Saks Fifth Avenue has launched a luxury storefront on Amazon. Saks lends Amazon credibility in the luxury market, but Saks’ association with Amazon could hurt its image.
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Richemont Practically Gifted Yoox Net-A-Porter To Mytheresa
Richemont has come to an agreement for Mytheresa to acquire its online YNAP business, including Net-A-Porter, Mr Porter, Yoox and Outnet brands.
Coupang Gives Farfetch A Lifeline, Throwing Good Money After Bad
Farfetch Holdings, the online luxury marketplace and technology platform, reached the precipice of insolvency late last year. A last-minute $500 million bridge loan from the $21 billion South Korea’s Coupang gave the company a lifeline. Currently, Farfetch has a market value of $258.4 million.Since going public in 2018, Farfetch has proven to be a black […]
Confused About the Metaverse? Visit Zuckerberg’s Meta Store
The Meta Store has just opened on Meta’s (the company formerly known as Facebook) Burlingame campus. It is a living lab where people can experience the metaverse for themselves and Meta’s Reality Labs HQ programmers and developers can learn from customers.“Once people experience the technology, they can gain a better appreciation for it,” said Martin […]
Social Commerce Is the Next Shopping Revolution
The internet is undergoing a global social revolution. Nearly all of the 4.8 billion internet users worldwide are also on social media, some 4.5 billion people. That means 57% of all the people in the world are using social media.It’s made social media their front door to the internet. As of July 2021, social media […]
