Friday, March 3, 2023

Italist Finding Success In The International Luxury Ecommerce Marketplace

Italist works to make shopping for luxury items from international sellers easier with its online ... [+] marketplace.

Today, italist offers products from over 1,500 brands and delivers to more than 100 different countries.

According to the italist website, "Prices in Italy may be lower in absolute terms (even with currency exchange rates) because there are no importer or distributor costs like there often are in other countries and the price of doing business is lower (rents and labor costs are cheaper).

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Publisher: Forbes
Date: 2023-03-03
Author: Kaleigh Moore
Twitter: @forbes
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Actually, Ecommerce Excelled in 2022 - Practical Ecommerce

Despite inflation and supply chain worries, 2022 was a terrific year for ecommerce in the U.S., with revenue exceeding $1 trillion for the first time.

The U.S. Department of Commerce estimates that ecommerce in Q4 2022 accounted for 16% of total retail U.S. sales. For the full year, ecommerce accounted for 14.6% of total retail.

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Publisher: Practical Ecommerce
Date: 2023-03-02T13:18:00 00:00
Twitter: @practicalecomm
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Digitalisation in Mexico and its impact on ecommerce - ThePaypers

Ecommerce in Mexico reached MXN 401.3 billion (USD 20.3 billion) in 2021, having experienced a 27% growth compared to the previous year.

Ecommerce in Mexico exceeds the world average by more than 10 points, demonstrating a market with solid expansion.

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ImaliPay partners Renda to support eCommerce business in Africa

The two companies will help businesses reach their target audiences and for consumers to access the products and services they need.

Renda is a technology-driven third-party fulfillment solution provider that enables medium-sized e-commerce businesses to grow and scale across Africa.

Publisher: IBS Intelligence
Date: 2023-03-02T07:40:59 00:00
Twitter: @IBSIntelligence
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Nordstrom to Wind Down Canada Operations, Closing 13 Stores and Ecommerce Site - Retail TouchPoints

Nordstrom will shutter its six full-line department stores and seven Nordstrom Rack stores in Canada, along with its Canadian website , in a move that is expected to save the retailer $35 million in EBIT in fiscal 2023 compared to fiscal 2022.

"We entered Canada in 2014 with a plan to build and sustain a long-term business there," said Erik Nordstrom, CEO of Nordstrom Inc. in a statement. "Despite our best efforts, we do not see a realistic path to profitability for the Canadian business.

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Publisher: Retail TouchPoints
Date: 2023-03-03T15:42:08 00:00
Author: Adam Blair
Twitter: @rtouchpoints
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