go-to market model from traditional to digital. The shift has fostered new needs both for sellers and buyers which must be taken into account. This was the takeaway from a ...
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News briefs
Red Wing launches online purchase of PPE
Red Wing Shoe Company has said that its unit Red Wing for Business has launched a service to order personal protective equipment (PPE) online. Clients can now purchase PPE at over 1,200 Red Wing retailers, over 170 mobile stores and online, according to the company. Established in 1905 in Red ...
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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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News briefs
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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News briefs
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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News briefs
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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News briefs
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 ...
