All E-Commerce & DTC articles – Page 4
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ArticleHow Serafini is relaunching itself after exiting creditor protection
After seeing €3 million of credits “go up in smoke” for having sold its footwear to financially weak resellers, the Tuscan footwear company Serafini entered a debt restructuring program agreement known in Italy as “concordato preventivo di continuità”, from which it exited early 2022. Serafini was a very successful sneaker ...
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Shein in partnership with ABG’s Forever 21 brand
Authentic Brands Group (ABG) has signed a long-term partnership agreement with Shein for Forever 21, a lifestyle and fashion brand for men and women present globally in 572 locations and online. Through the partnership, the fast fashion online retailer will design, manufacture and distribute a line of Forever 21 apparel ...
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Zalando introduces ZEOS Fulfillment
Zalando is launching the ZEOS brand (short for Zalando E-commerce Operating System), which aims at enabling brands and retailers to manage their multi-channel business across Europe within one unified platform. In October 2022, Zalando piloted a multi-channel fulfillment solution with selected partners, which is now moving under a new dedicated ...
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Online retailers enjoy a surge in footwear sales in Russia
During the first half of 2023, Ozon registered a threefold rise in turnover in the fashion segment. Ozon, Russia’s second largest marketplace, said that footwear and clothing remain one of the fastest-growing categories. In general, the company estimated that half the shoes or other fashion items in the country this ...
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Vagabond expands in Asia with a Tmall concept store
The Swedish footwear brand Vagabond Shoemakers further expands in the Asian market with its own concept store on the Chinese e-commerce platform Tmall, part of the Alibaba Group and one of the world’s biggest marketplaces. The store launches with the brand’s autumn/winter 2023 collection. “We are excited to start ...
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ArticleFitFlop picks Bleckmann as its logistics partner
The London-based footwear company FitFlop selected Bleckmann as its partner to provide omnichannel logistics for its clients in the U.K. and in the European Union. The five-year agreement is designed to support FitFlop’s “rapid growth in its home market while providing scope for streamline expansion across the EU,” according ...
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Steve Madden choses January Digital as its digital agency in North America
Steve Madden has named January Digital as its digital agency of record in North America. The media agency will be responsible for developing and executing Steve Madden’s digital media strategy and investment. In October 2022, Steve Madden hired January Consulting, the consulting arm of January Digital, to transform the brand’s ...
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ArticleSpartoo’s H1 sales decline but earnings improve
In the first half of 2023, Spartoo saw its gross merchandise value (GMV) decrease by 2.6 percent compared to the year earlier to €101.6 million and revenues excluding value-added tax slipped to €72.9 million from €73.9 million. The percentage of GMV generated by brands owned by the French retailer increased ...
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ArticleBoohoo cuts its sales guidance
Boohoo has warned that full-year sales are likely to fall more than expected after a weak first half of the fiscal year. The British online fashion retailer said that in the six months to Aug. 31 revenues fell by 17 percent year-on-year to £729.1 million (€841.2m), with domestic sales down ...
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ArticleBirkenstock valued up to $9.2bn in IPO
Birkenstock has set a value of up to $9.2 billion at the top end of the price range for its initial public offering (IPO), or more than seven times its annual sales. Birkenstock Holding Limited, which is registered in Jersey and has its headquarters in London, has filed for an ...
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Meta reportedly planning to launch paid versions of Facebook and Instagram
Meta is planning to launch a subscription service for ad-free Facebook and Instagram in Europe, according to a report in the Wall Street Journal. The newspaper said the proposal has been made to regulators in recent weeks as it seeks a way to handle European Union rules that threaten to ...
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Cougar Shoes launches a collection with Michelin soles
Cougar Shoes, a Canadian footwear brand, has launched a winter collection featuring Michelin soles. The collaboration delivers footwear that is designed for women and made for ”real outdoor performance,” Cougar Shoes said in a statement, noting that the boots are temperature rated to - 40°C/-40°F. “I am so excited to ...
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Ralph Lauren expands its presence in Canada
Ralph Lauren is expanding Canada with the launch of dedicated digital commerce and the opening of a Ralph Lauren store in the country. The store was opened in Toronto’s Yorkdale Shopping Centre and is the first in a planned expansion in Canada, building on the company’s existing wholesale and outlet ...
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E-commerce sales continue to grow in Europe, but at a slower pace
In 2022, B2C European e-commerce grew to €899 billion, representing a 6 percent growth from 2021, according to the 2023 European E-commerce Report. The growth rate decreased from a 12 percent growth in 2021. The deceleration was attributed to saturation in e-commerce markets after the fading of the Covid-19 pandemic ...
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News briefsAPL’s partnership with True Fit led to 15% drop in returns
A partnership between Athletic Propulsion Labs (APL), an American brand of luxury performance athletic footwear, and True Fit, an artifical intelligence driven fit platform, has led to a 2 percent increase in revenues while reducing fit-related returns by 15 percent on the Shopify platform, the companies said in a joint ...
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ArticleRussian online retailer Lamoda plans to open 300 physical stores
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 ...
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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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ArticleKYX re-emerges as a platform for secondhand sneakers
Rising from the ashes of the sneaker subscription platform KYX World, that 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 ...
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ArticleFootasylum picks NewStore for its omnichannel experience
The British footwear retailer Footasylum has selected NewStore, which provides a German omnichannel cloud platform for retailers, to power its omnichannel experience across some 60 stores in the U.K. “This new partnership builds on Footasylum’s modern technology architecture, which also includes Talon.One, a promotion and loyalty automation solution. Together, NewStore ...
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ArticleShein calls for review of U.S. “de minimis” trade rule in a move to stem criticism
Shein, the Singapore-based online fashion retailer, has proposed to work with the U.S. retail industry in order to jointly propose a new framework for Section 321 of the Tariff Act of 1930, known as the “de minimis” exemption. The company said that in a letter sent to the American Apparel ...
