DTC & E-commerce – Page 13
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News briefsAsics wants to grow further in India
Asics saw its net revenues in India increase by 42 percent in 2022, bolstered by the post-pandemic running and fitness boom. It was the company’s highest growth globally. The Japanese sportswear brand is now eyeing a 25 percent growth CAGR in the country over the next few years, Asics’ president, ...
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News briefsAmazon to close three UK warehouses, plans two new fulfillment centers
SkyNews reports that Amazon is looking to close three old warehouses in the U.K., which currently employ 1,200 people, and replace them with two new, large fulfillment centers. The sites in Hemel Hempstead, Doncaster and Gourock, in the west of Scotland, have been proposed for closure. The proposed new sites ...
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News briefsAlibaba plans logistics center at Istanbul airport
Chinese e-commerce giant Alibaba Group Holding Ltd will invest more than $1 billion in Turkey to build a logistics center at Istanbul Airport and a data center near the Turkish capital of Ankara, Michael Evans, president of Alibaba Group since 2015, told Sabah newspaper last Sunday. Alibaba is seeking to ...
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ArticleRe:store acquires fashion and lifestyle marketplace Trouva
Trouva, a London-based online marketplace focused on showcasing independent boutiques and brands focused on homewares, fashion and lifestyle, has been acquired by Cambridge-based startup Re:store from its previous owner, the clothing brand Next. Terms of the deal were not disclosed. In its press release, Trouva states that Re:store’s goal with ...
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News briefsAmazon cuts 18,000 jobs, secures billion-dollar loan
Amazon will lay off over 18,000 employees, with the majority focused on Amazon Stores and the People, Experience, and Technology (PXT) organizations, Andy Jassy, the company’s CEO, announced. The U.S. online retailer plans to start talking to employees or representative bodies from Jan. 18. Amazon had already imposed a hiring ...
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ArticleSnap and Amazon Fashion collaborate on seamless AR shopping experience, starting with eyewear
Source: www.snapchat.com Venice, California-based U.S. technology and social media company Snap and Amazon Fashion are collaborating to bring new Virtual Try-On (VTO) experiences to Snapchat users and extend augmented reality (AR) to both brands and customers. The new Snapchat try-on lenses include thousands of Amazon Fashion’s Virtual ...
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ArticleSwedish e-tailer Ridestore nears SEK 1 billion in sales
According to an article on ehandel.se, Swedish e-tailer Ridestore reported sales of just over SEK 1 billion (€90.8m) in its latest financial statements for 2021/2022, including currency exchange gains. Excluding, earnings were SEK 975 million (€87.6m), solid growth from SEK 600 million (€53.9m) the previous year. The privately held company ...
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News briefsPeloton extends cooperation with Amazon to Germany
Peloton Interactive announced on Dec. 29 that select Peloton products are now available on the German Amazon store. The company had already announced the expansion of its deal with Amazon to Germany in November. Peloton products are also available in Amazon stores in the U.S. and U.K. As part of ...
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News briefsErgatta begins expansion into the German-speaking market
Ergatta, a U.S.-based gaming-based home fitness brand, announced that it began selling its networked rowing machine in Germany, Austria and Switzerland. Sales are live now, and orders will ship within 1-2 weeks of purchase. This announcement follows Ergatta’s recent expansion into the U.K., announced in October. Ergatta has an exclusive ...
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News briefsInvestors file a shareholder resolution pressing Amazon for more information on its climate footprint
U.S. environmentally and socially responsible investor Green Century Funds together with Amalgamated Bank led the filing of a shareholder proposal on Dec. 15, 2022, pressing Amazon to fully quantify and disclose its scope 3 greenhouse gas emissions. This was followed up by the filing of a shareholder resolution with Amazon ...
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News briefsShein looks at becoming an online marketplace
Shein, one of the world’s largest online fashion retailers, is looking at becoming an online marketplace, according to The Wall Street Journal. The move would likely mean Shein becomes a direct competitor for existing e-commerce sites such as Alibaba, AliExpress and Amazon Marketplace, expanding beyond selling its own apparel and ...
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AnalysisDigital Payments and e-wallets: An overview about PayPal and co
PayPal appears to be far and away the West’s top provider of e-wallets. How did this come about, who are the competitors and what is the situation in other parts of the world?
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News briefsKettler pilots new fitness equipment rental service in German cities
In partnership with the Munich-based service provider Mietfit, Kettler started a new rental program for training machines such as the Tour 300 cycle ergometer or the Optima 800 cross-trainer, which can be selected on the Kettler website. The offer is aimed at customers who only train at home in winter, ...
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News briefsCovision Media introduces new 3D scanner, wins ISPO Brandnew Award
Covision Media, founded in 2020 in Italy, won the ISPO Brandnew Awards in the Sports, Technology and Platforms category at ISPO Munich a few weeks ago with D-Twin, a fully automated 3D scanner that creates top-quality 3D models in a very short time. With one click, D-Twin can convert any ...
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News briefsHavaianas releases app for custom flip-flops
According to Lorena, Havaianas is celebrating its 60th anniversary with the release of an app that will enable customers to customize the flip-flops they purchase through it. Limited to the Brazilian brands’ two most traditional models, the Top and the Slim, the service covers prints and color combinations for straps ...
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ArticleeBay U.K. partners with ACS to make second-hand items easier to access
eBay U.K. has announced a new partnership with the textile fulfillment company Advanced Clothing Solutions (ACS). U.K.-based ACS – now B Corp-certified – is an expert in reselling, cleaning and repairing garments to expand the online marketplace’s second-hand offering and reduce waste in the fashion industry. The announcement comes on ...
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ArticleZalando reappoints Schröder as COO, Freeman to leave company
Zalando’s supervisory board has reappointed David Schröder as chief operating officer. According to the company, he will continue to expand Zalando’s European multi-channel logistics network and develop new growth opportunities, such as helping partners increase their direct-to-consumer business across various channels. Chief business and product officer Jim Freeman is leaving ...
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News briefsBurton launches online rental program
Burton has announced a new online rental program for snowboards, boots, bindings and outerwear in the continental U.S. The rental model is aimed at short-term rentals, with gear shipped directly to the customers. Burton promises professionally cleaned and like-new condition equipment, shipped with the tools and hardware needed to set ...
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ArticleExperts share their retail insights and predictions for 2023 at ISPO
ISPO Munich 2022 provided plenty of expert insights into the state of retail as well as predictions for 2023. We summarize the key points.
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ArticleThe crisis is shaping supply on the Russian sporting goods market
Western brands are increasingly withdrawing from the Russian market, while local brands are reportedly expanding their presence. Helly Hansen joins a long list of Western companies that have severed ties with the Russian market by selling its business to top local managers. Russian newspaper Vedomosti believes the value of the ...
