E-commerce tech platform Shopify has announced the implementation of a new staff compensation plan designed to uncomplicate the process behind rewarding employees. Entitled ‘Flex Comp’, the approach will focus on three key elements each designed to “define the future of compensation”, the company said in a blog post. The first, ‘Agency’, allows...
19 Sept 2022
The British Fashion Council (BFC) has announced that it has commissioned global strategists Roland Berger, in partnership with DHL, to carry out a report that hopes to solve problems surrounding e-commerce returns in fashion. The initiative comes as part of the BFC’s Institute of Positive Fashion (IPF) and will see initial findings and...
9 Sept 2022
Boots has announced it is set to launch a new online marketplace which will offer third-party brands while also extending its range of products on its own e-commerce platform. The health and beauty retailer said it will be launching the marketplace, powered by Mirakl, in spring 2023, as part of its ongoing digital strategy focused on extending...
8 Sept 2022
Of course, this is not about football, yet about fashion and clothing. Why do we come up with the most popular sport in the world? It’s pretty simple: legendary coach Sepp Herberger taught us “ after the game is before the game”, and slightly modified, the famous quote also applies to our business: “after the order is before the order” – the...
1 Sept 2022
Wholesale is the commercial lifeblood of any growing fashion brand. And powering global growth through wholesale requires significant time, investment, and resources. Digital wholesale has been a game-changer in helping brands maximise their cross-territory wholesale audience and sell digitally 24/7 from anywhere in the world, while reducing...
Viavia, a video-first e-commerce platform, has announced it has secured eight million dollars in a seed round to help it launch a debut fashion retail destination for Gen Z shoppers. The funding, which was co-led by New Enterprise Associates and Basis Set Ventures, follows a 1.15 million dollar pre-seed round the company announced in February...
26 Aug 2022
Lily AI has announced that it has closed its Series B financing round at 25 million dollars, with participation from the likes of Canaan Partners and Conductive Ventures. The product attributes platform, which already counts Bloomingdale’s, The Gap and Macy’s among its clients, said it will use the funding to further expand into mid-market...
25 Aug 2022
Meta-owned social media platform Facebook has announced that, from October 1, its live shopping feature will no longer be available. In a statement, the platform said the decision comes as consumers’ viewing behaviour continues to shift to short-form video. It added that it is planning to redirect its focus to Reels on both Facebook and...
September, when ECD Global is held for the first time in London, will mark the sounding of the starting pistol for a new international networking format for the fashion e-commerce sector. The ECD, which has been regularly held in May for years now, is one of the major networking events of the e-commerce sector in the German-speaking region....
23 Aug 2022
Businesses could be moving away from Shopify’s platform after being impacted by rising costs and a decrease in consumer spending, according to research carried out by YipitData. The report, which was shared through Reuters, found that the e-commerce platform had only added 71,000 global merchants in the first half of 2022, a far cry from the...
9 Aug 2022
Shopify’s sacking of 10,000 employees last week, the equivalent of 10 percent of its workforce, has left questions, if not holes, in the future of DTC platforms, where soaring costs, supply chain bottlenecks and a slowdown in consumer spending is hampering sales. For many small fashion businesses, advertising on Instagram and Facebook is no...
5 Aug 2022
European e-tailer Zalando is potentially looking into entering the US market through a major, secret project said to be dubbed “Project Kangaroo”. According to a German report via Business Insider, the multi-brand fashion giant has been planning the move for months, with the goal to start on the expansion by the beginning of 2023. However, the...
1 Aug 2022
This site uses cookies to deliver its services, to personalise ads and to analyse traffic. If you continue browsing the site, you agree to our use of cookies.