Online retail news and archive

China, US and UK take top spots in 2018 ecommerce report

China has long been at the forefront of technological innovation, and it seems that when it comes to ecommerce, 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 which spent the most money each year on buying goods...

RetailFeatured

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...

Retail

Potential ban on sale of luxury goods unsettles online retail

Online marketplaces like Amazon and eBay, already having a tough time with the sale of luxury articles, could soon face a sales ban on these items within the EU, should a general ban on luxury goods on Amazon and Ebay suggested by attorney general Nils Wahl at the European Union's Court of Justice be granted. The debate was triggered by a...

BusinessFeatured

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...

RetailFeatured

E-commerce in Asia Pacific to double in next 5 years

Total online retail revenue will nearly double in the Asia Pacific region from 733 billion US dollars in 2015 to 1.4 trillion US dollars in 2020, given a compound annual growth rate of 14.3 percent over the next five years. This is what global research and advisory firm Forrester found out, looking at trends in China, Japan, South Korea, India...

Fashion

US retailers set up anti cyber attack group

In a bid to strengthen retailers against cyber attacks, a new industry group aimed at collecting and sharing intelligence is being launched in the US. The news comes following the 2013 attack on Target. The National Retail Federation said on Monday it will establish an Information Sharing and Analysis Center (ISAC) for the retail industry in...

Fashion

Fashion brands should listen to and engage with customers

Consumer demands are increasingly driving fashion retail, and retailers and brands should listen better to their customers. The report “Proactive Retail” by fashion industry solution provider Attune Consulting confirms what retailers have been observing for a while. Consumers are in the driver’s seat when it comes to the interaction with their...