All E-Commerce & DTC articles – Page 23
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ArticleStreetTrend buys Italian sneaker brand P448
StreetTrend has acquired the sneaker brand P448 from NoThanks, an Italian company based in Forli, and will enter it into its portfolio of footwear and fashion brands. StreetTrend is a fashion footwear and street wear brand company launched in 2017 by Wayne Kulkin, the former chief executive of Stuart Wetizman ...
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News briefsZalando raises full-year guidance on strong Q3 performance
Zalando has raised its outlook for the full year after “exceptionally strong and profitable growth” in the third quarter. The German online retailer now expects gross merchandise volume (GMV) to grow by 25-27 percent, revenues to increase by 20-22 percent and adjusted Ebit to reach €375-425 million in the full ...
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ArticleCCC focuses on Central and Eastern Europe
Online sales were the main driver of growth in the latest quarter for CCC, the international Polish-based shoe manufacturer and retailer, and the company continues to invest heavily to develop its e-commerce infrastructure. Meanwhile, the company is letting go of unprofitable parts of the business in Western Europe, and has ...
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News briefsZalando launches Brand Homes for more customer engagement
Zalando has launched a new offer, called Brand Homes, that allows brands to supply high-quality and directly curated content to lead customers to engage with them on its website longer and more frequently, or to discover them for the first time. The service is also meant to enrich the customer ...
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ArticleAlibaba in partnership with the duty free retailer Dufry in omnichannel drive
The Chinese e-commerce group Alibaba has entered into a partnership with the Swiss duty free retailer Dufry that will further integrate online and offline shopping. The parties will form a strategic joint venture in China, and Alibaba will become a minority shareholder in Dufry.
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ArticleCovid-19 is forcing fashion and retail to rethink their business models
The Covid-19 pandemic has accelerated changes in consumer attitudes towards fashion and retail, and calls are getting louder for “something to be done,” namely fewer collections, less fast fashion and more attention to sustainability.
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News briefs
Wildberries faces sanctions in Ukraine
Ukraine may impose sanctions against Russia’s largest online retailer, Wildberries, according to a proposal by the Ukrainian Minister of Culture and Information Policy, Oleksandr Tkachenko. The recommendation was made after Wildberries announced plans to begin sales in Ukraine. The minister called on the government to consider the possibility of applying ...
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News briefsTamaris launches an online store in Russia
Tamaris, the shoe brand owned by the Wortmann Group, has launched an online store in Russia to support growing sales in the country. The opening of a digital store comes after a successful marketing campaign for the spring-summer season and a rapid development of offline sales, the company said. As ...
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ArticleGoat, the sneaker reseller, is valued at $1.75 billion as it raises more funds
With the resale market being as hot as ever, no doubt due partly to the increasing role that the internet is playing, the U.S.-based Goat Group closed an additional Series E funding round $100 million, saying that it was intended to accelerate its development across product categories and geographies. According ...
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ArticleEram enters the second-hand market
Second-hand, or pre-owned, fashion is a growing trend in France, with brands such as Kiabi, Gémo and Jacadi all launching pre-owned clothing projects. Shoe and apparel retailer Eram has decided to join in, and has recently been testing several schemes offering second-hand fashion items in stores, both for shoes and ...
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ArticleZalando launches pre-owned trade on its platform
Zalando has started trading pre-owned, or second-hand, fashion items on its platform. The online retailer launched the service in Germany and Spain on Sept. 21, and will roll it out in Belgium, France, the Netherlands and Poland in October. If successful in those markets, Zalando could expand the service to ...
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ArticleU.S. delays TikTok ban to Sept. 27 as Trump gives blessing to deal with Oracle, Walmart
The U.S. Department of Commerce said that it has delayed until Sept. 27 the prohibition of the Chinese mobile application TikTok. The department had previously announced that the ban would start today. The decision comes after U.S. President Donald Trump said he had given his “blessing” to a proposed deal ...
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News briefs
U.S. bans WeChat, TikTok from Sept. 20
The U.S. Department of Commerce said that from Sept. 20 the Chinese mobile applications WeChat and TikTok will be prohibited in the U.S. to safeguard national security. “The Chinese Communist Party (CCP) has demonstrated the means and motives to use these apps to threaten the national security, foreign policy, and ...
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Article
Shoepassion launches ID solution to buy shoes
The Shoepassion group, a multichannel shoe retailer based in Berlin that owns the Heinrich Dinkelacker brand of traditional high-end men’s shoes, has launched an identity management (ID) solution for the sale of footwear. The system was tested during the summer in a pop-up store at the Bikini shopping center in ...
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News briefs
Amazon hires extra 100,000 people in U.S., Canada
Amazon is hiring an additional 100,000 people in the U.S. and Canada on top of 33,000 corporate and technology jobs announced last week. The roles offer a starting wage of at least $15 per hour, and in select cities the online retailer is offering sign-on bonuses up to $1,000 ...
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Article
Santoni sees 2020 sales down by 20-30%
Santoni expects 2020 sales to drop by 20-30 percent from the €83 million posted in 2019 due the impact of the Covid-19 pandemic. The Italian brand of high-end shoes anticipates to resume growing in 2021 but the target of reaching an annual turnover of €100 million within a couple of ...
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Article
Tretorn reinforces its management team in its move to accelerate DTC shift
Tretorn, the Swedish footwear and outerwear brand, continues to reinforce its management team as it seeks to overhaul its business model and develop direct-to-consumer channels. In the summer of 2019, the company, which was established in 1891, appointed Magnus Månsson as its new chief executive. Before joining Tretorn, Månsson served ...
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ArticleAmazon: The Janus-faced company
The current Covid-19 crisis has accelerated Amazon’s consumer goods business exponentially. The Silicon Valley giant doubled its profits in the second quarter of this year and increased its turnover to nearly $89 billion. The share value has also nearly doubled since the middle of March. On Sept. 1, Amazon announced ...
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News briefsWalmart launches Walmart+ membership program
Walmart is launching the membership program Walmart+, its much anticipated response to Amazon Prime. Membership will be available to all U.S. customers on Sept. 15. It will cost $98 a year or $12.95 a month and includes a 15-day free trial period. Members will receive unlimited free delivery from stores, ...
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ArticlePayPal to launch buy now, pay later solution in Q4
PayPal, the American online payment provider, announced that it will launch early in the fourth quarter “Pay in 4”, a short-term installment payment scheme for customers in the U.S. The service will permit merchants to be paid upfront while customers can pay for purchases between $30 and $600 over a ...
