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 Walmart owned e-commerce giant has rolled out Shopsy, a separate platform where individuals and small businesses can share products from Flipkart sellers across their social media apps, place orders for other shoppers and earn a commission on transactions, KrAsia reports.
Shopsy’s offering will include categories such as fashion, beauty and e-commerce; orders placed via the platform will then be fulfilled by Flipkart. The platform is primed to compete with start-ups like Meesho, Shop101 and GlowRoad, which are backed or owned by Softbank, Indian mobile advertising firm InMobi and Korea Investment Partners respectively.
Flipkart’s entrance into the social commerce space underscores the immense potential and competition it holds, as well as the firm’s desire to increase its dominance in the Indian market. According to a report by Bain and Sequoia India, the local social commerce industry — currently worth $1.5 to $2 billion — will reach $20 billion by 2025.
South Korea is one of the world’s leading exporters of beauty products but the narrow definition of ‘K-beauty’ in international markets means many exciting brands in Seoul have yet to go global.
The apparel and footwear market in Colombia rebounded faster than in Brazil or Mexico, but Chile and Peru may not recover to pre-pandemic sales levels for years. Where are the region’s next growth opportunities?
An analysis of consumers in the United Arab Emirates and Saudi Arabia from BoF Insights reveals what’s at stake for both local and global brands in an industry in the midst of vast change.
Brands are partnering with Lagos-based talent to help them navigate the complexities of the country’s billion-dollar fashion market and create a ripple effect across the African continent.