All E-Commerce & DTC articles – Page 18
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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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News briefs
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 ...
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News briefs
Deichmann may double its store network in the U.K. over time
The German footwear company Deichmann plans to expand in the U.K., where it could gradually double its network of 109 stores. In an interview with the Financial Times, Samuel Deichmann, the 28-year-old great grandson of the chain’s founder who manages the British business, said that the company sees ”a lot ...
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ArticleHotter’s parent to diversify into apparel and wellness brands
Electra Private Equity, the parent company of the British brand of comfort footwear Hotter Shoes, will undergo a radical transformation that will result in it expanding its offering beyond footwear to include apparel and wellness brands as well as complementary third-party labels. The company will be targeting consumers aged over ...
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News briefs
Japanese sneaker platform Soda raises $56 million
Japanese sneaker platform Soda raised 6.2 billion yen (€48.1m-$56.4m) in a Series C funding. The main investor was Kream Corporation, a South Korean sneaker reselling platform that is part of the portfolio of South Korean SoftBank Ventures Asia, which in turn is also one of the Series C investors, along ...
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Farfetch GMV rises 40% in Q2
In the second quarter, the British online fashion retailer Farfetch posted a 40 percent year-on-year increase in gross merchandise value (GMV) to $1.008 billion, driven by a similar growth to $913.4 million in GMV generated by the digital platform. GMV stemming from the brand platform grew to $72.7 million from ...
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Asos’ chairman quits
Adam Crozier, the chairman of the British online retailer Asos, has been appointed chairman of the U.K. telecommunications operator BT, where he will succeed Jan du Plessis when he retires from the board on Dec. 1. Crozier will join BT’s board as an independent non-executive director and chairman designate on ...
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Article
Wildberries’s H1 sales rise by 70%
In the first half, the sales of Russia’s largest online retailer, Wildberries, jumped by 70 percent year-over-year, reaching 303 billion rubles (€3.5bn-$4.04bn). In volume, sales were up by 82 percent. The fashion segment rose by 39 percent year-on-year to 135.8 billion rubles (€1.57bn-$1.84bn). In the sole second quarter, revenues ...
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ArticleObuv Rossii enters kids market with Universal Studios license
Obuv Rossii Manufacture, which is part of Russia’s OR Group, has obtained a license from Universal Studios to produce and sell footwear under the brands Minions, Jurassic World, Trolls, and Spirit in Russia and other members of the Commonwealth of Independent States for 2.5 years. No financial details were released. ...
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Article
StockX's GMV up 90% thanks to new categories
In a mid-year snapshot of its “Culture Index,” which was first launched last year, StockX reported a 90 percent increase in the gross merchandise value (GMV) going through its marketplace in the first half of 2021, led by a growth of 250 percent from “emerging categories” such as gaming consoles, ...
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ArticleAsos warns of volatility ahead as global sales rise
The British online fashion firm Asos warned of volatility in the months ahead as it reported a rise in sales and maintained its annual profits guidance. It added that profits were being squeezed by increased freight costs and global supply chain disruption caused by the Covid-19 pandemic and Brexit. “The ...
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ArticleNordstrom invests in Asos brands
The American department store chain Nordstrom has bought a minority stake in four brands owned by the British online fashion retailer Asos as it pushes to grab a share of the lucrative 20-something market. Nordstrom will take a minority stake in the Topshop, Topman, Miss Selfridge and activewear HIIT brands, ...
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EU postpones introduction of digital tax
The European Commission has postponed until October a European Union proposal to introduce a tax on digital companies to help fund a recovery plan aiming at stimulating the continent’s economy in the wake of the Covid-19 pandemic. A spokesperson for the commission said it is focusing attention on resolving open ...
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ArticleSpartoo raises €23.7m through a capital increase
The French footwear and fashion e-retailer Spartoo raised a gross €23.7 million through the issuance of new shares sold in an initial public offering (IPO) that completed on July 2. Based on the midpoint of its price range, the company was expecting gross proceeds of about €25 million, or €22.2 ...
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ArticleKlarna acquires social shopping platform Hero
Klarna, the retail banking, payments and shopping service from Sweden with over 90 million active users worldwide and 2 million transactions per day, has acquired Hero, a social shopping platform founded in 2015 and based in London and New York. Hero aims “to provide consumers with inspiration, advice and immediately ...
