That's according to a Friday (May 13) report from Bloomberg News, which said the online-only retailer saw its annual sales growth slow to about 60% last year after a 2020 that saw an astounding 250% growth, according to sources familiar with the matter.
The sources told Bloomberg that Shein's annual revenue rose to at least $16 billion in 2021, up from $10 billion the previous year.
GetResponse Launches Enhanced Ecommerce Marketing Automation Solution
This marks the marketing automation company's entrance into the fastest-growing consumer tech industry—Ecommerce.
The following set of enhanced features allow users to harness the power of automation to grow their Ecommerce stores:
WSI Comandix Becomes a Shopify Plus Partner to Empower eCommerce Customers
Lenny Dingemans, the Project Manager/SaaS, said, "We are proud to be Shopify Partners, as this opens up a world of possibilities for our clients when looking to create a beautiful and functional eCommerce site." Mr.
How eCommerce Businesses Should Train Their Customer Service to Handle Potential Fraud | ...
According to recent estimates, every dollar of chargeback fraud costs eCommerce companies three dollars in direct costs . And for that reason, most eCommerce businesses are hyper-vigilant in trying to prevent chargebacks.
The problem is that sometimes, legitimate customers experience transaction problems that are anything but intentional. But when they contact a retailer looking for help, they’re often met with skepticism .
Introducing Seller 2.0 — Simple, Powerful eCommerce Platform for African SMBs | TechCabal
As more commerce shifts online, small businesses in Nigeria and around Africa have limited options to turn to if they want to own and manage their own professional eCommerce stores. The available options require heavy reliance on developers for initial setup and continuous maintenance.
StrikeTru Modernizes eCommerce for Richmond Supply through Re-platforming & PIM and Connector ...
StrikeTru, a commerce and data services firm, helped Richmond Supply Company Inc. (RSCI), a wholesale distributor of Industrial Supplies, modernize its eCommerce environment.
This eCommerce and product information management project is part of RSCI's goals to be more efficient, agile and responsive, and to expand its business in a rapidly shifting digital landscape. StrikeTru led the project to:
Egyptian eCommerce Startup Mylerz Raises $9.6M | PYMNTS.com
Egyptian eCommerce fulfillment startup Mylerz is looking to expand following a $9.6 million in a growth funding round.
As Magnitt reported Wednesday (May 11), the round was led by Egypt's Lorax Capital Partners, a private equity firm, along with Fawry, an ePayment company also based in Egypt.
eCommerce Growth Platform Wayflyer Secures $300m in Debt Financing From J.P. Morgan | Business Wire
The debt facility helps Wayflyer increase its origination firepower, and market share, as it continues to support a global market of over 300,000 eCommerce businesses demanding fair, flexible and affordable funding.
The news comes shortly after Wayflyer announced its Series B round in February 2022. The all-equity round, co-led by DST Global and QED Investors, with J.P. Morgan as a participant, saw Wayflyer's valuation hit $1.6bn after $150m was raised.
These ecommerce giants are helping Indian MSMEs up their exports game
In February 2021 and February 2020, the Indian goods and services sold abroad were pegged at $45.48 billion and $44.88 billion respectively.
Increasing exports is vital for the country's economic health and also for the businesses. For any small and medium sector enterprises, making their products reach across national boundaries is a dream.
Loop and Happy Returns by PayPal Join Together to Simplify Ecommerce Exchanges for Consumers and ...
According to the National Retail Federation, online sales accounted for $1.05 trillion in U.S. retail sales in 2021, and approximately $218 billion (21%) of that was returned 1 .
"We are excited to work with Happy Returns and help our merchants to offer a delightful drop-off option for their customers," said Jonathan Poma, CEO and Co-founder of Loop.
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