Struck out: Mike Ashley to close down Matches after paying US$64 million for it
UK retailer Mike Ashley’s Frasers Group has decided to put UK-based luxury e-commerce platform Matches into administration, less than three months after buying the firm for US$64 million. Frasers told...
View ArticleIndian fashion retailer eyes US expansion
Indian fashion retailer Aza Fashions plans to expand its worldwide shopping mobile app and doorstep delivery across all US states. Aza offers more than 1000 labels of clothes from throughout India via...
View ArticleLucky dip in Brussels: Store sells still-sealed unwanted Amazon parcels
A shop has opened in Brussels selling still-sealed unwanted Amazon parcels by the kilo, effectively a lottery ticket which could win the holder a connected watch, a smartphone – or a worthless...
View ArticleFrom zero to hero: After 18 months, 90 per cent of Americans know Temu name
E-commerce marketplace Temu has become a household name in the US in just 18 months, potentially setting a new benchmark for the industry. Temu is an online marketplace run by China’s PDD Holdings,...
View ArticleAmazon partnering with third-party stores in cashierless shopping tech rollout
Amazon.com said on Wednesday it plans to push its cashierless shopping technology into more third-party stores this year, even as it reduces its reliance on the technology in its own. The online...
View ArticleAmazon launches free grocery delivery in 3500 locations for Prime members
E-commerce giant Amazon.com launched a new grocery delivery subscription on Tuesday in the United States for members of its Prime program and customers who are recipients of the government food...
View ArticleSaks launches retail media network for brand partners
Luxury e-commerce platform Saks has launched the Saks Media Network program providing brand partners with digital advertising to reach its customer base. The program allows brands to boost their...
View ArticleCoco Republic partners with US online lifestyle retailer Revolve
Coco Republic will collaborate with online lifestyle retailer Revolve to produce a collection of decorative items, to expand its audience to millennial and Gen Z consumers in the US. Coco Republic...
View ArticleAmazon’s annual net sales up 12 per cent
E-commerce giant Amazon booked higher net sales last year amid stronger results in both the North America and international markets. The company’s net sales rose 12 per cent to US$574.8 billion as its...
View ArticleIs Nordstrom too late to enter the online marketplace race? Expert weighs in
This week department store chain Nordstrom announced the launch of an online marketplace, which aims to enhance customer satisfaction by offering a more extensive, curated range of brands, products...
View ArticleJudge mulls evidence in landmark Google ‘monopoly’ trial
Google and the US Justice Department wrapped up closing arguments on Friday over claims that the Alphabet unit has unlawfully dominated web search and related advertising, in a case the government...
View ArticleAmazon launches online shopping service in South Africa
Amazon launched its online shopping service in South Africa on Tuesday, challenging a number of online retailers dominated by Naspers’ Takealot.com. Africa’s most advanced economy is usually seen as a...
View ArticleAnalysis: Beyond’s ‘anemic’ sales figures no cause for celebration
After a sustained period of declining sales, Beyond edged back into growth this quarter with a 0.3 per cent uplift in overall revenue. However, such an anemic figure is hardly cause for celebration....
View ArticleThe RealReal narrows losses in Q1
Resale luxury marketplace The RealReal has lowered its net loss to US$31.1 million for the first quarter from $82.5 million last year. The company posted $144 million in revenue with gross...
View ArticleLive streaming has taken over but the tech to detect counterfeits is scarce
Livestream shopping where buyers and sellers transact in real-time video is growing in the United States while technology to police counterfeit goods has so far not kept up, a situation that makes it...
View Article“Our mission is to make retail fair”: Wolf & Badger CEO George Graham
The UK-based online platform for independent and ethical brands Wolf & Badger opened its first bricks-and-mortar location in London in 2010, before adding stores in New York in 2017 and Los...
View ArticleScored!: AliExpress signs on David Beckham as global ambassador
Chinese e-commerce platform AliExpress has welcomed former footballer David Beckham as its new global brand ambassador to mark the upcoming UEFA Euro. The company has also launched a campaign in which...
View ArticleRetailers, hotels fear Google’s changes will omit them from searches
Lobbying groups representing airlines, hotels and retailers have urged European Union tech regulators to ensure that Google takes their views into account, and not just large intermediaries, when...
View ArticleShein clothes found to contain high levels of toxic chemicals in Korean tests
Clothing purchased from Shein for scientific testing has been found to contain “significant quantities” of potentially dangerous chemicals. The investigation found that one pair of shoes contained...
View ArticleThe big business of online shopping scams in Australia
The rise of online shopping scams presents significant reputational risks for e-commerce businesses of all sizes if they don’t take proactive measures to help protect consumers. Last year, Aussie...
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