All Marketplaces & E-tailers articles

  • Big Facts top
    Article

    StockX reveals the most traded and fastest growing brands

    2024-01-19T08:13:00Z

    StockX’s annual report entitled “Big Facts: Current Culture Index” was released on Jan. 17 and shows the most traded and fastest growing brands on the platform over the past year, including Asics, Ugg and Arc’teryx. The resale platform reached major milestones in 2023, surpassing 50 million lifetime trades, 15 million ...

  • Dimitrios Jimmy Lessen, Snipes USA new CMO
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    Snipes USA CMO retires, successor already found

    2024-01-19T08:12:00Z

    Source: Snipes Dimitrios “Jimmy” Lessen Global sneaker and streetwear retailer Snipes announced the retirement of Brian Forde, Group Chief Merchandising Officer in the US, effective June 30, 2024. After 40 years in the sneaker industry, Forde is stepping down to begin his well-deserved retirement. Forde began his ...

  • Dennis Schroder_Sven Voth
    Article

    Founder of Snipes steps down as CEO

    2024-01-12T14:27:00Z

    Sven Voth, the founder of sneaker specialist Snipes SE, is handing over his position as CEO to Dennis Schröder, who has been the company’s General Manager since April 2023. Schröder will immediately assume responsibility for the business of the internationally operating sneaker and streetwear retailer. Voth will remain with the ...

  • AliExpress_logo_Logo
    Article

    AliExpress publishes report on general online shopping landscape in Europe

    2024-01-08T14:08:00Z

    AliExpress, the international online retail marketplace of Alibaba International Digital Commerce Group, has published its first Consumer Insights Report examining the online shopping landscape in Europe. The report surveyed consumers in France, Germany, Spain and the UK and aimed to uncover key trends and insights into European consumers’ online behavior ...

  • alibaba-logo-elements
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    Management changes at Alibaba

    2023-12-22T09:29:00Z

    Chinese e-commerce giant Alibaba Group has announced the appointment of Eddie Yongming Wu as Group CEO and Chairman of Taobao and Tmall Group with immediate effect. He will also serve as CEO of the two subsidiaries. He replaces Daniel Zhang, who is resigning from the group’s executive positions to focus ...

  • Farfetch
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    Farfetch acquired by Coupang

    2023-12-18T16:19:00Z

    Luxury fashion online retailer Farfetch has been acquired by South Korean e-commerce company Coupang for an undisclosed sum. Coupang has already founded a company called Athena Topco LP together with the financial firm Greenoaks Capital Partners LLC for the purpose of the takeover. The deal reportedly provides the ailing luxury ...

  • alibaba-logo-elements
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    Alibaba invests another $630m in Lazada

    2023-12-18T15:37:00Z

    China’s Alibaba Group Holding has invested an additional $634 million into Singapore-based e-commerce subsidiary Lazada to drive additional growth and compete against TikTok and others in the Southeast Asian market. TikTok, which is owned by Chinese technology group ByteDance, has announced that it will acquire a 75 percent stake in ...

  • KyrieIrving
    Article

    Irving invests in sneaker marketplace Kicks Crew

    2023-12-12T16:51:00Z

    Kicks Crew, a global sneaker and apparel e-commerce platform founded in 2013 and based in Los Angeles, California, has secured international basketball athlete, artist and actor Kyrie Irving as an investor. The athlete, sponsored by Chinese sporting goods brand Anta and also serving as the brand’s Chief ...

  • sbermegamarket
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    Russian major marketplace kicks off sporting goods project

    2023-12-08T13:59:00Z

    Source: megamarket.ru Konda footwear Megamarket, a marketplace developed by Russia’s biggest state bank Sberbank (formerly communicated as SberMegaMarket), has launched its sporting goods brand Konda. So far, it includes only five shoes for running, but the company promises to gradually expand the offered range. By the end ...

  • Farfetch
    Article

    Alibaba’s president steps down from Farfetch board

    2023-12-07T17:54:00Z

    J. Michael Evans, President and board member at Alibaba, has resigned from the board of directors at Farfetch, according to a company filing with the US Securities and Exchange Commission (SEC). Farfetch qualifies the resignation as being “in furtherance of the arm’s length commercial relationship” it has maintained with Alibaba ...

  • Farfetch
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    Farfetch suspends Q3 results

    2023-11-30T11:54:00Z

    Luxury fashion platform Farfetch Limited has announced that it will not be announcing its financial results for the third quarter of 2023. Accordingly, the related conference call on Nov. 29 was also canceled. The company expects to provide a market update in due course. At the moment, no forecasts and ...

  • alibaba-logo-elements
    Article

    Alibaba’s founder mulls cutting stake

    2023-11-23T10:00:00Z

    Jack Ma, founder of the Chinese e-commerce giant Alibaba, is weighing whether to sell 10 million shares in the company through his family’s trust and re-invest the proceeds in agriculture and public welfare projects. Ma disclosed his potential transaction in a regulatory filing on the same day that Alibaba reported ...

  • 1280px-Adevinta-logo.svgz
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    eBay supports voluntary offer to acquire Adevinta

    2023-11-22T15:28:00Z

    eBay has announced its support for the voluntary tender offer led by Permira and Blackstone for all publicly traded shares of Adevinta, a publicly traded Norwegian company and the world’s largest operator of online classifieds portals. Under the terms of the transaction, eBay would sell 50 percent of its shares ...

  • eBay-Logo
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    ​eBay exceeds expectations in Q3

    2023-11-08T17:14:00Z

    eBay Inc. reported revenue of $2.5 billion, up 5 percent on an as-reported basis and up 5 percent on an FX-neutral basis, for its third quarter ended Sept. 30, 2023. “We delivered another quarter of solid results and have accelerated the pace of innovation across eBay,” said Jamie Iannone, Chief ...

  • amazon-logo
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    Amazon posts 13% sales increase and more than triples net income in Q3

    2023-11-04T07:22:00Z

    Amazon posted net sales of $143.1 billion in the third quarter ended Sept. 30, 2023, representing an increase of 13 percent compared with Q3 2022. Excluding the $1.4 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, the sales increase was 11 percent. International sales increased ...

  • Zalando_logo.svgz
    Article

    Zalando turns nine-month net profit

    2023-11-02T15:16:00Z

    Berlin-based e-tailer Zalando reports a net profit of €10 million against a €82.7 million loss in the year-ago period. The group described the first nine months of its financial year as “characterized by the normalization of e-commerce penetration, ongoing pressure on consumers’ disposable income, and a delayed fall/winter season start ...

  • tingey-injury-law-firm-6sl88x150Xs-unsplash
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    Collaboration between Amazon and luxury brands leads to guilty plea from international counterfeiter

    2023-10-26T07:04:00Z

    Information and evidence provided by Amazon’s Counterfeit Crimes Unit (CCU) and other luxury brands, including the Prada Group, to Chinese law enforcement has led to a counterfeit seller’s guilty plea to crimes related to the sale of counterfeit luxury products. Amazon has described the collaboration as “a unique and landmark ...

  • Amazon-Logo
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    Amazon to launch in South Africa in 2024

    2023-10-18T08:33:00Z

    Amazon announced that Amazon.co.za will launch in 2024, offering South African sellers the opportunity to reach customers across the country starting next year. Amazon says that more than 60 percent of sales on its store are made by independent sellers, most of which are small and medium-sized businesses that offer ...

  • Lamoda Russia
    Article

    Major Russian marketplace unveils ambitious plans for sporting goods retail development

    2023-09-22T08:18:00Z

    Major Russian marketplace Lamoda plans to invest 30 billion rubles (€300m) over the next three years to open 300 brick-and-mortar stores in the country, partly taking over a former Adidas branch. The first 50 stores are expected to be operational by the end of 2023, a source close to the ...

  • Sportmaster Logo Russian
    News briefs

    Sportmaster launches Russia’s first sporting goods marketplace

    2023-09-21T12:46:00Z

    Russia’s largest sporting goods retailer, Sportmaster, has rolled out the country’s first marketplace focused exclusively on the sale of sporting and outdoor goods. The service was launched on Sportmaster’s website in the form of a separate page. The marketplace does not yet have a standalone name, and so far only ...