E-commerce news and archive

ESW acquires Scalefast to accelerate growth

Global direct-to-consumer e-commerce solution provider ESW is acquiring Los Angeles-based complementary e-commerce platform Scalefast to expand its capabilities and enhance speed to market for retailers and brands. The terms of the deal have not been disclosed. ESW said the deal was subject to customary approvals and expected the transaction to...

May 10, 2022

BusinessFeatured

Lanvin Group accelerates digital strategy in the US with Shopify

Luxury fashion group Lanvin is teaming up with Shopify to enhance and power its e-commerce in the US as it looks to accelerate its digital strategies in the region. In a statement, Lanvin Group said that from H2 2022, Lanvin and Sergio Rossi would become the first of the Group's luxury brands to transition onto the digital platform in the North...

Apr 27, 2022

Business

Asda to trial doorstep returns for fashion products

Supermarket giant Asda has announced it will be trialling a new return option for fashion items that will allow customers to hand any unwanted products to a delivery driver when accepting an Asda grocery order at home. The trial will span 48 locations and enables customers to return products from over 100 retailers, including Asos, Missguided...

Apr 26, 2022

Business

Uniqlo introduces Buy with Purpose feature for e-commerce

Japanese apparel brand Uniqlo has launched a new feature for its e-commerce site that will award customers with a donation by the brand, made on their behalf, to an organisation. The Buy with Purpose feature, which will be present on the retailer’s app and online website, will be available for sustainably made styles, such as Uniqlo’s BlueCycle...

Apr 25, 2022

Business

Banana Republic set to close UK website

Banana Republic has announced it will be closing its UK website from May 31, ending the brand’s presence in the UK. In a message on its website, Banana Republic said it was to close from 11:59pm, adding: “Until then, please continue to shop the site. We sincerely thank you for your loyalty and business”. Anyone looking to shop with the brand...

Apr 21, 2022

BusinessFeatured

Folklore Group raises 1.7 million dollars to launch wholesale platform for African brands

The Folklore Group announced it has raised 1.7 million dollars in a pre-seed funding round that will help it launch a conglomerate of B2B and consumer platforms for African and diasporic brands. The funding round was led by Slauson & Co. and had additional participation from Fearless Fund, Women’s National Basketball Association (WNBA) player...

Apr 14, 2022

Business

Primark reveals new UK website

Budget retailer Primark has unveiled its new website in the UK, allowing users to easily browse its products and check stock availability. Designed as a “virtual shop window”, the site features a wider selection of Primark products spanning homeware, fashion, lifestyle and beauty. Despite still not being able to purchase online, an activation...

Apr 8, 2022

Business

Shein reportedly seeking 100 billion dollar valuation for latest funding round

Chinese fast-fashion company Shein could be seeking a valuation of 100 billion dollars as it is reportedly in talks with potential investors for a new funding round. The value would top that of H&M and Zara combined, putting the e-tailer as a front-runner in the industry and making it one of the most valuable start-ups. Initially reported by...

Apr 7, 2022

BusinessFeatured

Pacsun introduces resale offering with ThredUp technology

Multibrand retailer Pacsun has partnered with ThredUp to introduce a 360-resale programme that will allow customers to resell and shop second-hand clothing directly through Pacsun’s website. Pre-Loved Pac comes as part of ThredUp’s Resale-as-a-Service (RaaS) package, in which the technology company builds a white-labelled resale channel for a...

Apr 7, 2022

Retail |Interview Featured

How AI is transforming e-commerce

The COVID-19 pandemic accelerated the growth of e-commerce. People were left with nowhere to shop but the internet, aside from local grocery stores and drug stores. Macy’s recently announced it would overhaul its existing website to offer more personalized experiences to their e-commerce shoppers. Macy’s was just the beginning. Now, more...

Mar 31, 2022

Business

H&M, Zalando and About You top EU cross-border e-commerce rankings

In its fourth edition of its European e-commerce report, Cross-Border Commerce Europe has highlighted the top 500 players in cross-border performance, with H&M and Zalando sweeping up top spots on the list. According to the organisation, the total online EU cross-border market represented a turnover of 171.2 billion euros in 2021, increasing by...

Mar 31, 2022

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...

Mar 30, 2022