Revenue rise for online women’s fashion brand Sosandar as pre-tax losses cut

Revenue rise for online women's fashion brand Sosandar as pre-tax losses cut

Online women’s fashion brand Sosandar grew its revenue and cut its pre-tax losses during the listed company’s latest financial year. The Wilmslow-headquartered business has reported a revenue of £12.1m for the 12 months to March 31, 2021, up from £9m during the prior year. The company’s pre-tax losses were also slashed from £7.8m to £3m … Read more

Online marketplace OnBuy secures 35 million pounds in funding

Online marketplace OnBuy secures 35 million pounds in funding

UK-based online marketplace OnBuy has raised 35 million pounds in series A+ funding through venture capital and strategic technology investors. The company said the investment, which is a mix of debt and equity, will enable it to further develop its product offering and pursue global expansion. It said significant input came from Bring Ventures, Norway … Read more

Nordstrom, Eying 20-Somethings, Strikes Deal With the Online Giant Asos

Nordstrom, Eying 20-Somethings, Strikes Deal With the Online Giant Asos

Nordstrom, one of many national retailers battered by the pandemic, has added a new arrow to its quiver as it fights an uphill battle to get customers, particularly young ones, back: it is teaming up with Asos, the online fashion behemoth.Nordstrom will announce on Monday that it is buying a minority stake in the Asos … Read more

Online Marketplaces Pose a New Challenge to Brand Identity Kits

a rack of black clothing against a white background

PHOTO: The Creative Exchange | unsplash Luxury brands used to avoid ecommerce marketplaces like the plague. Makers of $5,000 handbags didn’t want to appear in a shopping basket alongside paper towels and diapers. Marketplaces like Amazon struggled to attract high-end brands afraid of damaging their image or confusing customers. That is changing. As The Wall … Read more

hindustan times: Online fashion brand Tjori signs Rs 16 crore equity deal with Hindustan Times

hindustan times: Online fashion brand Tjori signs Rs 16 crore equity deal with Hindustan Times

NEW DELHI: Online fashion brand Tjori on Monday said it has signed an equity deal of Rs 16 crore with media firm Hindustan Times. The deal signed goes beyond equity investments, while also providing branding and marketing, Tijori said in a statement. Mansi Gupta, Chief Executive Officer of Tjori said, “Tjori as a brand works … Read more

Buy Your Next Tiara Online

Buy Your Next Tiara Online

“We realized there were still plenty of opportunities to enrich these connections with our clients, keeping them engaged and inspired and helping them celebrate their special occasions, whether via FaceTime conversations, bespoke in-home experiences or virtual appointments,” Mercedes Abramo, chief executive of Cartier North America, wrote in an email. “Via private, one-on-one viewings, clients could … Read more

The true cost of online shopping, EU to see 35 billion euros in reduced profits

The true cost of online shopping, EU to see 35 billion euros in reduced profits

Covid-19 has profoundly impacted retail industries across Europe. The enforcement of store closures, social distancing measures and heightened anxieties over viral transmission has elevated ‘digital’ to new heights across the entire customer journey, according to a report by Alvarez & Marsal (A&M), a leading global professional services firm that provides advisory, business performance improvement and … Read more

Brands step up online discounts on smartphones, groceries, apparel

Brands step up online discounts on smartphones, groceries, apparel

Bengaluru / Kolkata / New Delhi: Ecommerce discounts on smartphones, apparel and groceries will be higher this quarter than a year ago as brands and marketplaces are rushing to liquidate stock and lift consumer sentiment ahead of the festive season. This is despite a rise in input and freight cost that has affected almost all … Read more

Wedding Fashion Moves Online As Brands Launch More Custom, Inclusive And Inexpensive Options

Wedding Fashion Moves Online As Brands Launch More Custom, Inclusive And Inexpensive Options

After a year in which many weddings were postponed or moved to intimate backyard occasions, the 2021 wedding season is shaping up to be as busy as ever. But, throughout the last several years, many brides have eschewed the traditional dress-buying experience and moved online to search and shop for their bridal gowns. As a … Read more

Singapore online retailers go green by merging fashion with sustainability

Singapore online retailers go green by merging fashion with sustainability

There are rising concerns about packaging waste as internet shopping takes off — but some online retailers say they won’t let sustainability take a backseat.Singapore-based online fashion retailer Zalora says it’s pushing ahead with its green commitment and trying to reduce its environmental footprint.”We decided that the best way to do it is to make … Read more

What Do New Online Transaction Rules in Mean for International Companies Doing Business in China?

What Do New Online Transaction Rules in Mean for International Companies Doing Business in China?

Although the world economy was hit hard by COVID-19, China has recovered quickly, thanks in large part to its booming e-commerce sector. There are many emerging issues in the segment of the market, which has aroused much attention across society, and while the E-commerce Law of the People’s Republic of China, which went into effect … Read more

Irish fashion boutiques in a pandemic: Nicki Hoyne on running a luxury fashion brand online

Irish fashion boutiques in a pandemic: Nicki Hoyne on running a luxury fashion brand online

In the second of a three-part series looking at Irish fashion boutique owners and the impact of the pandemic, we chat with Nicki Hoyne about launching a new collection in the midst of such global chaos. Running a business is no easy feat, whatever the circumstances. From finances to staffing to rent, there’s a lot … Read more

What Leads to the Sudden Rise of an Online Fast Fashion Brand

What Leads to the Sudden Rise of an Online Fast Fashion Brand

With five million monthly visits and more than 400 thousand website subscribers, Soulmia has a large user base in economical fashionistas from all over the world. The customer shopping experience is always Soulmia’s priority, and the brand has built a large customer service team offering 24/6 customer support. Soulmia has provided customers with diversified shipping services. … Read more

Fashion group Fox gets investment from Danish billionaire for online arm

Fashion group Fox gets investment from Danish billionaire for online arm

Fox Wizel Ltd., the Israeli fashion chain store, said that its online subsidiary Terminal X has signed an agreement for a strategic investment from Danish firm Heartland A/S, the investment vehicle of billionaire businessman Anders Holch Povlsen and the largest shareholder of British fashion and cosmetic retailer ASOS. According to the agreement, Heartland will invest … Read more

50% Of Clothes Sold By Online Fast Fashion Brands Are Made Of Virgin Plastic, New Study Reveals

50% Of Clothes Sold By Online Fast Fashion Brands Are Made Of Virgin Plastic, New Study Reveals

4 Mins Read According to a new study, around half the clothes that major online fast fashion brands like Boohoo and Asos sell are developed entirely from virgin plastic components like polyester, with only 1% of the clothes derived from recycled plastic fabric. Conducted by the Royal Society for Arts, Manufactures and Commerce (RSA), the … Read more

John Lewis plans to add more than 100 fashion brands in next 12 months by bringing fashion products direct to customers online – Retail Times

John Lewis plans to add more than 100 fashion brands in next 12 months by bringing fashion products direct to customers online – Retail Times

John Lewis has announced that it will launch more than 40 new brands in the next six months by allowing, for the first time, fashion brands to sell their products directly on johnlewis.com.  In addition, customers will be able to access even more products from brands that are already sold on the website.  … Read more

Online fashion industry registers 51% growth order volume in FY21

Online fashion industry registers 51% growth order volume in FY21

Online fashion industry witnessed an order volume growth of 51 per cent and gross merchant value (GMV) increase of 45 per cent in FY21 as compared to the previous financial year, a report by Unicommerce said on Thursday. The faster volume growth as compared to GMV has led to a marginal decline of 4 per … Read more

Netflix Online Shop to Sell Products Tied to Shows Like ‘Lupin’

Netflix Online Shop to Sell Products Tied to Shows Like 'Lupin'

There will be “Lupin” pillows and Netflix-branded boxer shorts.There will be caps, necklaces, charms and hoodies, all of it for sale at Netflix.shop, a site that goes live on Thursday, when the world’s biggest streaming company plants a flag in the territory of e-commerce.The shopping site gives Netflix a new way to bring in cash … Read more

Online Fashion Industry Continues to Demonstrate Overall 51 pc Growth in FY-21 & 66 pc growth on Brand Websites

Online Fashion Industry Continues to Demonstrate 51 pc Growth in FY-21

The fashion industry has always been the early adopter of technology, which has helped the industry stay ahead of the curve. The online fashion industry continues to grow upwards with order volume growth of 51 percent and GMV (Gross Merchant value) growth of 45 percent in FY-21 as compared to the previous financial year.  The … Read more

Canadian fashion brand ‘WDMRCK Exclusive’ has taken over the online fashion wear market by storm. – The UBJ

Canadian fashion brand 'WDMRCK Exclusive' has taken over the online fashion wear market by storm. - The UBJ

The brand popularly known as ‘WD Exclusive’ has emerged as the one of the best owing to its trendy collection. The ecommerce market has been growing leaps and bounds since the past few years, and it has become one of the easiest modes of buying or selling anything at the click of a button. However, in … Read more

BIPOC Beauty E-Tailers Reimagining the Online Space

BIPOC Beauty E-Tailers Reimagining the Online Space

Beauty e-commerce has seen a staggering lift in the past year—the shift from brick-and-mortar stores to online shopping is estimated to drive $45 billion by 2025 in the U.S. alone. While many feel this limits in-person product experimentation and testing, what the online space does offer are greater access to new and rising brands, exclusive … Read more

H&M to launch second-hand online clothing offshoot Sellpy in Ireland 

H&M to launch second-hand online clothing offshoot Sellpy in Ireland 

Fashion retailer H&M is to launch its online second-hand clothing business Sellpy in Ireland as part of a significant European expansion drive.Sellpy is a growing player in the area of clothing ‘re-commerce’, but to date has only been online in its home market of Sweden, the Netherlands, Austria and Germany.The expansion will spread its presence … Read more

Retailers turn to online marketplaces in scramble for sales

Retailers turn to online marketplaces in scramble for sales

This article is the fourth part of an FT series examining the future of retailFounded shortly after the Napoleonic wars, department store Debenhams had one of the longest histories in UK retail. It also had one of the slowest deaths, with the last of its stores closing this month after two decades straining under high … Read more

As E-Commerce Continues to Rise, Online Platforms & Luxury Brands Take a New Collaborative Approach to Fighting Fakes

As E-Commerce Continues to Rise, Online Platforms & Luxury Brands Take a New Collaborative Approach to Fighting Fakes

Online retail has been increasing for the better part of a decade thanks to an enduring shift in consumer behavior, and this trend has been accelerated even more during the Covid-19 pandemic, with high street and luxury brands forced to close their doors to comply with strict government restrictions, and rely on digital sales in … Read more

Animal relaunches online with eco-friendly offering

Animal relaunches online with eco-friendly offering

British fashion and lifestyle brand Animal is relaunching for summer 2021 with 400 sustainable products. Poole-based Animal ceased trading a year ago citing an “extremely challenging retail market,” worsened by Covid-19. At the time, previous owners, H Young Holdings PLC couldn’t find any takers for the brand, however, Mountain Warehouse has confirmed that it acquired … Read more

Sakshe Bhatt Somani launches Indian apparel brand Humra online

Eminetra

what: Sakshe Bhatt Somani Launches Apparel and Furniture Brand Humura Online the company: Fumura collection: Humura offers stylish home linen, hand block prints and Curtis in breathable multi-cotton fabrics for a wide range of daily, night, lounge, leisure, festivals and kidswear. USP: Derived from the Arabic word for “beautiful” and “rose” or “beautiful like a … Read more

The proportion of online purchases for food, home décor, fashion, and luxury goods by previously infrequent e-commerce users has increased 667% since the outbreak in India: Report

The proportion of online purchases for food, home décor, fashion, and luxury goods by previously infrequent e-commerce users has increased 667% since the outbreak in India: Report

Successful consumer-facing companies are repurposing physical locations, exploring new business models, and rapidly adopting advanced analytics and other disruptive technologies to find new sources of growth. 98% of consumers in India have made at least one permanent change to their lifestyle since the outbreak of the pandemic. The COVID-19 pandemic has changed the way people … Read more

Online women’s fashion brand Sosandar to raise almost £6m to grow UK and international reach

Online women's fashion brand Sosandar to raise almost £6m to grow UK and international reach

Online women’s fashion brand Sosandar has revealed plans to raise almost £6m to invest in stock from the autumn and winter season onwards and extend its partnerships with retails such as John Lewis, M&S and Next. The Wilmslow-headquartered listed company added that it wants to “capitalise on the growth opportunity” with its third-party retail partners … Read more

Online fashion brand in fundraising to capitalise on growth opportunities

Online fashion brand in fundraising to capitalise on growth opportunities

Cheshire online fashion brand Sosandar is seeking to raise around £5.27m through a placing and subscription, and a further £500,000 through the PrimaryBid platform. The company, founded by two former fashion journalists, Ali Hall and Julie Lavington, said it will use the proceeds to capitalise on the growth opportunity with its third party retail partners … Read more