article thumbnail

Boohoo doubles its market share in the UK and US

365 Retail

Online fashion giant Boohoo has revealed it doubled its market share in the UK and US since the start of the pandemic but profits plunged following heavy investment during the year. million in the six months to the end of August compared with a year earlier, but pre-tax profits dropped 64% to £24.6 Sales rose 20% to £975.9

Marketing 119
article thumbnail

Exclusive Q&A: Fast Break for High-End Sneaker Marketplace The Edit LDN

Retail TouchPoints

On the brick-and-mortar side, The Edit LDN has been selling high-end footwear at the iconic Harrods department store in Knightsbridge for a year, and plans to expand to a Galeries Lafayette in Doha, Qatar beginning Nov. We offer lots of added value for members, including pre-access to sneaker drops and free shipping within the UK.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Have we reached peak Christmas advent calendar?

Retail Gazette

Department store Liberty even called out its record beauty calendar sales as factor behind its growing profits last year. But with the market now flooded and the cost-of-living impacting discretionary spend, is the advent calendar craze starting to wane? Consumers are also drawn to the value for money they represent.

article thumbnail

3 Keys to Creating a Successful Third-Party Marketplace: Compete on Your Terms, Not Amazon’s

Retail TouchPoints

To be sure, some of the retailers debuting marketplaces are looking to compete directly with Amazon: Walmart , Target , Hudson’s Bay and the planned Debenhams marketplace (under new owner Boohoo Group ) are all essentially huge digital department stores with broad category reach. But this model is unlikely to work for most retailers.

article thumbnail

Target US aims to simplify returns. Here’s why that’s easier said than done

Inside Retail

The market research firm predicts click-and-collect sales will grow by 8 per cent in 2023, and the growth is expected to be driven by customers who prefer to avoid delivery fees or shipping costs during this period of high prices. Can customers drop-off anytime or do they have to select a service window/time?

Returns 130
article thumbnail

Retail Insider Transforming Awards – the Most Promising Newcomer category

Retail Insider

The Great British Exchange offers a route to market for small and artisan British brands through partnerships with the likes of Ocado, John Lewis and Amazon while Street Bees runs focus groups that upend traditional market research procedures in favour of in the moment reaction from consumers. 2020 winner Infarm.

article thumbnail

6 Reasons Walmart’s eCommerce Strategy is Winning

Indigo 9 Digital

This service is also beneficial for consumers worried about their goods being stolen after they are dropped off. The fall of Sears and other department stores has only served to usher in a new kind of department store, the big box store. Lowest prices” came in second and “fast shipping” came in eighth place.