All E-Commerce & DTC articles – Page 14
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News briefsAlibaba’s Tmall Luxury Pavilion enhances metaverse experience
Tmall Luxury Pavilion, the Alibaba luxury shopping platform, introduced a so-called Meta Pass and hosted an augmented reality fashion show in Shanghai. As Alibaba reported, Luxury executives tried on AR glasses, held a virtual item (such as a digital luxury bag), and placed it in a gift box. When they ...
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ArticleCross-border commerce publishes first online retail ranking
Providing an overview of the European fashion retail market in 2021, Cross-Border Commerce Europe has published a ranking of fashion retail online.
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SponsoredEnhance customer experience with a workout-based loyalty solution
How Stready’s loyalty solution supercharges engagement, loyalty and data with a workout-based loyalty solution.
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News briefsInstagram changes e-commerce strategy step by step
Meta, the parent company of Instagram and Facebook, has announced another change to Instagram’s e-commerce options. According to an internal memo quoted by The Information, it plans to remove the platform’s “Shopping” page due to “shifts in company priorities.” Instagram plans to pivot toward a less personalized version of the ...
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ArticleGymshark opens first brick-and-mortar store
Gymshark has announced it will open its previously announced flagship store on Regent Street in London on Oct. 1. This first-ever brick-and-mortar store for the British brand will span around 1,700 square meters and feature several other functions in addition to the sale of Gymshark products and apparel. For example, ...
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ArticleCanada Goose shows optimism about consumer demand
Canada Goose is optimistic that its fiscal 2023 income statement will not include any red figures, as its luxury consumer base remains relatively unfazed by the market’s current woes. At the Goldman Sachs Global Retailing Conference, the company said the North American market will remain very healthy in 2023, while ...
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News briefsOn partners with Trove to launch U.S. resale site and online exchange program
Swiss sportswear and athletic footwear brand On has launched Onward in the U.S., a new resale site and online exchange program powered by California-based brand e-commerce specialist Trove. The Onward program is an extension of On’s existing ESG initiatives, which focus on driving sustainability through innovation and promoting the circular ...
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ArticleVolumental announces 86% increase in revenue
Volumental, a Sweden-based global platform offering 3D foot scanners, announced that it has seen an 85 percent increase in revenue this year and scans half a million consumers’ feet per month. With poor fit being the most common reason for shoe returns, stores that have implemented Volumental’s foot scanning technology ...
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ArticleAlibaba wants to establish Lazada in Europe
Alibaba’s unit Lazada plans to enter the European market and take on its online rivals such as Amazon and Zalando. In an interview with Bloomberg News, Lazada’s CEO, James Dong, highlighted that Europe is a “very big market” and that ”for most of the European brands, their largest retail partner ...
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ArticleESG Report 2022: Alibaba reduces carbon footprint by 620,000 tons using renewable energy
Alibaba Group announced that it has saved 619,944 metric tons of carbon dioxide equivalents over the past 12 months by using clean energy sources to achieve its goal of carbon neutrality. That savings is equivalent to the amount of carbon dioxide generated by 12,915 U.S. households in a year, according ...
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News briefs
Amazon launches new seller service to solve supply chain challenges
As part of Amazon’s investment in its warehousing and distribution network to support sellers and improve customer service, the online marketplace has introduced a new solution that allows sellers to use new, purpose-built facilities for bulk inventory storage and automated distribution called Amazon Warehousing & Distribution (AWD). Amazon says AWD ...
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News briefsSports Direct’s owner wants to buy MySale
Frasers Group, the owner of Sports Direct, has made a cash offer for Australian off-price marketplace MySale, in which Frasers Group is already the largest shareholder. Frasers acquired a 28.7 percent stake in MySale earlier this summer, as reported by SGI Europe at the time. The retail group has now ...
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News briefsPeloton Interactive partners with Amazon
Peloton Interactive, weeks after announcing 800 layoffs and on the eve of its fourth-quarter earnings release, has a new distribution deal in place for its bike, guide, select accessories and apparel with Amazon in the U.S. News of the Peloton-Amazon partnership sent shares in the interactive fitness company up 18.5 ...
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News briefsUnited Sports Brands chooses Nogin to optimize e-commerce performance
California-based United Sports Brands (USB) has agreed to a multi-brand Commerce-as-a-Service (CaaS) deal with Nogin, also based in California. CaaS is a cloud-based approach that allows brands and merchants to handle e-commerce while avoiding having to purchase, implement and manage the underlying infrastructure. As part of a three-year agreement, USB ...
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News briefs
Adidas with e-com-linked supermarket pop-up in Singapore
The Straits Times reports that Adidas has partnered with e-commerce platform Zalora, a leading Asian fashion online store, to launch a supermarket pop-up concept in Singapore. The pop-up at a local supermarket at the Bugis Junction shopping center on Victoria Street, which runs until Aug. 12, features exclusive Adidas items ...
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News briefsFacebook Live Shopping shuts down
Source: Meta / Facebook Effective Oct. 1, 2022, retailers will no longer be able to host new or planned live shopping events on Facebook, Meta announced in a blog post. Facebook Live can still be used to broadcast live events, but it will not be possible to ...
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ArticleGlobal gym accessories market growing at 6.2% CAGR to 2031
The global gym accessories industry was estimated at $6.51 billion in 2021 and is expected to reach $12.01 billion by 2031, registering a compound annual growth rate (CAGR) of 6.2 percent from 2022 to 2031, according to a new report by Allied Market Research. The experts said that the growth ...
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News briefsAlibaba appoints two new independent directors
Alibaba Group announced that Irene Yun-Lien Lee, chairman of Hysan Development Company Limited, and Albert Kong Ping Ng, former chairman of Ernst & Young China, have been appointed to the company’s board as independent directors, effective Aug. 4. Following these appointments, the company’s board currently consists of twelve directors, including ...
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News briefsAlibaba’s e-com sales decline
In Alibaba’s first quarter ended on June 30, revenues fell very slightly to 205.6 billion yuan renminbi (€29.7bn) from RMB 205.740 billion a year earlier due to a 1 percent decline in revenues in the China commerce segment to RMB 141.9 billion (€20.5bn), offset by revenue growth of the cloud ...
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ArticleeBay exceeds expectations in Q2, sees ongoing global challenges
Online platform eBay has beat analysts’ earnings expectations in its quarterly report for the second quarter of 2022. According to the board, the e-commerce company’s focus on higher-priced products and the sneaker product category mitigated the impact of spending restraint and weakness in some European markets. eBay forecast revenue between ...
