All E-Commerce & DTC articles – Page 4
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News briefs
Ozon enjoys a successful IPO
The e-commerce giant Ozon went public on Nov. 24 on the Nasdaq stock exchange in New York, and enjoyed one of the most successful initial public offerings (IPO) for a Russian business in years. The company managed to sell 33 million shares at $30 each, raising $990 ...
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Decathlon's Quechua brand offers prescription sunglasses
Quechua , Decathlon ’s private label of outdoor products, has introduced a model of sunglasses fitted with corrective lenses. The MH580 is intended to meet the needs of the many outdoor enthusiasts who suffer from vision problems. The new prescription sunglasses are sold exclusively on a digital platform at ...
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Record Cyber Monday in the U.S.
Online shopping in the U.S. reached $10.8 billion on Cyber Monday, according to Adobe Analytics . It was a 15.1 percent increase on the previous year and a daily record for online shopping in the country. Online shopping reached $5.1 billion on Thanksgiving and $9.0 billion on Black Friday, ...
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British delivery service fears uncontrollable Black Friday
London-based delivery service ParcelHero said that it’s forecasting an £8.49bn (€9.5bn-$11.5bn) monster Black Friday to Cyber Monday weekend. It warns that stores must learn from the disaster of Black Friday 2014 or delivery chains could snap once again this year. In 2019, Britons spent a ...
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Russian Post will deliver abroad goods bought on Wildberries
Russian Post has inked a contract under which the state-owned mail operator will deliver goods purchased on Wildberries ’ online store to customers outside of Russia. In Armenia, Belarus, Kazakhstan and Kyrgyzstan, where Wildberries has strong positions, Russian Post will deliver orders to the post offices of its ...
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Safilo launches new B2B platform in Europe
Safilo has launched a new B2B platform called You Safilo and a new customer relationship management system with the support of the American software company Salesforce . The Italian eyewear company was also assisted by the web designer WIP Italia and by the consultancy group Accenture . ...
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Farfetch, Alibaba, Richemont, Pinault family form a formidable alliance in digital sales
Farfetch , Alibaba , Richemont and the Pinault family, which owns the French luxury goods company Kering , have entered a global partnership with the declared intent of providing luxury brands with “enhanced access” to the Chinese market as well as accelerating the digitization of the global ...
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Alibaba grows by 30% in Q3
Confirming a recovery from the first wave of the Covid-19 pandemic in China, the Alibaba Group reported a 30 percent increase in overall revenues to 155.1 billion yuan renminbi (€19.9bn-$23.5bn) in the third quarter, leading to a rise of 28 percent in adjusted Ebitda to RMB 47.5 billion ($6.1bn-$7.2bn). ...
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Amazon Q3 sales up 37%, net profit triples
Amazon ’s third-quarter sales grew by 37 percent to $96.1 billion. They were boosted by booming online transactions during the coronavirus crisis worldwide, which prevented or discouraged shoppers from purchasing in physical stores. Excluding a $691 million favorable impact from year-over-year changes in foreign exchange rates during the quarter, sales ...
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3Z launches nationwide Russian online store
The Russian eyewear retailer 3Z has launched an online store, which offers delivery all over the country, including the remote, hard-to-reach regions of the far north. No other Russian eyewear retailer is currently operating nationwide. 3Z is one of Russia’s biggest ophthalmological networks, operating 33 diagnostic centers and ...
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Klarna snaps up Woilà
Klarna, the Swedish online payments group which offers ”buy now, pay later” solutions, has acquired the technology and team of the startup Woilà , whose app allows consumers to get refunds if the price of a product falls after an online purchase is completed. Klarna said the acquisition, for ...
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French economy risks “collapse” with new lockdown
A new total or partial Covid-19-related lockdown could lead to a “collapse” of the French economy, according to the Confederation of Small and Medium-sized Enterprises ( CPME ). CPME warned that companies are currently “much weaker” than in March, when the government introduced a lockdown, and many, especially the ...
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Russian Post launches bonded warehouse pilot project
The Russian state mail operator Russian Post announced a pilot project to set up bonded warehouses, where goods liable to customs can be stored and handled without payment of duty. In the future, these warehouses could manage half of all sales of foreign online stores present in the ...
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YouTube is testing shopping features
Google is testing the idea of turning YouTube into an e-commerce platform, according to a Bloomberg report. YouTube is currently testing through a limited number of channels the option to buy items that feature in videos. The ”goal is to convert YouTube’s bounty of videos into ...
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Global talks on digital tax prolonged to 2021
The 137 countries involved in talks on base erosion and profit shifting (BEPS) due to the digitalization of the economy have agreed to keep working towards an agreement on the taxation of digital companies by mid-2021, thus acknowledging that they will fail to strike a deal by the end of ...
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Vam Investments buys 80% of Demenego
The Milan-based private equity Vam Investments has bought an 80 percent stake in Demenego , an Italian eyewear producer which also manages 16 points of sale. The De Menego family will retain a 20 percent interest in the company, which posted sales of €23 million in 2019 and ...
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New B2B platform by Bollé Brands
Bollé Brands has started implementing a new digital B2B program, consecutively in Europe and the U.S., as a service to its retail clients. It involves a new internet platform with clear product descriptions and intuitive ordering tools, supported by an advanced ERP system and inventory management program. Monitored by ...
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Alibaba in partnership with the duty free retailer Dufry in omnichannel drive
The Chinese e-commerce group Alibaba has entered into a partnership with the Swiss duty free retailer Dufry that will further integrate online and offline shopping. The parties will form a strategic joint venture in China, and Alibaba will become a minority shareholder in Dufry.
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Ant Group debuts cross-border trade platform
Chinese fintech company Ant Group , part of e-commerce giant Alibaba , launched an international trade and financial service platform powered by its blockchain-based technology solution AntChain to facilitate the cross-border sale of products and services by small and medium enterprises (SMEs) and to reduce costs for financial institutions serving ...
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GlassesUSA to sell capsule collection by Champion
GlassesUSA.com will be the near-exclusive online retailer for a new unisex eyewear capsule collection by Champion , the American sportswear brand. Certain sunglass models will be sold through Champion’s website as well. Consisting of 18 eyeglasses and 14 sunglasses – with retail prices starting at $220 and $160 respectively ...