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.
Chanel, Louis Vuitton and Tiffany & Co are among the brands expanding in Perth, Australia in a bid to tap its mining, oil and gas wealth and newfound status as a travel hub.
This week’s round-up of global markets fashion business news also features Haiti’s sourcing crisis, Brazilian jewellery giant Vivara and Dubai’s Ramadan shopping season.
This week’s round-up of global markets fashion business news also features Supreme’s long-awaited Shanghai flagship opening, India imposes MIP on undervalued imports of synthetic knitted fabric and striking Sri Lankan workers continue to protest.
Imran Amed shares his observations from a trip to the wealthy desert metropolis, home to the most lucrative stores for many of the world’s top fashion brands.