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11 Things to Know About China’s eCommerce Market

Indigo 9 Digital

trillion in sales, China has the largest eCommerce market in the world, by a large margin. If you are curious about the eCommerce market in China then consider these 11 facts about its size, competition and trends. The Chinese eCommerce market is dominated by several eCommerce giants, the largest of which is Alibaba.

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How Burberry’s new leadership duo can reignite the luxury brand’s spark

Inside Retail

Akeroyd, who took over in April, will present his strategy alongside first-half results that will show the lingering impact of lockdown restrictions in China, Burberry’s biggest market. Leather goods account for around 20 per cent of Burberry’s sales versus 70 per cent at Bottega Veneta.

Fashion 278
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With an Eye to the Future, Glossier Hires Three New Leaders

Retail TouchPoints

Sodipo most recently led Product Finance and Strategy at Stripe and will bring her expertise in payments to Glossier’s Accounting and Finance teams. She will work closely with Chief Marketing Officer Ali Weiss and Chief Technology Officer Pawan Uppuluri to help maintain the brand both online and offline.

Finance 248
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Why Cool Canada Looks Smokin’ Hot Right Now: A Market Overview

Rangeme

For certain in-demand products, yes, expansion to Canada can drive sales – even in today’s volatile market. export market, accounting for 17.9% ($310 billion U.S.) August 20, 2021. Market overview. Market size. August 20, 2021. 11 World Population Review. 11 World Population Review.

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What luxury retailers need to know to succeed in the year ahead

Inside Retail

By 2021, luxury sales had fully recovered, rising 32 per cent to surpass 2019 numbers. The year 2022 was the second consecutive one of double-digit sales growth after the pandemic, with sales up 20 per cent, supporting 24 per cent growth in the 2019-22 period. What a difference a year makes.

Jewelry 228
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Singles’ Day Broke Sales Records Again, but That’s Not the Whole Story

Retail TouchPoints

billion in 2020, and total sales across all platforms (including Alibaba rival JD.com ) for the 11-day campaign topped $139 billion. extended across 11 days instead of just one — from Nov. 11 — with pre-sales events kicking off on Oct. Alibaba itself generated RMB 540.3 billion ( U.S. ” For the second year in a row, 11.11

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The China Syndrome: Japan department stores missing tourist shoppers

Inside Retail

In 2019, it brought in 233.5 billion at today’s exchange rates, accounting for close to a quarter of the revenue from the company’s department store business. In 2021, there was a recovery of sorts but sales still remained almost 18 per cent below the pre-Covid level. trillion yen in the first nine months of 2021.