SEKO Logistics completed its largest-ever acquisition with the purchase of New York-based freight forwarder and cross-border e-commerce experts, Air-City, Inc. The investment represents the latest phase of SEKO’s program to expand its global footprint and establishing more strategic partnerships. The acquisition is made to expedite the growth of its three core services;
New record high cyber weekend spendings in the US
In the United States, the Cyber weekend - again - reached new heights. On Black Friday, turnover in the US reached at least 7.4 billion dollars. This is an increase of 1.2 billion dollars. On average, spendings reached a record high 168 dollar per order, an increase of 5.9% compared to 2018. Popular products involved gadgets and toys with Frozen 2 and Paw Patrol theme. The
Amazon: 3 million active sellers
Amazon is close to 3 million active sellers on all its marketplaces worldwide, reports MarketplacePulse. This is an increase of 17.7%. A seller is defined active if they have products listed for sale on the marketplace platform. Less than 10% of all active sellers are able to achieve $100,000 in yearly sales. On top of that, only 1% reached the $1 million sales mark. This
Hugo Boss predicts sales recovery after Hong Kong hit
Luxury retailer Hugo Boss expects sales and operating profit to recover in the fourth quarter, reports Reuters. This is expected to be realised with more modern stores and growth in mainland China and e-commerce. Earlier, the German fashion house reported falling sales in the United States and Hong Kong. In October, Hugo Boss cut its 2019 earnings forecast. It reported
ASOS faces disappointing financial and operating performance in 2019
ASOS presented its financial and operating results, which did not live up to expectations this year. The company undertook a huge investment in transitioning itself into a business with a scale and operational capability in both Europe and the United States. It turned out to be more challenging than ASOS foresaw. Transforming the company In its press release, ASOS states that