All E-Commerce & DTC articles – Page 5
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News briefs
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 ...
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ArticleKKR buys 1-800 Contacts
The investment firm KKR has agreed to buy 1-800 Contacts , the American online retailer of contact lenses, from AEA Investors , which acquired the company in January 2016. No financial details were disclosed but the news agency Reuters cited an unnamed source indicating that the deal ...
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ArticleU.S. delays TikTok ban to Sept. 27 as Trump gives blessing to deal with Oracle, Walmart
The U.S. Department of Commerce said that it has delayed until Sept. 27 the prohibition of the Chinese mobile application TikTok . The department had previously announced that the ban would start today. The decision comes after U.S. President Donald Trump said he had given his “blessing” to ...
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ArticleAmazon: The Janus-faced company
The current Covid-19 crisis has accelerated Amazon ’s consumer goods business exponentially. The Silicon Valley giant doubled its profits in the second quarter of this year and increased its turnover to nearly $89 billion. The share value has also nearly doubled since the middle of March. On Sept. 1, Amazon ...
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News briefs
PayPal to launch buy now, pay later solution in Q4
PayPal , the American online payment provider, announced that it will launch early in the fourth quarter “Pay in 4”, a short-term installment payment scheme for customers in the U.S. The service will permit merchants to be paid upfront while customers can pay for purchases between $30 and $600 over ...
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ArticleGrandVision’s online booking plays key role in customer conversion
GrandVision continues to see lower retail traffic across its business as a result of higher consumer uncertainty. But, this is being offset by higher customer conversion driven by the underlying need for eyecare and brand loyalty, the Dutch eyewear retailer said in comments accompanying its first-half results. The ...
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News briefsYoox, Armani lay out a new distribution model
Yoox Net-a-Porter (YNAP), the fashion online retailer owned by the Swiss luxury group Richemont , is creating with the Italian fashion group Giorgio Armani a new distribution model that will further the partnership between the two companies that have been working together for 20 years. Under the ...
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ArticleVision Expo West cancelled due to Covid-19 uncertainty
The Vision Council and Reed Exhibitions , the organizers of Vision Expo , have decided to cancel Vision Expo West 2020 , that was scheduled to be held in Las Vegas, Nevada, from Sept. 23 to 26 due to ongoing concern about the coronavirus pandemic. The decision comes ...
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News briefs
Julbo launches new B2B platform
Julbo Eyewear is launching a new B2B platform. As reported by sport-guide.com , the new platform enables faster deliveries with cheaper delivery charges. All Julbo and Solar products are available via the platform. The project has been developed internally, with the help of an external consultant, ...
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News briefs
For Eyes, Walgreens set up co-branded website
For Eyes , the U.S. business unit of the GrandVision group, has expanded its partnership with the American drug store chain Walgreens by launching a co-branded website called Walgreens.foreyes.com. In a message on his LinkedIn account, Jorge Gervasi , For Eyes’ managing director, said that the website ...
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News briefs
Online represented one-third of retail sales in the UK in May
In May, the proportion of overall retail sales in the U.K. bought online soared to the highest level on record at 33.4%, which compares with the 30.8% reported in April, according to the Office for National Statistics (ONS). In a survey carried out between May 18-31, the ONS says that ...
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ArticleRinascente launches its online store
Italian upmarket retailer Rinascente , one of the major department store chains in the country, made its e-commerce debut with a dedicated website. The online store features 15,000 products from 650 brands in all product categories, spanning fashion, accessories (including Italian and international footwear and eyewear brands), beauty, food and ...
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ArticleGrandVision sales in reopened stores drop by 13% early June
GrandVision is enjoying a recovery in sales as its stores reopen, but the company has noted that consumers are continuing with e-commerce purchases, especially for contact lenses.
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Article
Hapter may set up a direct-to-client channel in countries not covered by its network
Hapter , the high-end Italian manufacturer that retails it products at €400-500 a pair, is considering the possibility of setting up a direct-to-client sales channel in countries not covered by its network of agents and distributors.
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ArticleWGSN sees three major consumer groups emerging from the crisis
The coronavirus pandemic has accelerated societal changes and is forcing industries worldwide to adapt to the resulting changes in consumption, and WGSN has set out to predict what consumers will be looking for in the next couple of years.
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News briefs
Jimmy Choo, Versace return to last’s year sales levels in China
In April and May , Jimmy Choo and Versace returned to last year’s sales levels in Mainland China, as volumes gradually built up from the end of the coronavirus-related lockdown, while the Michael Kors brand was at 80 percent of last-year’s sales for the period. The three ...
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Article
Facebook wants to become a shopping platform
In response to the current corona crisis with the worldwide closure of many physical shops, Facebook has started to integrate a shopping function into its main social network, as it has already been doing on Instagram . Mark Zuckerberg , founder and chief executive of Facebook, said in a livestreamed ...
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News briefs
Revo partners with johnnie-O
Revo is launching a capsule collection of sunglasses with johnnie-O , the men’s lifestyle brand. The collection comprises four styles, called Pursuit, Venture, Aspire and Wingman. The Revo x johnnie-O capsule collection is sold exclusively on Revo.com and johnnie-O.com.
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News briefs
Mister Spex opens second store in Munich
Mister Spex has recently opened its second store in Munich. The German eyewear retailer has currently 23 brick-and-mortar stores in Germany. The new store covers 80 square meters, stocks more than 680 styles of sunglasses and prescription frames, and offers vision tests and frame adjustments free of charge. Customers ...
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Richemont enjoys strong demand in China but warns that Covid-19 impact may last
As China has become the bellwether on how fast an economy can recover from the Covid-19 crisis, Richemont pointed out that it is currently enjoying strong demand in the country. Nevertheless, it warned that the impact of the virus on the global economy may last a long time.
