E-commerce on the rise in China, Ferragamo up, Sports and music buzz, Introducing Snapette, Fairy Godmother

Taobao | Source: Jing Daily

Online shopping is growing rapidly in China (BBC News)
Across China, online companies large and small are learning how to be effective e-commerce players – or fail like US goliath eBay, which was trounced by upstart Taobao back in 2006. In 2010, China’s online shopping industry had a turnover of $80bn, and grew 87% year-on-year. China’s 420 million internet users spend around a billion hours each day online – and last year, 185 million made at least one online purchase.”

Ferragamo shows resilience of luxury sector (Reuters)
“Up-market Italian shoemaker Salvatore Ferragamo posted first-half profits up by a third on Monday, adding to evidence that the luxury industry remains vigorous through the global financial turmoil… The Florence-based family firm, which is less profitable than its peers, said first-half core earnings before interest, tax, depreciation and amortisation rose 59 percent to 83.8 million euros, with a margin on sales of 18.2 percent from 14.9 percent a year before.”

Combining Sports, Music and Fashion Raises Buzz for Sneaker Companies (Forbes)
“Buzz scores—which measure recent consumer perception—have been rising among 18-49 year-olds since early August for sneaker giants Adidas and Nike, corresponding to the companies’ recent advertising endeavors that combine together sports, music and fashion.”

Snapette Aims at Women Shoppers (All Things Digital)
The majority of e-commerce sites share a single thing in common: They were built by dudes. That hasn’t escaped the founders of Snapette, a social photo-sharing app built by women, explicitly for women… The app, which launched in Apple’s App Store a few weeks back, focuses on the experience of shopping and leaves out buying altogether — for now.”

Lulu Kennedy: fashion’s fairy godmother (Telegraph)
“Kennedy is a fashion talent-spotter, founder of the venture Fashion East, which plucks emerging designers out of obscurity and gives them the chance to showcase collections to the style cognoscenti during London Fashion Week… Since 2000, star designers including Ilincic, Saunders, Richard Nicoll, Henry Holland of House of Holland and the Pringle designer Alistair Carr have all had their careers kick-started after being singled out by Kennedy’s gimlet eye.”