All E-Commerce & DTC articles – Page 2
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ArticleFootway transfers e-commerce business to new corporate group
Footway Group AB announced on July 4 that it is separating the company’s e-commerce business as part of a strategic review. The separation is in line with the Swedish company’s efforts over the last four years to split e-commerce and platform into separate business areas. The company’s platform has grown ...
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Hogan offers the best customer service in Italy among footwear firms
Hogan was voted the footwear company offering the best customer service in Italy, according to Statista’s survey Italy’s Best Customer Service 2024/2025. With a score of 9.06 points, the brand, which is part of the Tod’s group, is among a cohort of 20 companies from different categories to have a ...
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ArticleRohde starts building up its US sales team
Rohde has hired its first agent in the US, who will cover the northeast of the country from Pennsylvania to Maine. The German footwear producer of slippers and sandals aims to hire a couple more agents by the end of the year to cover the southeast and the Midwest. “The ...
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ArticleVelasca plans new store openings but pushes back its €100m sales target
Velasca, an Italian startup launched in 2013 by Jacopo Sebastio, the chief executive officer, and Enrico Casati, continues to enjoy strong growth thanks to the extension of its product line and store openings, but warned that it may take longer than expected to reach its annual revenue objective of €100 ...
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Shein’s London IPO seen at risk due to forced labor allegations
Shein’s attempt to be listed on the London Stock Exchange (LSE) could be undermined by allegations that part of the supply chain of the Singapore-based online fashion retailer uses forced labor, according to Interactive Investor’s head of markets, Richard Hunter. Hunter believes that the British financial market regulator, Financial Conduct ...
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ArticleTemu and Shein gain popularity in Germany
Asian e-commerce platforms such as Temu, Shein and others are experiencing significant growth in Germany as they increasingly attract consumers with their competitive pricing, diverse product selections, and engaging shopping experiences, according to the latest Trend Check Retail report from ECC Köln, which surveyed 500 consumers in mid-April 2024. ...
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News briefs
White Mountain expands into men’s, boys’ footwear
White Mountain is expanding into men’s and boys’ footwear as it continues to diversify its product range since its acquisition by American Exchange Group in January 2023. In June 2023, the brand introduced its girls’ footwear line, departing from its emphasis on women’s footwear. The men’s collection ranges from dress ...
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ArticleMarketplaces increasingly important in German e-commerce
Marketplaces are playing an increasingly important role in German e-commerce and shoppers rely more and more on their smartphones to make purchases, according to a survey from HDE, the German trade association. In 2023, sales via online marketplaces accounted for more than half of total online sales in Germany (54 ...
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ArticleGerman brick-and-mortar shoe retail grows, online sales drop slightly
Brick-and-mortar footwear sales grew in 2023 in Germany, as online retail slowed down after the Covid lockdowns ended and consumers returned to physical stores, a survey showed. While the footwear market has steadily grown since 2021, brick-and-mortar retail still remained below the pre-pandemic levels of 2019, according to the ...
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News briefs
Otto opens new headquarters in Hamburg
The German mail order company Otto has opened its new headquarters in Hamburg. The company invested over €100 million in the project. “Over a five-year construction period, a warehouse built in 1969 was transformed into a state-of-the-art New Work environment. In future, a total of 1,600 workstations, 170 meeting ...
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ArticleCard payments are increasingly popular in Germany
Card payments are becoming more and more popular in Germany. Last year, cashless transactions in the country reached record levels, with sales in brick-and-mortar retail exceeding €300 billion, a survey from the EHI research institute showed. Payment habits changed significantly during the Covid-19 years, and the shift largely persisted ...
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News briefs
German online footwear sales stabilize in the first quarter
Online clothing sales in Germany fell slightly in the first quarter of 2024, but footwear logged a small increase, a survey from the Federal association of e-commerce and mail order trade, BEVH, showed. While online sales of clothes dropped by 1.2 percent to €3.286 billion in the first quarter ...
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ArticleAsos’ losses widen but excess stock cuts ahead of target
Asos’ half-year losses widened as the British online fast-fashion retailer continued to deal with competition from its Chinese rival Shein, but it was ahead of target on shifting the mountain of excess stock built up during the Covid-19 pandemic. The company reported an adjusted loss before tax of £120 million ...
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News briefs
P.F. Flyers partners with Revolve.com
P.F. Flyers, an American lifestyle shoe brand, is partnering with the fashion retailer Revolve in what it qualified as a “significant step” in its expansion beyond direct-to-consumer into wholesale distribution. With the partnership, P.F. Flyers’ Desert Adventure collection is sold exclusively on revolve.com since April 8. P.F. Flyers will also ...
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ArticleHow Fibbl aims to reduce returns, increase conversion rates with 3D models, AR technology
The Stockholm-based startup Fibbl states that its photorealistic 3D models and augmented reality technology for e-commerce can help footwear brands using its services tackle problems with high returns while also increasing conversion rates. Founded in 2021 by Henrik Arlestig and Johan Bertilsson, two childhood friends with over a decade of ...
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ArticleTamaris plans to expand its Russian store network
By the end of 2024, Wortmann plans to add 15 doors to its existing network of 60 Tamaris stores in Russia and take several other steps to gain a better foothold in the country. Friedrich Naumann, CEO of Wortmann Vostok, said that the brand intends to open new stores ...
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ArticleC-Suite interview: Palmroth plans to double its sales in three years
Palmroth is a family-owned footwear company based in Tampere, Finland, whose history dates back to 1928. Largely centered on winter shoes, the brand aims to double its sales volumes within the next three years. Run by Mikko Palmroth, who represents the third generation at the helm, the company sells annually ...
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ArticleAsos’ sales plunge 18% in the first half but guidance maintained
Asos reported a sharp fall in sales for the first half of its fiscal year due to slowing demand and large discounts to clear excess stock, but the British online fashion retailer insisted that its turnaround plan was on track and maintained annual guidance. Sales plunged by 18 percent in ...
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ArticleSpartoo posts a positive free cash flow
Spartoo booked a positive free cash flow of €0.7 million in 2023, compared with a negative €23.6 million in 2022, due to a reduction in working capital, thanks to a decrease in inventories, as well as a drop in investments to €1.3 million from €2.9 million. The group’s inventory fell ...
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ArticleZalando aims to resume growth and cover 15% of the European fashion market
Zalando posted lower sales in 2023 but expects to at least stabilize revenues this year and resume growth from 2025. The German online fashion group also outlined its long-term plans to cover 15 percent of the European fashion market. In 2023, the gross merchandise volume (GMV) decreased by 1.1 percent ...
