Marketplace news and archive

Which luxury handbags have gained the most value between 2020 and 2025?

As gold and silver prices have increased steadily over the last five years, many high-net-worth individuals have been making other strategic investments outside the financial markets. Investing in everything from fine art and rare coins to luxury fashion, a new study from FashioNica, an online platform specializing in the sale of authentic,...

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Business

The business behind BoohooMan’s Brand Locker marketplace

BoohooMan has entered the marketplace arena with the launch of Brand Locker, a new online platform featuring products from over 560 third-party brands across categories such as menswear, activewear, accessories, and resale luxury. The move reflects a wider transition toward a platform-driven retail model, while corresponding to broader trends in...

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People

Authentic names former Amazon executive as new global head of marketplaces

New York-based Authentic Brands Group (Authentic), a brand development and licensing platform, has appointed former Amazon executive Tim Derner as global head, marketplaces to drive marketplace growth across Authentic’s portfolio of brands. Derner joins Authentic with over a decade of leadership experience at Amazon, where he most recently...

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Business

QVC cuts 900 jobs as it pivots from TV shopping to digital platforms

QVC Group, the home shopping conglomerate behind QVC and HSN, has announced plans to cut approximately 900 jobs as part of a comprehensive reorganisation effort. This workforce reduction follows a concerning financial performance revealed in March, when the company reported a 6 per cent revenue decline for both the fourth quarter and full year...

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Business

Walmart to fuel its Marketplace accelerated growth through series of new initiatives

Walmart is set to grow its e-commerce Marketplace platform, as it unveiled several new initiatives at the Let’s Grow! 2024 Walmart Marketplace Seller Summit. Key growth areas include category expansion, enhanced multichannel fulfillment, and new features that will make it easier for sellers to sell across several markets. “We’re executing...

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Fashion |Interview

Slow fashion marketplace Upconic wants to bring back appreciation for clothing

What are sustainable brands and how can one find them? How can one bundle like-minded brands that appeal to a common target group? Isabell Conrad asked herself these and other questions after spending much time and energy searching for sustainable designer fashion and slow fashion online. For the business graduate, the matter was clear - draw up...

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Business

Alibaba expands into Europe with CommerceHub partnership

CommerceHub, one of the world’s largest commerce networks, is partnering with Miravia, part of the Alibaba group, to power the marketplaces’ European expansion. The partnership involves integrating CommerceHub's ecommerce platform with Miravia's operations, supporting Miravia's aim to establish itself as a premier everyday ecommerce ecosystem...

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Business

Etsy accused of withholding payments from sellers

Online marketplace Etsy has faced criticism from its sellers after implementing a "reserve system" that withholds 75 percent of their earnings for 45 days. Hundreds of small businesses received an email from Etsy regarding this new policy, leading to significant financial difficulties for sellers who rely on the funds for materials and daily...

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Business

Katchin marketplace for jewellery and watches expands in Europe

Katchin, the marketplace created specifically for jewellery and watches, is expanded into Germany and France after a successful launch in the UK in January. The marketplace, backed by the Fossil Group in partnership with technology company Mirakl, was launched to offer a new way to shop accessories by bringing together “the most sought-after...

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Fashion |Jewellery

Katchin the new marketplace for jewellery and watches launches

A new global marketplace created specifically for jewellery and watches, Katchin has launched in the UK, backed by the Fossil Group. Katchin aims to offer consumers a new way to shop for accessories, bringing together “the most sought-after names together in a one-stop-shop” alongside curated content and how-to-style guides. The platform, built...

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Business

Shein, the ultra-fast fashion giant, considers becoming an online marketplace

The world’s most successful retailers, think Amazon, Alibaba and Farfetch, all have one thing in common. They operate a marketplace business. New reports that Chinese ultra-fast fashion giant Shein is considering a shift in strategy, in order to compete with the even bigger retail fish. The Wall Street Journal reported it saw a memo sent by...

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Retail

European Union updates legal framework of online sales

The legal framework of online sales in Europe has been updated and implemented from June in order to protect brand owners, wholesalers and resellers. Revenue from online sales is crucial to most fashion brands but many grey areas exist concerning laws and regulations. For most fashion brands, and especially luxury, online sales is curbed by...