Boohoo.com prepares for £500m float.
Meet-team-asos-theyre-in-their-20s-or-30s-hit-the-pub-together-on-fridays-have-epic-staff-parties. Its HQ in Mornington Crescent isn’t a retail office but a planet on which CEO Nick Robertson’s merry band of twenty- and thirtysomethings (the average age at ASOS is 26) eat popping candy — sold in a canteen masquerading as a Soho eaterie — while buying, shooting and, most importantly, selling for Robertson’s cause.
They have meetings while sitting in futuristic leather booths or along walls lined with brightly coloured Post-its, and collect their generously discounted staff purchases from the ground floor before heading home for the day. On Friday afternoons the denim dungaree-clad and Nike Air Max-shod employees — of which there are around 1,200 — are invited to hit the pub thanks to an early-finish policy offered during the summer months. Twice a year they attend one of Robertson’s epic staff parties. But is it really all fun and games? Here, in a bid to uncover its secret, we meet the machine behind Britain’s booming brand and ponder the life of an employee at Greater London House.
Richemont’s Net-A-Porter May Fetch $3.4 Billion, Vontobel Says. JOHANNESBURG, South Africa — Cie.
Financiere Richemont SA’s online fashion retailer Net-a-Porter may be worth as much as 2.5 billion euros ($3.4 billion) based on a comparison with the possible value of German rival Zalando AG, according to Bank Vontobel AG. Rene Weber, an analyst at Bank Vontobel, estimated Net-a- Porter sales last year at 550 million euros. While the unit is unprofitable, it generates positive cash flow, Weber said today in a note to clients. Llection trend gives high street retailers advantage over e-commerce rivals. There was something of a sea change in the retail industry this week with news that eBay is partnering with Argos for a click-and-collect service.
For the past few years, the concern has all been about how the high street can adapt to the internet and use it to its advantage. Yet here is an online retailer moving in the other direction, looking at how physical stores could boost its business. The deal serves to highlight the limitations of e-commerce. You might be able to buy a huge range of products and get amazing offers, but somehow the purchases have to get to you. The fact is home delivery often isn’t convenient or cheap.
Online retailers drift towards the high street. The History Of Ecommerce: How Did It All Begin? Posted by Miva Merchant to Articles on October 26th, 2011 By definition, ecommerce or electronic commerce, is the buying and selling of products or services via the Internet.
For many Americans, ecommerce is something we participate in on a daily basis, like online bill payment or purchasing from an e-tailer. Nowadays the thought of living without ecommerce seems unfathomable, complicated and an inconvenience to many. It wasn’t until only a few decades ago that the idea of ecommerce had even appeared. Ecommerce was introduced 40 years ago and, to this day, continues to grow with new technologies, innovations, and thousands of businesses entering the online market each year. Paving the way for electric commerce was the development of the Electronic Data Interchange (EDI).
Once an order is sent, it is then examined by a VAN (Value-Added Network) and finally directed to the recipient’s order processing system. Fashion data tool Editd helps Asos push revenues up 37% Online fashion retailer Asos claimed a 37% revenue increase in the last quarter to 2013 thanks to data insights that helped structure its pricing competitively, the brand has said.
Asos has signed up for 200 of its fashion buyers to receive access to Editd, a London startup which aggregates fashion trend and retail information from retail sites, industry mood boards, social media and trend blogs. Asos has doubled its subscription to the service following an 18-month experiment, but announced today that Editd's information on pricing has helped drive revenues and a 33% increase in sales. Editd’s chief executive Geoff Watts told The Guardian that the startup's real value came from helping buyers make informed decisions grounded in data. "Retail on a basic level is all about buying the right things, so getting that right and making sure you’re selling the right product at the right price is really what dictates your success," Watts said. Case study of online retail & fast fashion. Online shopping: fast fashion at your fingertips. Online shopping is booming at the expense of high street stores...
BY Jessica Fellowes | 03 February 2009 Fast fashion: models show off a mix of clothing from Tesco's new website, clothingattesco.com, whist Asos.com's profits are booming (far right, model wears asos.com) A few years from now, when the banks are wholly owned by the government, our houses are worth less than our cars and we have to travel by rickshaw, we'll be telling our grandchildren about the days when we used to go to "shops" to buy clothes. How will we explain the phenomenon of whole buildings being used not to house thousands of redundant bankers and estate agents but to store rail after rail of clothes. Too futuristic? Dedicated fashion websites such as asos.com , which recorded a 118 per cent year-on-year increase in last December's sales figures, offer cut-price labels and celebrity style. Not surprisingly, the big boys have decided they want a piece of the action.
Royal Mail boosted by online shopping boom. Login to Mintel Oxygen - Mintel Group Ltd. ASOS posts bumper Christmas sales as data shows online shopping boom. Online fashion store Asos enjoyed a bumper rise in sales in the last four months of the year, the latest example in the recent swath of retailers' results to show the growing influence of the internet.
Shopping by smartphone and tablet in UK increases by 18% Mobile phones and tablet computers are now used for nearly 6% of all retail sales as Brits embrace shopping from the sofa, the train and under the duvet.
While total online sales rose 18% year-on-year in December to £11.1bn, according to the latest figures from e-tail industry body IMRG and advisory firm Capgemini, sales via mobile devices doubled to £3bn. "Sales via mobiles will continue to rise in 2014, this is now mainstream," said Chris Webster, head of retail at Capgemini.
He said that the adoption of hand-held technology, as well as the development of click-and-collect" services, which enable shoppers to order online and then pick up their purchases at a convenient store, had accelerated the switch from the high street to online. "What we usually see when a market matures is that the rate of growth slows, but it is accelerating," Webster said. Record online sales over Christmas, says BRC. 10 January 2014Last updated at 04:30 ET UK shoppers are ordering more online as retailers focus on web offerings, the BRC says A record amount of online shopping was done in December 2013, says the British Retail Consortium (BRC).
Close to one in five non-food items was bought online last month, according to the BRC survey. There was also a 19.2% growth in internet purchases from a year earlier, the fastest increase in four years. However, UK retail sales in total rose by just 0.4% on a like-for-like basis. Clicks and bricks Online trading in general represented 18.6% of total non-food sales for the final month of 2013, an increase from 16.5% a year earlier. The BRC's director general, Helen Dickinson, said retailers had invested in their websites and improved delivery times, and added that the surge in the popularity and use of smartphones and tablets had also contributed to the rise in online retailing. 'Fragile recovery'