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 Singapore-based e-tailer, which is also active in markets like Malaysia, Thailand, Taiwan, Indonesia, Vietnam, the Philippines and Brazil, raked in average monthly website visits of over 90 million in 2020, Nikkei Asia reports.
The data, compiled by online shopping aggregator iPrice Group, ranks Shoppee above of rival Tokopedia, which saw average monthly visits of over 80 million. Shopee performed strongest during 2020′s fourth quarter (a promotion-heavy period), when the platform averaged 129 million site visits per month, against Tokopedia’s 114 million. The Singapore-headquartered start-up also ranks first in Google and Apple’s App Stores.
But competition is intensifying. Tokopedia is set to merge with ride-hailing and e-payments giant Gojek to create an Indonesian super-app; the two firms are reportedly planning to take the entity public.
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.