All E-Commerce & DTC articles – Page 26
-
ArticleCaleres to accelerate store closures as e-commerce surges
The Covid-19 pandemic has led to a dramatic surge in the importance of e-commerce in Caleres’ sales, representing about a third of the company’s revenues in its fiscal first quarter, and prompting it to accelerate the closure of some 160 stores by the end of 2021.
-
News briefs
Wolverine performs better than expected
Wolverine Worldwide told analysts at the Baird 2020 Global Consumer, Technology, and Services Conference on June 4 that its sales were better than expected in the first nine weeks of its second quarter, falling by less than 50 percent overall. The impact of the coronavirus-related retail lockdown was partly offset ...
-
News briefs
Phillip Lim partners with The RealReal to sell unsold stock
The American fashion brand designer Phillip Lim has struck an agreement with the online luxury consignment marketplace The RealReal to sell unsold items from previous collections of the 3.1 Phillip Lim brand at discounted prices, reported WWD. Brand products are placed in a dedicated online shop and remain there until ...
-
News briefs
Asos adds 80 independent boutiques to its Marketplace
British online fashion retailer Asos said its Asos Marketplace featuring independent and vintage brands saw the addition of 80 new boutiques in April and strong sales and traffic growth in April and May as UK customers turned to online retailing after lockdown measures were introduced in the country on March ...
-
News briefs
Aldo UK enters administration
Canadian footwear retailer Aldo Group said its UK arm has been placed into administration, due to profitability problems and a collapse in retail spending amid the Covid-19 pandemic. Five of its UK stores have been permanently closed, while the eight remaining ones have been handed over to administrators who will ...
-
News briefs
Timberland joins forces with Klarna for buy now, pay later service
Timberland, a VF Corp. brand, has entered a partnership with Klarna, a Swedish specialist in online financial services, to offer the footwear brand’s U.S.-based e-commerce customers a flexible ”buy now, pay later” option. With this service, clients can make four equal payments with no interest added. Klarna claims to be ...
-
ArticleWGSN sees three major consumer groups emerging from the crisis
The coronavirus pandemic has accelerated societal changes and is forcing industries worldwide to adapt to the resulting changes in consumption. Thus, WGSN has set out to predict what consumers will be looking for in the next couple of years.
-
Article
Jimmy Choo returns to last’s year sales levels in China
Jimmy Choo has returned to last year’s sales levels in Mainland China over the past two months, as volumes gradually built up since the end of the coronavirus-related lockdown in the country. Capri Holdings, which owns the shoe maker along with the Versace and Michael brands, pointed out that Versace ...
-
News briefs
DSI Samson’s ‘BBB’ rating confirmed but outlook cut to stable by Fitch
The credit rating agency Fitch has cut the outlook of Sri Lankan footwear and tire manufacturer and retailer DSI Samson Group to stable from positive but has confirmed the national long-term rating at ‘BBB(lka)’. The outlook revision reflects Fitch’s view that a rating upgrade is not probable within the next ...
-
Article
Nordstrom permanently closes 16 stores, plus its 3 Jeffrey locations
Nordstrom has decided to permanently close 16 of its full-line stores, lowering the tally to 100 in the U.S., Canada and Puerto Rico, and its three Jeffrey stores as it restructures to respond to the impact of the Covid-19 pandemic. The American luxury retailer will incur non-cash impairment charges associated ...
-
ArticleMicam has industry support for September edition and prepares a B2B site
The organizers of Micam confirmed plans to hold the trade fair on Sept. 20-23, indicating that 75 percent of the Italian and international companies surveyed believe that the Milan-based event is an essential element to relaunch the industry. Micam also plans to launch a B2B platform.
-
-
Article
Footwear did not benefit from surge in online purchases in the U.K.
A couple of suveys have confirmed that online sales surged during the lockdown in the U.K. but unfortunately footwear did not profit from the rising tide. The situation is also changing consumers’ behaviors to the detriment of clothing.
-
News briefs
Farfetch continues to grow strongly in Q1 and lose money
The British online fashion retailer Farfetch saw gross sales value rise by 46 percent in the first quarter of 2020 to $610.87 million, while the net loss increased slightly to $79.18 million from $77.69 million a year earlier. Revenue increased by 90 percent to $331.44 million. The gross margin narrowed ...
-
News briefs
Yoox Net-a-Porter Group reopens distribution centers
After Yoox Net-a-Porter Group (YNPG) had to close down its online stores, Net-a-Porter, Mr Porter, The Outnet and Yoox, at the end of March, Yoox, The Outnet and Mr Porter started to work again at the end of April and Net-a-Porter took orders again from last week. Deliveries might take ...
-
News briefs
Superga opens first flagship store in Germany
Superga, part of BasicNet, the parent company of Kappa, K-Way, Superga and other brands, opened a new flagship store in Berlin on May 2. The store covers 80 square meters and is located in the Bikini shopping mall. Superga had already opened a pop-up store in the popular shopping mall ...
-
News briefs
Zalando opens new outlet stores, plans five extra outlets by 2022
Zalando has opened a 1,400-square-meter outlet store in Mannheim, bringing the total to nine in Germany. The opening was planned for April but was postponed after the recent lockdown in the country and the subsequent gradual reopening that was initially limited to stores of up to 800 square meters. The ...
-
Article
Zalando sees 2020 revenues up by 10-20%
Zalando issued a new full-year guidance which takes into account the impact of the Covid-19 pandemic and sees gross merchandise volume (GMV) and revenues up by 10-20 percent. It noted that its forecast growth is significantly above the expected increase for the overall fashion industry.
-
Article
Geox’s Q1 sales fall by 30%
Geox’s sales fell sharply in the first quarter of 2020, which was heavily affected by temporary store closures due to the Covid-19 pandemic in all regions the company is present. It warned that the second quarter will be worse.
-
Article
Rohde plans e-commerce platform this year
The German shoemaker Rohde intends to launch a business-to-business (B2B) online platform this summer, followed by a business-to-consumer (B2C) site.
