E-Commerce and DTC – Page 6
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ArticleLightspeed acquires Vend to drive global retail expansion
Montreal, Canada-based omnichannel commerce company Lightspeed POS Inc. has announced the imminent acquisition of New Zealand-based competitor Vend Limited , a cloud-based retail management software company, by the end of April. The expansive move will grow Lightspeed’s customer base by more than 20,000 customer locations worldwide, roughly doubling the ...
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ArticleOnline retailer Bergfreunde continues to grow
Online outdoor retailer Bergfreunde GmbH ( bergfreunde.de ), part of the U.S. Backcountry Group ( backcountry.com ), has announced annual sales of €155 million for its fiscal year 2020, a plus of 41 percent compared to the previous year. According to the online-only retailer, the increase was due ...
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ArticleAmpler Bikes continues to expand after doubling sales in 2020
After doubling its sales last year, young B2C e-bike company Ampler Bikes is looking to simultaneously expand into other national markets this year while maintaining a high growth rate in Germany (currently the company’s most important market). For 2021, the Estonians have their sights set on Switzerland and the ...
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ArticleDelivery problems take their toll on multichannel supplier Rose Bikes
After an extremely successful 2020 fiscal year with a 34 percent increase in sales, the Corona pandemic’s economic effects are now hitting German B2C bicycle supplier and retailer Rose Bikes . The Bocholt-based company speaks of a “lack of delivery reliability on the part of Asian component manufacturers. This has ...
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ArticleBike Exchange: IPO on Australian Stock Exchange
Source: Bike Exchange The Australian company behind Bike Exchange, Rpro Holdings Limited, went public with its “world’s leading digital bike marketplace.” Since Feb. 9, the marketplace has been listed on the Australian Securities Exchange (ASX) in Sydney under the name Bike Exchange Limited. The share code is ...
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ArticleBezos hands over leadership of Amazon
Jeff Bezos will hand over the chairmanship of Amazon ’s board in the third quarter of 2021 to Andy Jassy , the head of the cloud business Amazon Web Services ( AWS ). Amazon made the announcement on Feb. 2 after the U.S. stock market closed in Seattle. ...
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ArticleDigital natives are the most frequent cross-border e-commerce shoppers
A recent survey by eShopWorld , a privately held Irish company headquartered in Dublin with offices around the globe that provides a technology platform for brands and retailers looking to sell online to global markets, found out that younger, digitally native consumers aged 25 to 34 are the group that ...
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ArticleSwedish DTC brand RevolutionRace with new chairman
RevolutionRace (RVRC), a Boras, Sweden-based D2C startup owned by Altor , a Stockholm-based private equity investment firm, has received a prominent addition to its board. E-commerce professional Paul Fischbein is taking over as chairman of the outdoor company that made around €50m in sales in 2020. ...
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ArticleA quarter of German online shoppers are looking for more sustainable purchases
A recent representative survey conducted by the opinion research company Civey on behalf of the German E-Commerce and Mail Order Retail Association ( bevh ) has revealed that a quarter of the German online shoppers are consciously looking for sustainable shopping offers on the Internet. According to ...
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ArticleWho are the winners of the Corona summer?
The outdoor industry and tourism associations weathered the first Corona summer quite well. Some hiking and biking equipment suppliers were even able to record double-digit growth rates compared to the previous year. However, things are now looking rather bleak for the first few months of the coming year.
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ArticleIndustry Insights: How to find new B2B business in a digitalized market
The past spring created for most of us a feeling of pandemic panic and business paralysis. Offices were shut down and most employees were asked to work from home. From a pure productivity perspective, it gave a temporary feeling of winning back control of time. Time freed up from commuting ...
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ArticleNew Corona restrictions in Germany; Denmark extends partial lockdown to entire country
In concert with the governments of the individual states of its country, the federal government of Germany has ordered the lockdown of all the brick-and-mortar stores that sell non-essential products, starting on Wednesday, Dec. 16. The new restrictions came after a spike in new contaminations from Covid-19. They will last ...
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ArticleOpen Air Group invests in fast-growing Swedish outdoor brand Garphyttan
Open Air Group ( OAG ), a Stockholm-based group that includes the Chevalier , Tracker , Alaska 1795 , Burrel and Valio brands and e-retailers Widforss.se , Widforss.no , Retkitukku.fi and Koiravaruste.fi , is becoming a minority owner of the fast-growing Swedish outdoor brand Garphyttan . ...
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ArticleShopify reports new records for Black Friday/Cyber Monday weekend
After releasing record Black Friday results a few days ago, the Canadian e-commerce software company Shopify has updated its data for the entire Black Friday/ Cyber Monday weekend. The more than one million Shopify-powered brands around the world have reported sales of $5.1+ billion. ...
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ArticleBritish delivery service fears uncontrollable Black Friday
London-based delivery service ParcelHero said that it’s forecasting an £8.49bn (€9.5bn-$11.5bn) monster Black Friday to Cyber Monday weekend. It warns that stores must learn from the disaster of Black Friday 2014 or delivery chains could snap once again this year. In 2019, Britons spent a £5.55bn (€6.2bn-$7.4bn) on Black Friday-Cyber ...
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ArticleBlack Friday, and how our industry deals with it in times of Covid-19
While in many consumer goods sectors, it seems that people still don’t think about how our planet suffers from fast, cheap, and unsustainable shopping, some members of the outdoor industry have tried to resist the sell-out madness for quite some time now. In the home country of Black Friday ...
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ArticleArc’teryx opens first Icon Store with flexible DTC services
Arc’teryx has launched a new retail store concept called The Icon Store . The first store was opened in Walnut Creek, California, on Nov. 12 with 77 square meters of floor space, inspired “by wood-frame backcountry huts.” The compact store is designed to streamline the shopping experience by showcasing ...
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ArticleEU believes that Amazon has violated competition rules
The European Commission believes Amazon violated competition rules by unfairly benefiting from non-public data on independent sellers who use its marketplace, it said in its preliminary findings from an antitrust investigation underway against the American e-commerce giant since last year. The European Union’s executive body added it was also ...
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ArticleGoPro's DTC approach drives profits
The American action camera specialist managed to post a profit for the third quarter thanks to a more intense direct-to-consumer (DTC) approach and strong sales of new products, which helped boost total revenues by 114 percent to $280.51 million. Analysts expected revenues of $234.5 million. GoPro ’s net income ...
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ArticleCanadian Tire’s retail business grows in Q3 thanks to online, Helly Hansen recovers
Sales of Helly Hansen , the Norwegian manufacturer of outdoor apparel and workwear, which has been owned by Canadian Tire since 2018, decreased in Q3 by 3 percent from 159.5 million to 155.4 million Canadian dollars, a strong sequential improvement after the 21 percent decline in the second quarter. ...
