E-commerce expected to touch $50-55 billion by 2021, says report

The report revealed that on decoding the digital opportunity sectors that could see maximum e-commerce penetration would be consumer electronics, apparel, homeware and furniture, luxury, health, FMCG etc.In the last…

EU clinches copyright overhaul deal, tech giants in focus

Negotiators from the EU countries, the European Parliament and the European Commission clinched a deal after day-long negotiations.The commission, the EU’s executive body, launched the debate two years ago, saying…

Danish fashion exports worth more than bacon, industry says

Exports of pig meat products, including the famous Danish bacon, were 17.9 billion crowns in the same period, textile industry organisation Wear said, figures confirmed by Statistics Denmark.”Fashion has a…

New rules could keep casual beauty browsers out of physical shops – NPD study

So NPD Group has conducted new research as part of its Covid-19  Consumer Sentiment Pulse Survey, and it said that 29% of UK consumers aren’t prepared to join a queue…

South Africa’s Pepco to create 13,000 jobs in Europe over three years

Chief Executive Andy Bond said the majority of the new jobs would be in continental Europe, as it bets that shoppers will flock to cheaper stores following the devastation of…

Russia’s Alrosa seeks to brighten up its fluorescent diamond sales

Diamond miners, which have long excelled at marketing, are seeking new approaches to battle falling demand and competition from diamonds manufactured in laboratories.“We are completing talks with several major companies…

Pittards boosts cash levels, sales plunge but recovery starts

During the first half, it also agreed a remortgage for its site in Yeovil in the South West of England, extending existing funding of £1.75 million for five years. This brings…

Two-thirds of US consumers use mobile to shop

The Path to Purchase Using Mobile Devices Market Research report by CTA says that the increasing use of smartphones for shopping has drastically impacted the consumer’s path to purchase. About nine…

M-commerce key for fashion sales this Xmas, but AOV lower than desktop

The figures come from Nosto, an AI-powered e-commerce personalisation platform that analysed millions of shopping visits to fashion sites around the world over Black Friday weekend and Cyber Monday.The results…

Shein commits $50 million to address textile waste

The multi-year EPR Fund agreement will see the Chinese fast-fashion company dedicate $50 million over the next five years. The fund will help advance the design and implementation of ecological and social sustainability strategies focused…