Remove newsletters
article thumbnail

Evri owner prepares £2bn sale of the business

Retail Gazette

Advent International purchased a 75% stake in Evri, previously Hermes UK, in 2020 for a reported £850m. Click here to sign up to Retail Gazette‘s free daily email newsletter The private equity company is working with advisors from Rothschild to look at options for the firm, such as a potential sale, according to The Sunday Times.

article thumbnail

Why DoorDash & Other Delivery Apps Struggle with Profitability

Indigo 9 Digital

DoorDash’s revenues in fourth quarter of 2020 were up 226% to reach $970 million, Uber Eats’ revenues were up in a similar fashion by 224% to reach $1.4 Similarly DoorDash has never generated a profit with the exception of the second quarter of 2020 where it made a profit of $23 million. "It Link to source: Marketwatch.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Interview: How Wish aims to compete with rivals Shein and Temu

Retail Gazette

Flying on a high off the pandemic online shopping trend, Wish debuted on the Nasdaq stock exchange in December 2020 providing it with an initial valuation of £11.4bn ($14bn). “We have AI tools in place that allow us to identify suspicious buyer/merchant signals – from IP addresses to delivery addresses,” he says.

article thumbnail

Alibaba vs. Amazon, 7 Differences & Similarities

Indigo 9 Digital

Our philosophy is to empower others to sell, empower others to service, empower, make sure the other people are more powerful than us…Remember one thing, today for ourselves, our last year [2016] is more than $550 billion. Alibaba does not charge merchants on Taobao listing or transactions fees. Do you like this content?

article thumbnail

Forever 21: 4 Reasons it Failed & Filed for Bankruptcy

Indigo 9 Digital

If you do subscribe to our retail trends newsletter to get the latest retail insights & trends delivered to your inbox 3. 2020 marked the first time Inditex ended a year with fewer stores than when it started the year. Do you like this content? Aggressive store expansion and failure to adapt to eCommerce.

article thumbnail

11 Things to Know About China’s eCommerce Market

Indigo 9 Digital

“While online shopping definitely accelerated in 2020 [in China], saying physical retail is more or less obsolete is not true,” said Nishtha Mehta, a China-based corporate innovation coach. “In If you do subscribe to our retail trends newsletter to get the latest retail insights & trends delivered to your inbox. Digital Payments.

article thumbnail

The Benefits & Cons of Selling on Amazon, 10 Factors to Consider

Indigo 9 Digital

During Amazon Prime Day in 2020 third party sellers generated $3.5 If an organization decides to enter Amazon’s FBA program they send their inventory to Amazon then Amazon manages storage of the inventory within its facilities, shipping and customer service (including returns). billion in sales. Do you like this content?