Online retail news and archive

5 ways to use customer personalisation to reduce returns

For fashion retailers, returns are associated with enormous time and cost expenditures. Those who find ways to reduce the volume of their returns save money for themselves and time and trouble for their customers. Onsite personalisation, i.e. a personalised AI-supported webshop, can help. When it comes to returns, the fashion industry is hit...

Retail

Klarna announces partnership with Romwe

A new company has joined the payment plan movement with Klarna. The Swedish company announced its partnership with online fashion retailer Romwe on Mar. 10. As a fashion company that provides clothing, accessories, and lifestyle items to its consumers at affordable price points, Romwe will continue to give its customer on-trend, fashion-forward...

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Business

Analysts estimate online retail in Asia will reach 53 billion dollars in 2023

New York - Analysts at Forrester Consulting estimate in their latest report that online retail in South East Asia will grow at a compound annual growth rate (CAGR) of 23 percent, reaching a total valuation of 53 billion dollars over the next five years. The unstoppable smartphone penetration and fast-growth economies are some of the key factors...

Business

China, US and UK take top spots in 2018 e-commerce report

China has long been at the forefront of technological innovation, and it seems that when it comes to e-commerce, the country is paving the way for a future dominated by online retail. The 2018 Global Ecommerce Report, conducted by the Ecommerce Foundation, found that China was the country that spent the most money each year on buying goods...

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Retail

Online shopping to exceed 1 trillion dollars in China, but retailers are unhappy about sales

With 500 million online shoppers, China is estimated to exceed the 1 trillion dollar mark in online sales in 2018. However, only 20 percent of retailers feel confident in their capability to succeed in the Chinese e-commerce market, according to a survey conducted by consulting firms Frost & Sullivan and Azoya Consulting. The two consulting...

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Business

Nexus approves Snapdeal sale to Flipkart

India's battle of online retailers has just gotten more interesting with Snapdeal co-investor Nexus Venture Partners (NVP) agreeing to sell the e-commerce portal to Flipkart; this week itself could see the signing of a term sheet. Japan-based Softbank, with a share of 30 percent the largest shareholder in Snapdeal, had already secured permission...

Retail

Australia: online shoppers prefer women's clothing from local sites

Australians spent 2.4 billion AUD online in 2015 for men's and women's clothing. As reserach firm Roy Morgan Research found out, while those shopping for womenswear seem to prefer local vendors, for menswear, international sites dominate. Interestingly, there is a gender divide when it comes to local versus global preferences. “There is clear...