With the new year truly underway, retailers around the world are putting their game faces on for a volley of fresh challenges. From ever-changing consumer behaviors to emerging technologies, market fluctuations, and shifting regulations to convoluted trade dynamics, retailers will have to square off with a new retail game in 2025. Thriving...
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Online department store Freemans is looking to onboard more fashion, beauty and home third-party brands with the launch of a new ‘Brand Studio’ programme. The Bradford-based online retailer said it is open to pitches from both up-and-coming brands and established big-brand names, irrespective of size, to join the UK’s ‘fastest growing’ digital...
For fashion retailers, returns are associated with enormous time and cost expenditures. Those who find ways to reduce the volume of their returns save money for themselves and time and trouble for their customers. Onsite personalisation, i.e. a personalised AI-supported webshop, can help. When it comes to returns, the fashion industry is hit...
A new company has joined the payment plan movement with Klarna. The Swedish company announced its partnership with online fashion retailer Romwe on Mar. 10. As a fashion company that provides clothing, accessories, and lifestyle items to its consumers at affordable price points, Romwe will continue to give its customer on-trend, fashion-forward...
New York - Analysts at Forrester Consulting estimate in their latest report that online retail in South East Asia will grow at a compound annual growth rate (CAGR) of 23 percent, reaching a total valuation of 53 billion dollars over the next five years. The unstoppable smartphone penetration and fast-growth economies are some of the key factors...
China has long been at the forefront of technological innovation, and it seems that when it comes to e-commerce, the country is paving the way for a future dominated by online retail. The 2018 Global Ecommerce Report, conducted by the Ecommerce Foundation, found that China was the country that spent the most money each year on buying goods...
With 500 million online shoppers, China is estimated to exceed the 1 trillion dollar mark in online sales in 2018. However, only 20 percent of retailers feel confident in their capability to succeed in the Chinese e-commerce market, according to a survey conducted by consulting firms Frost & Sullivan and Azoya Consulting. The two consulting...
India's battle of online retailers has just gotten more interesting with Snapdeal co-investor Nexus Venture Partners (NVP) agreeing to sell the e-commerce portal to Flipkart; this week itself could see the signing of a term sheet. Japan-based Softbank, with a share of 30 percent the largest shareholder in Snapdeal, had already secured permission...
Australians spent 2.4 billion AUD online in 2015 for men's and women's clothing. As reserach firm Roy Morgan Research found out, while those shopping for womenswear seem to prefer local vendors, for menswear, international sites dominate. Interestingly, there is a gender divide when it comes to local versus global preferences. “There is clear...