In 3Q19, Ocado grew retail revenue 11.4% year over year, driven by a 12.1% rise in average orders per week.
The Chinese consumer goods market is unusually fast-moving and innovative, and brands are working hard to drive excitement among shoppers. We have previously discussed how brands have launched unusual adaptations, often in partnership with online platforms such as Tmall. Brand mashups are a part of this innovative approach.
Amazon Go Was Originally Forecast to Comprise 156 Stores with Sales of $639 Million in 2020, According to Leaked Company Documents
Amazon documents from 2018 contain pertinent details about the company’s plans for its Amazon Go stores.
The Coresight Research team attended the Taobao Maker Festival 2019 in Hangzhou, China, on September 12. Alibaba’s Taobao Maker Festival, first launched in 2016, celebrates the “maker spirit” of Chinese merchants and designers, and how that spirit is resonating among China’s young generation (millennials and Gen Zers).
With 1.9 million women’s and men’s clothing products listed, Amazon.co.uk almost certainly offers the UK’s biggest selection of apparel.
Singles’ Day, held annually on November 11, began as a festival of young Chinese people celebrating their pride in being single. Alibaba started promoting the day as a shopping day (now officially called the 11.11 Global Shopping Festival) back in 2009.
Short video app Kuaishou achieved sales of over ¥100 million (US$14 million) in its first “Trustworthy Goods Festival” from August 28−30.
Wayfair Inc. is a U.S.-based e-commerce company that offers more than 10 million products from over 10,000 suppliers. Incorporated on Aug. 8, 2014, the company specializes in home products, offering a large selection of furniture, décor, decorative accents, housewares, seasonal decor and other home goods. Wayfair operates in two reporting segments, U.S. and International. Most products are shipped to customers directly from suppliers, but the proportion of products shipped through its own logistics network continues to grow. As of Dec. 31, 2017, Wayfair employed 7,751 full-time staff.
The Kaola acquisition represents a meaningful strengthening of Alibaba’s offering in cross-border e-commerce. It will consolidate China’s cross-border e-commerce space, giving Alibaba a dominant share of this market.
We take a deep dive into US shoppers’ expectations for the 2019 holiday season.
Xcel Brands x Coresight Research Monthly Fashion Trend Report: Top Trends Include Puff Sleeves and Milkmaid Tops
The Monthly Fashion Trend Report highlights the fashion trends that are emerging, growing and maturing- offering insights for designers, planners, retailers, buyers and merchandisers.
Clothing Rental Upstart Le Tote to Acquire Iconic Century-old Brand Lord + Taylor from HBC for $100 Million
Apparel rental upstart Le Tote to acquire century-old Lord + Taylor in what could be a growing trend of online disruptors moving into more traditional spaces.
Alibaba upgraded its content tool Weitao to boost user engagement on Taobao and Tmall platforms.
Pinduoduo reported revenues of ¥7.3 billion ($1.1 billion) for the second quarter ended June 30, 2019, beating the consensus estimate of $878.8 million and up 169% year over year. Operating expenses decreased and operating margin improved to (20.4)%.
Vipshop (NYSE: VIPS) 2Q19 Results: Revenue and EPS Beat Consensus Thanks to Strong Apparel Sales and More Active Customers
Vipshop 2Q19 revenues were up 9.7% to ¥22.7 billion, primarily driven by more active customers and a focus on the fast-growing high-margin apparel sector.