"The interest to Ozon among foreign investors is very high," Vladimir Evtushenkov, Sistema's majority owner and chairman, told reporters after Sistema's annual shareholder meeting. "I can tell you that this is the only one company in Russia at which Amazon was looking from the participation point of view," he said.
Ozon CEO Aleksandr Shulgin has met with his Amazon counterpart, Jeff Bezos, in the last six months, Evtushenkov added.
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As of March, Sistema's shares in Ozon was 43 percent, the company said in an earlier announcement .
This may worth something:
Pepperfry, Nykaa Back To Ecommerce Basics As Omnichannel Sales Hit
After shutting shops for almost three months, the retailers have started coming back to business at least on paper, but the reality is that online sales will make up the bulk of the business, even for ecommerce players that had moved in the omnichannel direction. As India crosses 5 Lakh Covid-19 cases, consumers have been heavily adopting ecommerce, foregoing the traditional retail experience, giving omnichannel ecommerce players a lot to think about.
MB&F finds a way to help its retail partners sell online through its ecommerce store -
So 27 retail partners of MB&F around the world might have been rolling their eyes at news that the watchmaker was planning to launch its own ecommerce site.
That was before they learned the details, which put long standing partnerships at the heart of MB&F’s strategy.
First, MB&F will not sell its entire portfolio of watches online. Instead, it is offering a selection of just a few references, for limited periods of time on a rotation basis. This started with its most recent launches, the HM10 Bulldog, and the co-created LM101 MB&F x H. Moser, which has become the first watch sold online by MB&F.
Viant's Adelphic Releases Analysis of Ecommerce Acceleration
New Whitepaper Highlights how COVID-19 has Accelerated Online Shopping and how Marketers can Better Reach Shoppers With an Omnichannel Approach
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PR Newswire, a Cision company, is the premier global provider of multimedia platforms and distribution that marketers, corporate communicators, sustainability officers, public affairs and investor relations officers leverage to engage key audiences. Having pioneered the commercial news distribution industry over 60 years ago, PR Newswire today provides end-to- end solutions to produce, optimize and target content -- and then distribute and measure results.
Not to change the topic here:
TJX Says It Doesn't Need More E-Commerce. Why It's Wrong
TJX, which owns TJ Maxx, Marshalls, HomeGoods and a few other nameplates and is unquestionably the leader in the off-price channel, is telling the people who own and buy its stock that it doesn't need a robust online business to continue to be successful.
This, from the head of a $40-billion-or-so-retail colossus that saw every single one of its more than 4,400 physical stores closed and completely shut down for anywhere from 90 to 120 days due to the coronavirus pandemic that has devastated much of the American economy.
How Ecommerce Companies Can Grow During a Recession
In recent days, economists determined that the United States has entered a recession that actually began in February. And while much of the focus over the past few months has been on businesses adapting to remote work environments, there is no denying that digital brands have also been affected.
The impact of this downturn will likely be felt for a long time to come, and ecommerce companies will continue facing new changes that can either serve as opportunities for massive growth or become potential stumbling blocks. But by implementing these few key strategies, you can reduce your risk and continue to scale and succeed.
US ECOMMERCE 2020 REPORT: How the Coronavirus is Impacting Retail Sales - Business Insider
After eMarketer's February 2020 forecast projected modest growth of 2.8% to $5.621 trillion in total US retail sales, the coronavirus pandemic then took the US economy by storm, causing closures, stay-at-home orders, and a decline in the demand of non-essential goods.
As a result, we now expect there to be a 10.5% decline in total retail spend, with a 14.0% drop in brick-and-mortar, showing that the public health crisis has certainly impacted purchasing behavior.
Retail eCommerce news from week beginning 22 June -
Retail and eCommerce highlights this week includes: Openbravo Launches New Omnichannel Order Management System. OroCommerce has launched a B2B eCommerce ROI calculator to help merchants estimate how much and how soon their eCommerce platform investments will pay off. Saks Fifth Avenue to Exclusively Partner with NuORDER to Reimagine its Buying and Merchandising Approach. ShopWorn and iW Magazine Team Up to Take Luxury Shoppers “Inside the Vault,”
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