All E-Commerce & DTC articles – Page 18
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ArticleThe Russian government may begin subsidizing online shoe exports
Russian marketplaces may be eligible to government subsidies for sales abroad, the Russian Industry and Trade Ministry said in a statement on its website. The government plans to spend 1.5 billion rubles (€16.3m-$19.7m) to support such exports between 2021 and 2023, but this figure is likely to be adjusted in ...
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ArticleU.K.-EU trade heavily affected by Brexit, worse may be ahead
Brexit has complicated life for merchants in the European Union exporting to the U.K., which highlights new paperwork requirements, higher administrative costs, delivery delays and uncertainty about what the rules of the game are now that the U.K. is no longer a member of the single market since Jan. 1. ...
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News briefsZalando joins the Ellen MacArthur Foundation
Zalando has joined a circular economy network by becoming a member of the U.K.-based Ellen MacArthur Foundation. The German online retailer said that the collaboration is in line with its commitment to apply the principles of circularity and extend the life of at least 50 million fashion products by 2023. ...
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ArticleBoohoo in exclusive talks to buy three Arcadia brands
The British fast-fashion online retailer Boohoo is in exclusive discussions with administrators regarding the acquisition of three Arcadia-owned brands: Dorothy Perkins, Wallis and Burton. In a filing with the London Stock Exchange, Boohoo stressed that no deal is guaranteed. The acknowledgement came after Sky News revealed that talks were ongoing ...
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ArticleDigital natives are the most frequent cross-border e-commerce shoppers
A recent survey by eShopWorld, a privately held Irish company headquartered in Dublin with offices around the globe that provides a technology platform for brands and retailers looking to sell online to global markets, found out that younger, digitally native consumers aged 25 to 34 are the group that most ...
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Article
Mastercard hikes fees on U.K. e-commerce purchases from EU
Mastercard is preparing to increase fees charged to EU merchants when British cardholders buy their goods online by at least 400 percent, a move it said is being made due to Brexit and could lead to higher prices for consumers should merchants decide to pass on the higher costs of ...
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News briefs
Google probed by the EU
Google is under dual investigations in the European Union for allegedly abusive practices in its advertising business. This month, according to Reuters, anti-trust regulators for the EU have sent to a number of advertisers a 13-page questionnaire regarding the “Include Google Display Network” default setting for search campaigns on Google ...
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ArticleBoohoo, Asos make moves on top U.K. brands
The British online fast fashion retailer Boohoo has acquired all of the intellectual property assets, including customer data and related business information and selected contracts, of the U.K. department store chain Debenhams, which is currently under administration, for £55 million (€75.3m-$69.1m), plus value-added tax, in cash. The purchase does ...
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News briefs
Wildberries faces strong demand for traditional Russian footwear
In the first weeks of 2021, Wildberries, Russia’s largest online retailer, registered a hike in demand for traditional Russian winter shoes such as felt boots and galoshes. According to the company, in early January demand in this segment grew by 60 percent compared to the same period in 2020. The ...
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News briefs
Wildberries enters the German market
Wildberries, Russia’s biggest online retailer, has just rolled out its online store in Germany (de.wildberries.eu). Germany brings the number of markets in which the company operates up to ten. Wildberries began its expansion in Europe in 2020, starting with an online store in Poland. Most recently, it also entered the ...
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Article
Artémis invests in Goat Group
Groupe Artémis, which controls the Kering luxury group while remaining the biggest shareholder in Puma, has made an unspecified investment in the Goat Group, the online auction-based sneaker reseller. The idea is to help accelerate Goat’s growth, expanding its international reach and diversifying its business in the luxury sector, where ...
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Article
DPD resumes U.K. road services to EU after Brexit customs delays
The parcel carrier DPD has resumed its road service from the U.K. to the European Union after resolving customs clearance problems caused by post-Brexit administration rules. The U.K. left the single market on Dec. 31, 2020. The company had suspended operations in the first week of the month and planned ...
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News briefs
Mytheresa IPO to raise $407m
The initial public offering (IPO) of the parent company of Mytheresa, a Munich-based online retailer of luxury fashion, is due to raise nearly $407 million. The transaction values the company $2.2 billion. The company started trading on the New York Stock Exchange on Jan. 21 and the offering is expected ...
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News briefs
DB Schenker resumes shipments to the U.K.
On Jan. 21, the German logistics group DB Schenker resumed shipments to the U.K. from the European Union after having suspended them for over a week due to the red tape introduced after the U.K. left the single market on Dec. 31. The company, which is owned by the German ...
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News briefs
Italian post office buys a Chinese e-commerce services provider
The Italian postal and financial services group Poste Italiane and Cloud Seven Holding have signed a binding deal to reinforce their partnership in e-commerce services between Italy and China. Under the deal, Poste Italiane will buy 51 percent of the voting capital of Sengi Express, a wholly-owned unit of Cloud ...
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News briefs
Shoes.com merger with Running Specialty Group completed
CriticalPoint Capital (CPC), a Californian private investment firm, said that it has completed the merger of the recently acquired Shoes.com business with its existing business Running Specialty Group, which operates the footwear and athletic specialty retailers JackRabbit, Olympia Sports and Clever Training. The group has some 130 retail stores across ...
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News briefsAsos to create 2,000 jobs for new £90m U.K. fulfilment center
The fashion online retailer Asos has unveiled plans to invest £90 million (€99.7m - $122.4m) in a new U.K. fulfilment center where it hopes to employ 2,000 people over the next three years. Asos said the 437,000 square foot warehouse in Staffordshire, West Midlands, which is being developed by AEW ...
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ArticleANWR takes resellers to the Netherlands through Amazon.nl
The German footwear buying group ANWR is making it easier for its partners to sell on Amazon in the Netherlands. Since the beginning of December, all resellers operating on the German Amazon marketplace through the e-commerce control tool Qualibet, which is run by ANWR Group’s unit ANWR Media, can ...
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ArticleIndustry Insights: How to find new B2B business in a digitalized market
The past spring created for most of us a feeling of pandemic panic and business paralysis. Offices were shut down and most employees were asked to work from home. From a pure productivity perspective, it gave a temporary feeling of winning back control of time. Time freed up from commuting ...
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News briefs
StockX valued $2.8 bn in new financing round
StockX, the online reseller of sneakers and other cult products, has raised an additional $275 million in a Series E funding round that values the Detroit-based company at $2.8 billion. StockX says its sales were up by 75 percent to more than $100 million in the third quarter, leading to ...
