A Jumia saleman tries to market products to bystanders in Lagos on June 12, 2013. A year after its much heralded debut on the New York Stock Exchange, e-commerce start-up Jumia has shut down in three African states, struggled to turn a profit and got dumped by its original owners, writes former BBC Africa Business […]
Monthly Archives: May 2020
Adapting to the next regular in retail: The customer experience vital
These abrupt shifts have left numerous retailers rushing to successfully serve consumers through other channels. Digital-first and omnichannel sellers have actually rotated more easily, but retailers that prioritized physical stores and face-to-face engagement over omnichannel techniques have struggled to respond. For retailers, the starting point matters in a crisis. Organizations that can rapidly reimagine their […]
African e-commerce giant Jumia cuts expenses, hopes for lockdown increase
FILE IMAGE: Plans set for delivery are seen at the Jumia storage facility in Lagos By Libby George LAGOS (Reuters) – Having a hard time e-commerce platform Jumia Technologies reported a nearly 7 percent fall in first quarter earnings due to supply chain disruptions, particularly in China, however saw lower money burn and indications that […]
COVID-19 And Style And Luxury Retail’s Lost Season
A “Briefly Closed” indication hangs in the window of Nordstrom Inc. shop in the Midtown … [+] area of New York, U.S., on Friday, March 20,2020 Photographer: Gabby Jones/Bloomberg © 2020 Bloomberg Financing LP By now, the devastating impact of the COVID-19 outbreak on retail is becoming well known. March retail sales fell a record […]
7 Innovative Service Ideas in Reaction to Coronavirus
Feature Development Snapshot 7 Innovative Business Concepts in Reaction to Coronavirus 7 Innovative Business Concepts in Reaction to Coronavirus Development Snapshot Here are 7 of our preferred current innovations that might change organisation for the better in the long-run. These are uncertain times, to say the least– top priorities are shifting daily as a worldwide […]
Style shift online gets even as stores resume
View images FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Berlin By Emma Thomasson BERLIN (Reuters) – Retailers selling style online are becoming the winners of the coronavirus crisis as customers are staying at home even as shops begin to resume, arises from major companies showed on Thursday. In contrast, H&M , the world’s […]
Slowdown in America’s retail sector to hit Indian IT firms
BENGALURU: IT services companies may see business from US retailers fall sharply, as some non-essential and luxury brands shut stores and furlough employees, analysts said. Infosys, Cognizant, Tata Consultancy Services and Wipro service the retail sector in the US and analysts said their clients would eventually cut overall IT services budgets. Neiman Marcus, a luxury […]
Why the sharing economy is ‘all up for grabs’ in a world after the coronavirus
Jefferies surveyed 5,500 people across 11 countries to determine how consumers are coping amid the coronavirus crisis. According to the survey released on April 19, an “Urban Exodus” could ensue after the coronavirus ends, with city dwellers decamping for more remote locations. This implication could cause major challenges for companies like Uber (UBER) and Lyft […]
Coronavirus crisis fuels Brazil e-commerce shift as malls suffer
FILE PHOTO: People are seen walking through Iguatemi shopping mall in Sao Paulo By Gabriela Mello SAO PAULO (Reuters) – Brazil’s battered retailers are starting to reopen after weeks of coronavirus lockdown but may exit the crisis transformed, with the e-commerce sector strengthened and brick-and-mortar chains facing an uphill path to normality. That is potential […]
Retailers design masks as clothes pile up
This is the time of the year, usually, in a fashion cycle that lends itself to summery drapes, trendy classics, pretty motifs and floral prints, holding out the promise of a ‘refreshing’ summer collection. Shoppers, predictably, are taken in by this deluge of trendsetting (and instagrammable) fashion statements and buying the latest styles to spruce […]
