The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The American retail giant has expanded into the lucrative Korean market by linking up with local e-commerce player 11st (also known as 11 Street), allowing shoppers to buy tens of millions of products directly from the latter platform, The Korea Herald reports.
The Amazon Global store has been introduced in 12 other markets; its selection on 11st spans over 30 categories, including fashion and electronics. The deal could give 11st, which is owned by mobile carrier giant SK Telecom, a boost in Korea’s cutthroat e-commerce market, but it faces tough competition in local giants like Coupang, Naver and Shinsegae Group, which in June acquired eBay’s Korean business for $3 billion.
Learn more:
A Guide to South Korea’s Booming E-Commerce Market
The pandemic set off an online shopping frenzy in what was already one of the world’s most digitally savvy countries. Here’s what brands need to know.
This week’s round-up of global markets fashion business news also features the China Duty Free Group, Uniqlo’s Japanese owner and a pan-African e-commerce platform in Côte d’Ivoire.
Affluent members of the Indian diaspora are underserved by fashion retailers, but dedicated e-commerce sites are not a silver bullet for Indian designers aiming to reach them.
This week’s round-up of global markets fashion business news also features Brazil’s JHSF, the Abu Dhabi Investment Authority and the impact of Taiwan’s earthquake on textile supply chains.
This week’s round-up of global markets fashion business news also features Dubai’s Majid Al Futtaim, a Polish fashion giant‘s Russia controversy and the bombing of a Malaysian retailer over blasphemous socks.