All E-Commerce & DTC articles – Page 15
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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 ...
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ArticleANWR Schuh shifts digital strategy into higher gear
ANWR Schuh is undergoing a strategic overhaul and is expanding its digital activities in a bid to strengthen its collaboration with retailers and industry partners. Just like the entire footwear and fashion sector in Germany, ANWR Schuh and its affiliated partners took a heavy hit last year from the ...
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News briefs
Wildling Shoes enters North American market
The German shoe maker Wildling Shoes, which manufactures minimalist footwear using sustainably sourced materials according to ethical manufacturing practices, will make its debut in North America with its spring/summer 2022 collection. The shoes will be sold exclusively online at us.wilding.shoes and are available in the U.S. and Canada. According ...
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U.K. online retailer Studio Retail files for administration
The British online retailer Studio Retail Group filed for administration for itself and Studio Retail Limited, its wholly owned subsidiary, after failing to obtain a £25 million (€30m) short-term loan. The company also suspended its shares on the London Stock Exchange while it begins the U.K.’s form of bankruptcy proceedings. ...
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ArticlePriceRunner sues Google for at least €2.1bn
The Swedish price comparison firm PriceRunner is suing Google for a preliminary amount of almost €2.1 billion at the Patent and Market Court in Stockholm. It claims that the U.S. company is overcharging European consumers, especially for apparel and footwear. The lawsuit follows the conclusion of the European General Court ...
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Nexgen Packaging invests in Mexico, Guatemala
Nexgen Packaging, an American supplier of packaging for the retail, apparel and footwear industry, is expanding its manufacturing capacity in Latin America with two new strategic investments. The expansion will allow it to meet the increasing demand from retailers and manufacturers, as required by the fast-growing omnichannel retail market, ...
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Genesco picks Syndic8 for data content delivery
Genesco has stepped up its e-commerce expansion with a new partnership. The Nashville-based footwear and accessories specialty retailer signed a deal with Syndic8 to use its product content management platform, the provider of cloud-based and collaborative, digital product distribution solutions. Syndic8 claims that its platform will enable Genesco’s sales ...
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News briefs
India to introduce a digital rupee by March 2023
The Indian government plans to launch a digital rupee based on blockchain technology by March 2023. “Introduction of central bank digital currency will give a big boost to (the) digital economy. Digital currency will also lead to a more efficient and cheaper currency management system,” the finance minister, Nirmala Sitharaman, ...
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ArticleRussian bank takes over Stockmann to boost its e-commerce business
SberBank has signed a binding agreement to buy a 100 percent stake in the Russian fashion retailer Stockmann during the first half of 2022. The Russian bank plans to combine the retailer with its own multi-category marketplace, SberMegaMarket. The investment will be made “after conducting a comprehensive investment review” and ...
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News briefs
Yoox launches a marketplace in Europe
Yoox, which is part of the Yoox Net-a-Porter online retailing group, has launched its marketplace in almost 30 countries across Europe, with plans for further expansion across the U.S., Middle East and North Africa and Japan. The service supplements Yoox’s brand portfolio. The marketplace gives customers access to over 150,000 ...
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ArticleFootwear loses importance in OR Group’s online sales
Between Jan. 1 and Jan. 10, which corresponds to the Orthodox Christmas holidays, OR Group’s online sales grew by more than 30 percent compared to the same period in 2021. Household goods were the fastest-growing segment, with their share reaching 32 percent of total online sales. The company reported that ...
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ArticleThe Aura blockchain launches a SaaS solution for luxury brands
On Jan. 13, the Aura Blockchain Consortium launched Aura SaaS, a cloud-based software-as-a-service (SaaS) solution for its global blockchain-based platform designed for luxury brands. The consortium is a non-profit association based in Switzerland promoting socially responsible, sustainable and customer-centric business practices throughout the lifecycle of luxury products by leveraging blockchain ...
