All E-Commerce & DTC articles – Page 17
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ArticleOR Group sets up a logistics unit
OR Group, which operates the Westfalika banner, has launched a new subsidiary company to develop logistics services, which will primarily involve opening new pick-up points. The logistics company called O2 LLC will be fully owned by the group’s parent company ORG PJSC. OR Group, formerly known as Obuv Rossii, started ...
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Richemont, Farfetch in talks to expand their partnership
Richemont is in advanced talks to enhance its partnership Farfetch. The deal under discussion would involve Farfetch investing directly in Yoox Net-a-Porter (YNAP) as a minority shareholder, with other investors to be invited to participate, according to the Swiss luxury goods company. Other industry players and investors have already indicated ...
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Xero Shoes debuts European website
Xero Shoes has inaugurated a European e-commerce website, at www.XeroShoes.eu, starting by offering discounts of 12 to 70 percent for a while. The American brand of “natural movement” footwear produces several models in three categories: performance, casual and sandals. The performance models cover walking, road running, trail running and hiking, ...
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ArticleAsos sets new long-term profit goal in bid to reassure investors
Asos has forecast an Ebit profit margin of at least 8 percent over the long-term as it aims to boost investor confidence in the wake of the abrupt exit last month of its chief executive Nick Beighton. The British online fashion retailer wants to increase its international presence, improve partner ...
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Wildberries launches branded pick-up points outside Russia
The Russian e-commerce giant Wildberries has launched its first branded pick-up points outside Russia. They were rolled out in Belarus, Armenia and Kazakhstan to improve brand recognition in those markets. “Wildberries launched sales in Belarus in 2012, entered the Kazakh market in 2014, and the Armenian market in 2018. The ...
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ArticleHotter sales surge as shift to digital pays off
Hotter Shoes reported a surge in first-half sales after it overhauled its channel strategy to focus on digital sales. In the first half of fiscal 2022, which ended in July, U.K. sales surged by 39 percent year-over-year to £25 million (€29.2m-$33.8m). The British footwear company posted earnings before interest, tax, ...
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ArticleZalando’s Q3 profits slump in price-cutting war
Zalando reported a slump in third-quarter profits after cutting prices in response to promotions made at physical stores after Covid lockdowns were completely lifted in Germany and other key markets. While sales rose by 23 percent to €2.3 billion as compared to a year ago, adjusted operating earnings (Ebit) for ...
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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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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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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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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 ...
