Online Sales news and archive

Adobe predicts Amazon Prime Day to boost online sales to 23.8 billion dollars

Online spending in the United States is predicted to hit 23.8 billion US dollars this week, according to early estimates from Adobe Analytics. Running from July 8 to July 11, the 96-hour Amazon Prime Day event is the first four-day sales promotion from the retail giant. Launched in the hopes of enticing consumers to keep shopping daily for new...

Retail

Rolex faces a 100 million dollar fine for obstructing online watch sales

France’s competition regulator, the Autorité de la concurrence, has imposed a substantial fine of 91,600,000 euros on Rolex France, along with Rolex Holding SA, the Hans Wilsdorf Foundation, and Rolex SA. The penalty is in response to industry referrals and subsequent investigations from Rolex's prolonged prohibition - exceeding a decade – to...

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Retail

Zara and H&M shore up defences as internet threatens

Logistics investments, new technology... Faced with fierce online competition from the likes of Amazon, affordable fashion giants Zara and H&M are shoring up their defences, trying to use their stores to boost internet sales. Separated by thin partitions, 15 little photo studios used exclusively to update the website line up in a corner of...

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Retail

Céline moves into e-commerce with launch of celine.com

London- One of the last luxury fashion houses to shun an online store has finally ventured into e-commerce: Céline. The French fashion house, owned by luxury company LVMH, is taking on an omnichannel business model with the launch of its renewed website celine.com, marking the first time the luxury label offers all its products for sale online....

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Report

Consumers hold back on spending in January following strong Christmas period

London - UK consumers held back on spending during the month of January which saw retail sales growth "ground to a halt" on the back of a strong Christmas trading period, according to the latest data from the BRC-KPMG retail sales monitor. UK retail sales dropped by 0.6 percent like-for-like during the first month of the year in comparison to...

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Report

Smartphone sales increase 101 percent in March

Online smartphone sales increased a whopping 101 percent year-on-year in March, far surpassing that of tablets, according to the latest IMRG Capgemini eRetail Sales Index. Transactions carried out on tablets increased a mere 6 percent year-on-year last month compared to smartphone sales. During the first three months of the year, smartphone...

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Report

Online sales on track to break 'Cyber Monday' record in US

Washington - Online sales for the key holiday retail day of "Cyber Monday" were on track for a record, helped by surging smartphone shopping, market trackers said. The Adobe Digital Index showed that sales in the first 10 hours of the day were 490 million dollars, up 14 percent from a year ago. That puts sales on track for 3 billion dollars,...

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Fashion

Online spending to surge 40 percent in Middle East

Online spending in the Middle East is expected to grow 40 percent by 2020, with an estimated value of 41.5 billion dollars. The UAE and Gulf Cooperation Countries (GCC) has seen a surge in online shopping, and the UAE is expected to be a key market with a total market share of 53 percent across the GCC countries followed by Saudi Arabia at 14...

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Business

Inditex sees online sales boom

Online sales for Spanish fashion conglomerate Inditex have increased as much as 42 percent to a record amount of 553 million euros (442 million pounds). Turnover for the fashion company also grew to 16.7 billion euros (13.3 billion pounds), up from 15.6 billion euros (12.4 billion pounds) last year, according to Spanish newspaper Expansion....

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Fashion

Value retailers not maximising online fashion

Multichannel value fashion brands are losing out on online sales due to poorly designed websites, according to the 2010 Multichannel Fashion Report from GSI Commerce International. Value fashion brands are failing to connect with their online shopper and 40% of online shoppers avoid buying due to lack of images and poor usability. The survey...