DTC & E-commerce – Page 5
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News briefsFormerly pure e-tailer predicts a record year
Deporvillage appears to have returned to double-digit growth in revenues and has accordingly raised its revenue forecast for the current year from €163 to €170 million, according to Modaes and Palco23. Should the crystal ball prove accurate, the retailer will surpass the record year of 2021 with its late-Covid euphoria. ...
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ArticleAsian sneaker marketplace Novelship secures $9.5 million in Series B funding
Novelship, a Singapore-based marketplace founded in 2018, has received US$9.5 million in its Series B funding round led by East Ventures, iGlobe Partners and GSR Ventures. The company said the new funding will accelerate its efforts to strengthen its brand presence across Southeast Asia. This includes improving logistics capabilities, refining ...
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News briefsZalando launches Stories
Source: Zalando Storys on mobile In close collaboration with Highsnobiety, Zalando has introduced “Stories” on its platform. Curated editorial content is seamlessly linked to the shopping experience in visual formats, such as short videos, and is intended to serve as a new source of inspiration for customers. ...
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News briefsFanatics hires new Commerce CEO
Source: Fanatics Andrew Low Ah Kee, new CEO of Fanatics Commerce Digital sports platform Fanatics has announced the appointment of Andrew Low Ah Kee as Chief Executive Officer of its largest business unit, Fanatics Commerce. Low Ah Kee most recently served as President at Opendoor, an e-commerce ...
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ArticleMuntagnard launches mono-material apparel via Kickstarter to avoid overproduction
Source: Muntagnard Muntagnard founders Dario Pirovino and Dario Grünenfelder Muntagnard, a young startup from Switzerland, has been offering its latest two sustainable products – the MIUtec Iso Vest and the MIUtec Iso Hooded Jacket – exclusively and internationally on Kickstarter since Aug. 24. The company uses Kickstarter ...
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News briefsBoth Zalando CEOs extend contracts
Zalando founders Robert Gentz and David Schneider will continue to lead the company as co-CEOs. The Supervisory Board made this decision at its regular Q3 meeting and extended both contracts by another four years until December 2027. Gentz and Schneider will drive the strategy to establish Zalando as the first ...
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News briefsZalando appoints VP of Sustainability and Diversity & Inclusion
Source: Zalando Pascal Brun Online retailer Zalando has hired Pascal Brun, a renowned expert in the textile and apparel industry, as its new Vice President of Sustainability and Diversity and inclusion (D&I). In his role, he will report directly to Padmaja Bommareddy, SVP of Corporate Development. The ...
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News briefsDecathlon appoints Jimena Almendares as chief digital officer
Source: Decathlon Jimena Almendares Decathlon has announced the appointment of Jimena Almendares as Global Chief Digital Officer. She joined Decathlon in August. Almendares has 20 years of experience in business innovation and has worked in 16 countries across North America, Latin America, Europe and Asia. Before joining ...
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News briefsAre Visa and Mastercard raising fees?
The Wall Street Journal reported on Aug. 30 that, according to company documents it had seen and sources it had spoken with, Visa and Mastercard would be raising interchange fees – that is, the fees charged to merchants when they accept customer credit cards. The rise was to occur this ...
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ArticleSport-Tiedje becomes Peloton’s strategic partner in Germany
Peloton is strengthening its retail presence by entering into a collaboration with the Sport-Tiedje Group that will make the fitness retailer the exclusive distributor of Peloton fitness equipment in Germany. The collaboration represents a key milestone for the connected fitness company, expanding access to its fitness equipment and instructor-led classes ...
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News briefsAlibaba.com launches “Super September”
Since Sept. 1, the global B2B e-commerce platform Alibaba.com has been running “Super September,” its biggest B2B sales event of the year. Super September brings together more than 40 million buyers and 200,000 sellers from around the world to discover new products and services and shop more securely online. More ...
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News briefsLacoste to open pop-up in London on its 90th birthday
French brand Lacoste is opening a vintage pop-up space in Shoreditch, London, as part of its 90th anniversary celebrations. The space, open on Sept. 14-26 at the Truman Brewery, will showcase more than 400 vintage pieces. The offering is sourced and curated in partnership with vintage resale expert Wavey Garms ...
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News briefsErima with new executive for sales and marketing
Source: Erima Andre Bachmann On Aug. 17, Andre Bachmann has joined the team at German team sports apparel manufacturer Erima as Managing Director of Sales and Marketing. In the past, Bachmann was responsible for managing the field and office sales of all group brands as the long-standing ...
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News briefsActive Brands Group hires e-commerce manager
Source: Active Brands Group Rohan Callander Stockholm-based Active Brands Group (ABG), which owns a broad portfolio of brands in the sports and pharmaceutical segments, said it has hired New Zealander/Swede Rohan Callander to expand the DTC side of its brands to their full potential. Previously, the company ...
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News briefsGympass raises $85 million in equity funding
Corporate wellness platform Gympass has announced that it has raised $85 million in Series F funding, led by EQT Growth, with participation from Neuberger Berman. The funding comes in at what the company has described as “a record year” on the heels of several milestones. Gympass surpassed 15,000 corporate customers ...
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News briefsIn-Sport Fashions signs distribution agreement with Allbirds for the Canadian market
Québec-based In-Sport Fashions, a Canadian distributor of specialized lifestyle, sports and outdoor products, entered an exclusive partnership with the sustainable footwear brand Allbirds. Effective Sept. 15, 2023, In-Sport Fashions assumes distribution of Allbirds products across all Canadian distribution channels: retail, allbirds.ca and wholesale partner openings. Under this new distribution agreement, ...
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News briefsU.K.-based sneaker reseller Laced expands to Europe
Laced is now available to buyers and sellers in Europe. The London-based online platform has also launched dedicated German and French language websites. According to a report by Footwear News, Laced will grow its current staff of 80 employees by at least 25 percent, with new jobs on the continent ...
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News briefsJudge in Nike vs. StockX orders defendant to disclose additional information about counterfeit sellers
U.S. Magistrate Judge Sarah Netburn has ordered the resale platform StockX to reveal additional information about users who sold counterfeit sneakers through the platform. Nike specifically asked how many sales these users completed, as this element could help assess the level of scrutiny StockX applied in facilitating their sales. StockX ...
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News briefsAthleta’s new President & CEO takes helm as Q2 sales dip
The Gap-owned specialty retailer suffered a 1 percent drop in Q2 sales to $341 million for the period ended July 29, a week before Chris Blakeslee became Athleta’s new president and CEO. Comparable store sales declined 7 percent in the period, an improved trend from Q1, as sales of core ...
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ArticleKYX is back – as a platform for secondhand sneakers
Rising from the ashes of the sneaker subscription platform KYX World, which disappeared at the end of 2022, KYX Sneakers has reinvented itself as a platform for the resale of secondhand sneakers. The platform is launching with over 2,000 used sneakers priced between $50 and $2,000 a pair. KYX Sneakers ...
