All E-Commerce & DTC articles – Page 27
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Article
Rinascente launches its online store
Italian upmarket retailer Rinascente, one of the major department store chains in the country, made its e-commerce debut with a dedicated website. The online store features 15,000 products from 650 brands in all product categories, spanning fashion, accessories (including Italian and international footwear and eyewear brands), beauty, food and design. ...
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News briefs
Virtual sourcing event with four Italian tanners on June 18
APLF is holding a virtual sourcing event with Italian tanners focused on leather for shoes, leathergoods and upholstery. The event is scheduled at 0900-1000 GMT (1700-1800 Hong Kong time, 1100-1200 Italian time) on June 18. It is the second of APLF’s “Made in Italy” events and is being held through ...
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News briefs
We Want Shoes expands digital showroom
We Want Shoes, a German B2B e-commerce and brand marketing platform for footwear, bags and accessories, is expanding its digital showroom functions by introducing video chats. The digital showrooms on the platform can host live video meetings with up to 10 people to present products, conduct sales talks and write ...
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News briefs
Pinko hires Glovo for delivery service
The Italian fashion brand Pinko has joined forces with the Spanish courier service Glovo, better known for its food delivery service. Under the partnership that started in June, consumers can access Pinko’s e-commerce platform through Glovo’s application and buy a series of items including T-shirts, bags and accessories, which are ...
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ArticleZara’s parent wants 25% of sales online within 2 years
Inditex, the Spanish group that owns the brands Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe, wants online sales to represent over 25 percent of the total by 2022, compared with 14 percent in 2019, and to restructure its store network, that will be further ...
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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.
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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.
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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 ...
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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 ...
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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 ...
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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.
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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.
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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 ...
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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 ...
