Image copyright Getty Images The two CEOs of Jumia revealed earlier this month that they were taking a 25%pay cut to support the online merchant manage expenses throughout the coronavirus pandemic. In 2019, the duo and the company’s chief financial officer collectively earned $5.3 m (₤ 4. A silver lining arrived with lockdowns that shut […]
Monthly Archives: May 2020
Should Neiman Marcus Exist?
Editors’ note: On May 7, 2020, the Neiman Marcus Group filed for Chapter 11 bankruptcy protection. This is the exclusive backstory of how, in the months ahead of the coronavirus pandemic, the luxury retailer was attempting to transform its business to avoid being swallowed by its massive debts. A truncated version of this article appeared […]
The First Ever New Method To Store Fashion Retail In Changing Times
Recently Revised Online Retail Shop Photography: Thanks To Youcan With the outbreak of COVID-19, every fashion industry specialist is searching for ways to prevent earnings and continue to perform routine business while remaining securely socially far-off. As the present retail slogan states’ Stay wise, six feet apart. Over the last few years, occasion curators have […]
COVID-19 to help accelerate e-com adoption
Touchless payments and virtual try-ons will be the new norm, says IBM’s Prashobh Chandralayam. K. Murali Kumar | Photo Credit: K. Murali Kumar Online sales will breach double-digit mark in the next 12-18 months: IBM The coronavirus (COVID-19) pandemic could accelerate the adoption of e-commerce in the country, with online sales accounting for over […]
‘True retail apocalypse is upon us now,’ warns UNC business professor
by Chantal Allam — April 28, 2020 . CHAPEL HILL – The coronavirus crisis is shaking up a lot of sectors – not the least of which is retail, and how we shop. UNC Kenan-Flagler Business School Professor Katrijn Gielens will cover how COVID-19 is affecting retailers’ efforts to shift from brick and mortar to […]
Get Ready for the New E-Commerce Normal
Webinar: Unlocking the Potential of Password Vault Alternatives Understanding the differing Privileged Access Management solutions can be a challenge, especially for Linux or UNIX environments. Learn how to create a more comprehensive security approach by examining the different approaches of password vaults and privilege management during this webinar. Retailers around the world are adjusting their […]
E-commerce fails to tap pandemic rise in need: report
By Dat Nguyen & nbspApril 29, 2020|07: 02 pm GMT 7 An individual makes online purchases using a charge card. Picture by Shutterstock/Kite _ rin. Website traffic for three major e-commerce platforms fell on average 9 percent year-on-year in the very first quarter due to slow order reaction. Vietnam’s Sendo saw the biggest plunge at […]
Facebook bets on a different sort of e-commerce in India
The deal also helps a struggling conglomerate RUMOURS OF INDIA’S debt-sodden firms receiving a cash infusion from a foreign buyer swirl regularly, but rarely become reality. With the country in lockdown and oil prices crashing, worries have grown that the most touted such investment—the $15bn purchase of 20% of Reliance Industries’ refining arm by Saudi […]
How I Store: Who What Use Editorial Director Kat Collings
At Paris Style Week October 2019. Image: Christian Vierig/Getty Images All of us buy clothes, but no two individuals go shopping the same. It can be a social experience, and a deeply personal one; at times, it can be impulsive and entertaining, at others, purpose-driven, a task. Where do you go shopping? When do you […]
Personal Shopping 2.0: Luxury Apps Deliver Virtual Service During Pandemic
Screen views of the LetsBab shopping app, which mimics old-fashioned word of mouth selling. Photo Courtesy of LetsBab Many retail players were in the toilet before Covid-19 hit, and since the lockdown, some are downright down the drain. Right now, brands and retailers need to vet every sales-enhancing tool on the market. Several luxury-focused digital […]
