Farfetch #SupportBoutiques Courtesy of Farfetch In the first quarter 2020 when luxury retail sales were decimated by worldwide COVID-19 shutdowns, Farfetch just announced its revenue increased 90% year-over-year to reach $331 million across its four reporting segments. Farfetch is the global technology platform for the luxury fashion industry. Further, first quarter gross merchandise value rose […]
Monthly Archives: May 2020
The New AI-Powered App The Yes Is Poised To Considerably Change How Consumers Shop By Structure A Virtual Shop Around Each Client
The Brand-new AI-Powered App The Yes Is Poised To Dramatically Modification How Customers Shop By Building A … [+] Virtual Shop Around Each Consumer The Yes We have actually all been questioning what the new typical may be as we emerge into a changed retail landscape. It’s a new way of shopping through an exclusive […]
Fashion turns to technology to tailor sustainable solutions
Paris, France – Highlighting the growth of fast fashion – at least in the form of increasing volumes of cheap and disposable clothing – TRAID’s warehouse in London was receiving around 3,000 tonnes of donated clothes every year before coronavirus hit. “We’re sorting through more volume and finding less that can go into our shops than […]
Coronavirus And Shoptiques Speed Stores Shift To E-Commerce
Olga Vidisheva, creator and CEO, Shoptiques Bridget Badore Traditional retail store without any or restricted online offerings had defied online sales trends before the pandemic However, over the last couple of months, sales dried up. Some analysts think that these sellers run the risk of obsolescence if online getting habits ends up being irreversible. As […]
A Novice’s Guide to Online Retail: E-Commerce for Dummies
Picture by Gustavo Fring from Pexels In a world interfered with by a pandemic, online retail sales blew up. Sure, more retail sales moved online over the last decade, but, with physical retail stores shuttered, individuals who never ever shopped online prior to dealt with the tough choice of dipping their toes in the online […]
Shopify Has A Plan For E-Commerce Domination And It Just Might Work
Shopify is on a roll right now. In the last couple of weeks, the company has been making waves and announcing some major product updates and new features. Shopify is now offering not only an easy-to-use e-commerce platform but also a range of products from emailing and shipping to financial services. The company has also […]
Taylor Tomasi-Hill Has Always Been One Action Ahead of the Fashion Industry’s Advancement
Picture: Daniel Zuchnik/Getty Images In numerous methods, Taylor Tomasi-Hill‘s profession has progressed with the fashion industry, her resume reflecting how the tides– and maybe more consequentially, the power brokers– have actually shifted. She was a publication editor at the time when it was peak-glamourized in the popular imagination, when names on mastheads were starting to […]
African e-commerce is getting a much needed boost from coronavirus lockdowns
Running e-commerce businesses in Africa’s overwhelmed cities can be a thankless task due to the basic infrastructure gaps and a reluctant customer base. Take Nigeria—Africa’s largest internet market, where e-commerce ventures face inefficient logistics and informal home addressing systems as well as uncertainty about the actual size of the addressable market. These problems are also […]
The Neiman Marcus Personal Bankruptcy: Separating The Misconceptions From The Realities
As a previous senior executive at the Neiman Marcus Group (though chosen more than a years now) it certainly filled me with sadness when I heard that the iconic luxury seller filed for bankruptcy Though, as I blogged about nearly a year back, this news is hardly surprising. Another feeling I have is frustration, mostly […]