All E-Commerce & DTC articles – Page 7
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News briefs
Zalando to introduce a basic fee, hike marketplace commissions
According to information from various media for online retailers, Zalando will soon be introducing a new fee schedule. Previously, the Zalando platform only charged commissions for successful sales. As of July 1, Zalando is implementing a basic fee of €480 per year for its marketplace. The basic fee applies both ...
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ArticleFarfetch Q4 sales dip 5%, profits squeezed but company sees ‘solid’ start to 2023
Farfetch reported a decline in revenues and gross merchandise value in the fourth quarter of 2022, a year marked by “unprecedented macro headwinds”, but said it was on better footing in 2023 after completing a strategic revamp and confirmed its guidance for growth in gross merchandise value (GMV) and an ...
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Article
Online footwear sales plummeted in 2022 in Germany
Online sales plummeted in Germany in 2022 as the Ukraine war took its toll on consumer spending, with the footwear sector bearing the brunt of the downturn, a survey from the association of e-commerce and mail order trade, BEVH, showed. E-commerce sales in Europe’s biggest economy dipped last year ...
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News briefsAlibaba reports improved results despite challenges
Despite softer demand and supply chain and logistics disruptions, Alibaba reported revenues and profits for Q3 that exceeded Wall Street estimates. Revenues increased by 2 percent to 247.8 billion yuan renminbi (€34.1bn) from RMB 242.6 billion for the period ending Dec. 31. The Chinese e-commerce behemoth said in a statement, ...
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ArticleZalando to axe several hundred jobs
Zalando plans to cut several hundred jobs due to a more “challenging” business environment. The Berlin-based online fashion retailer employs 17,000 people. “We have decided to start a program that will remove several hundred overhead roles across many of our teams,” the company said in a message to staff. “Over ...
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News briefs
U.K. online footwear sales rise 4.7%
Footwear posted a 4.7 percent year-on-year rise in online sales in the U.K. in January, the only subcategory in clothing to enjoy an annual increase during the month, according to the IMRG Online Retail Index. Total online sales in clothing were down by 4.5 percent year-over-year in January. Overall ...
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ArticleSosandar enters a distribution deal with Sainsbury’s
The British fashion brand Sosandar has entered into an agreement to sell a selected collection of its products through the British retailer Sainsbury’s, providing it with an omnichannel presence. Thanks to the wholesale agreement, a range of women’s items will start being sold through Sainsbury’s during 2023, initially online only ...
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ArticleBoohoo lowers its guidance on declining sales
Boohoo has lowered its full-year revenue guidance after sales fell sharply in the last four months of 2022 due to longer delivery times and shoppers returning to physical stores. But more worrisome, the British online fashion retailer is losing market share in the U.S. and Continental Europe. Company’s sales fell ...
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ArticleC-Suite interview: NeroGiardini aims to double in three years its sales from the Covid-19 trough
After three difficult years, that led to a significant reduction in sales, NeroGiardini is focusing on new markets to sell its wholly Italian made footwear. This year the Italian company will be entering the South Korean market.
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News briefs
StockX breaks records in 2022, reveals most traded sneakers
In a new report, Detroit-based resale platform StockX details the top-traded and fastest-growing brands on its platform over the last year. StockX’s annual report – Big Facts: Current Culture Index 2023 – notes that the company surpassed 1.5 million lifetime sellers, 12 million lifetime buyers and 40 million lifetime trades ...
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ArticleHotter Shoes’ parent issues profits warning after ‘disappointing’ H2
Unbound Group, the British company that owns Hotter Shoes, has issued a profits warning and said it would review operations after a weaker second half. The company, which focuses on the over 55-year-old customer demographic, expects to report an adjusted pre-tax loss for the year to Feb. 5 of £4.25-4.75 ...
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News briefs
YNAP fined €5.25m in Italy for alleged misleading pricing, limiting returns
Italy’s antitrust authority has fined Yoox Net-a-Porter (YNAP) €5.25 million for allegedly misleading prices and limiting the right to return merchandise during a period running from 2019 to 2022. In particular, the regulator claims that the company limited consumers’ right to return merchandise by unilaterally blocking completed online orders, without ...
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ArticleChinese brands eye the Russian market
Numerous Chinese brands plan to enter the Russian market, eyeing the empty space left by Western companies, the Russian newspaper Izvestia reported, citing sources in the Russian Union of Shopping Centers. At the end of 2022, Chinese companies already accounted for 15 to 20 percent of the shopping floor in ...
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News briefs
Amazon to close 3 U.K. warehouses
Amazon plans to shut down three warehouses in the U.K. as part of a restructuring of its logistics business in the country. The closure of the warehouses located in Hemel Hampstead, Doncaster and Gourock will impact 1,200 jobs, but people will be given the possibility to transfer to other units. ...
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News briefs
Meta not allowed to use personal data for advertising
Facebook owner Meta will no longer be allowed to use the personal data of its users in Europe for advertising personalization without being asked. This was the decision of the responsible Irish data protection authority DPC. At the same time, the authority imposed a fine of €390 million. According to ...
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News briefs
Re:store acquires fashion and lifestyle marketplace Trouva
Trouva, a London-based online marketplace focused on showcasing independent boutiques and brands focused on homewares, fashion and lifestyle, has been acquired by Cambridge-based startup Re:store from its previous owner, the clothing brand Next. Terms of the deal were not disclosed. In its press release, Trouva states that Re:store’s goal with ...
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News briefs
Amazon to lay off 18,000 people
Amazon will lay off over 18,000 employees, with the majority focused on Amazon Stores and the People, Experience, and Technology (PXT) organizations, announced Andy Jassy, the company’s CEO. The U.S. online retailer plans to start talking to employees or representative bodies from Jan. 18. “Amazon has weathered uncertain and difficult ...
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ArticleEU court rules that Amazon may be liable for sale of counterfeit Louboutin shoes
Amazon has been dealt a blow after the Court of Justice of the European Union (CJEU) ruled that the U.S. online retailer may be liable for alleged intellectual property breaches by advertising counterfeit Louboutin shoes on its store. Two lower courts in Luxembourg and Belgium had referred a case ...
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News briefs
Spartoo’s TooPost gains nearly 50 clients in 2022
Spartoo said that its TooPost service has gained nearly 50 clients in 2022. The service now has more than 165 e-merchants as customers. TooPost, which offers an end-to-end transport service, delivers more than 4 million packages every year, at least 98 percent of which are delivered within the specified time, ...
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News briefs
Musk to step down as Twitter CEO when successor found
Elon Musk said he would step down as chief executive of the social media platform Twitter once he has found a replacement. The announcement follows a poll Musk launched on the platform that showed that users wanted him to resign. Musk has owned Twitter since Oct. 27 and has been ...
