E-commerce news and archive

Emperia raises 10 million dollars to back virtual retail solutions

Virtual retail developer Emperia has secured 10 million dollars in a Series A funding round to back and grow the capabilities of its virtual retail platform and develop ‘metaverse e-commerce’ in new international markets. The round, which was led by Base10 Partners, will be used to grow the company’s team and “supercharge” its virtual store SaaS...

Business

Bonsai raises 21 million dollars to bring commerce to publishers

Commerce solution firm Bonsai has announced it has raised 21 million dollars in Series A funding to expand on its checkout technology across the internet. Its solution allows publishers and merchants to sell products at the point of discovery through on-site carts that are available via affiliate links on media outlets. In turn, publishers are...

Retail

A new trading platform hopes to help indies recover from pandemic

The British Independent Retailers Association (Bira) has launched a new platform that hopes to aid independent retailers in their pandemic recovery. Set to launch for customers in February 2022, Neartoo will act as a national trading platform to provide retailers with a new way of selling online, with the goal of helping them to build their...

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Business

Fashion and apparel are Europe's most popular categories for online shopping

In most European countries, fashion and apparel was the main product segment for online shopping in 2020, according to the annual Europe Clothing B2C E-Commerce Market 2021 by Research and Markets. When it came to online shopping in most European countries, consumer choices focused on the fashion and apparel sector. In the United Kingdom,...

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Retail|Interview

Simple steps for e-commerce brands to accelerate global growth

A recent survey conducted by Flow Commerce, a company which facilitates e-commerce brands to expand into international markets, revealed that across the 8 top global markets, 76 percent of online consumers said they have placed an order on a site outside their own country, with Gen Z shoppers skewing even higher. Apparel and accessories were the...

Fashion Partner Content

AAFA flags extensive counterfeit concerns on social media in notorious markets submission

AAFA submitted comments to the Office of the United States Trade Representative recommending platforms and marketplaces – including Facebook and Instagram – for Notorious Market designations. The American Apparel & Footwear Association cited significant increases in the availability of counterfeit products via social media in its submission for...

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Retail|

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...

Business

Fashion Friday: COVID-19 drives digitalisation of fashion brands in Eastern Europe

This month’s Fashion Friday podcast series by Euromonitor International analyses the impact of digitalisation of fashion brands in Eastern Europe. Euromonitor International · Fashion Friday: Accelerating the Digitalisation of Fashion Brands in Eastern Europe Digitalisation became a part of Eastern European fashion brands’ strategy a few years...

Retail

Digital commerce to exceed 11.6 trillion dollars in 2021

Soaring growth in online sales show e-commerce spending is set to rise 11.5 percent this year to 11.6 trillion dollars. New findings from Juniper Research highlight the success of digital solutions during the pandemic spurring consumer behaviour will become increasingly digitally led, rather than reverting to pre-pandemic norms. The research...

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Business

Vaccinations have not slowed down online shopping

Vaccinations and easing of restrictions haven’t dented global ecommerce, according to online shopping platform Shopify. The Canadian company, which powers over a million online stores, saw strong financial results in the first quarter ending March 31, 2021. “More entrepreneurs around the world are choosing Shopify to launch and grow their...

Fashion

Frame Denim launches virtual shopping

American fashion brand Frame, best known for its denim, has partnered with virtual shopping platform Hero to launch virtual shopping for customers online. According to the brand, the new virtual service has grown Frame’s average order values by 61 percent. Customers can chat and have live video consultations with Frame stylists. Stylists are...

Retail

New costs of buying from EU-based retailers should be clearer, says Which?

Consumer watchdog Which? has called on the government and businesses to make new costs of buying from EU-based retailers clearer so consumers aren’t caught off guard be extra costs. It comes as new import charges and returns policies have made post-Brexit shopping more difficult for Brits trying to buy from European retailers. Two in five (42...