Tag: etail

  • E-Mart posts first-ever loss ; restructuring lures

    E-Mart posts first-ever loss ; restructuring lures

    Korean discount chain operator E-Mart has posted its first-ever net loss, amid growing competition from online shopping rivals and e-commerce giants.

    The company’s quarterly results showed a net loss of KRW26.6 billion (US$24.7 million) between April and June, its first negative result since it was spun off from Shinsegae Group in 2011. The loss stands in comparison to a net profit of KRW94.8 billion ($77.7 million) during the same period last year.

    The company says it plans to raise 1 trillion won (US$820 million) by selling assets and will buy back stocks worth some 100 billion won to boost shareholder value.

    E-Mart says it expects its losses will to continue into the next financial period.

    “Online archrivals, such as Coupang Inc and other major e-commerce operators are forecast to expand their food category later in the year,” said Hana Financial Investment expert Park Jong-dae, “which could further weigh down E-Mart.”

  • E-Commerce to Be More And More About Community.

    E-Commerce to Be More And More About Community.

    People tend to be very loyal to their favourite brands and this is a luxury online few brands can afford thanks to their greate client services and details that make their customers feel unique. Nowadays, reaching customers and addressing tailored messages can be even easier thanks to the social media and, as an e-commerce business owner, you will need to customize your communication as much as possible to create a community around your brand.

    Before doing so, however, you will first need a store and a brand to build around. The good news is that this is now far easier than ever.

    Creating an e-shop never been that easy

    In the past, building a website was a highly technical affair as knowledge and experience in computer coding was necessary. This meant that owning a website was out of reach for many people that had neither the skills to build one, or the budget to pay costly website builders.

    This has all changed, however, with online store builders such as Shopify.  These solutions are designed to make it as easy as possible for anybody to use. You can choose from a variety of themes to get you started, while they also have drag and drop features that allow you to place what you want, where you want it, with ease.

    It’s not just that you can now build an e-commerce site easily, but platforms also come with an array of useful features that help you to get the most from your online store.

    Here’s a look at some of the features that will help to make your site a success.

    • Affordable Pricing: A basic Shopify package will cost you just $29USD/month. This package will have all that first-time store owners need, while more advanced packages are available for owners of stores that are busy and need more advanced features.
    • Customer Profiles: E-commerce builders can be integrated with apps that allow you to track your customers’ shopping habits. This will provide valuable information that enables you to offer the right products at the right times, generating brand allegiance and additional revenue.
    • Social Media Integration: With so many people using social media apps like Facebook, it makes sense to integrate your store with these platforms to tend to what we call social commerce. This will give you access to a greater market, as well as additional features that can help improve customer satisfaction and your bottom line.
    • Dropshipping: Buying stock is one of the most expensive and riskiest aspects of starting a business, but e-commerce site builders help to do away with that risk. E-commerce dropshipping apps mean that products are shipped directly from the supplier, meaning you don’t have to pay a penny for the products before you make a sale. It also overcomes headaches involving storage and other logistical issues.

    With such an easy to use and intuitive system, it is easy for people even without technical skills to build an e-commerce store that competes with the best in terms of appearance and functionality.

    Turn your customers into ambassadors

    The next task is to attract customers and build up your brand, and there is no better way to do this than to build a community surrounding it. Word of mouth is the best tool to sell your products and your ability to build a positive feeling about your brand and your products will be an asset to take over your competitors. Question is, how to develop a community?

    Content Marketing

    Content marketing is a method of growing your brand and generating further revenue without actually pitching for sales, mainly by creating high value pieces of content to build your audience and community, which can be achieved by releasing surveys and articles that will tackle all the questions your prospects have about your products.

    It can be incredibly effective when done right, helping to generate loyal brand devotees rather than one-time customers. One of the best examples of this is GoPro. The brand uses the videos filmed by their own users to build its community, by uploading them on its own platform. While there are many ways to use content marketing to build a community, help your customers and creating a positive image are two important strategies to set-up.

    Key Opinion Leaders

    When people in a position of trust, respect, or authority say something, others tend to list. Imagine having Beyoncé say that she bought an accessory from your fashion e-commerce store. The only problem you will have there is being able to keep up with the orders that flood in.

    This might be an unlikely example, but if you can, you should do what you can to get your products mentioned and establishing partnerships through influencer agencies or directly by outreaching them on Instagram is an essential part of a proper marketing campaign.

    Create Events

    E-commerce sites may do their business in the virtual world, but that does not mean to say they should not be noticed in the real world as well.

    One great way to get yourself noticed away from the world-wide-web is to create events for others to get involved in. Here, you can have people interact with your products as well as with you and any team members you may have. If you can’t create events yourself, then look for other events that your business may be able to take part in and contribute to.

    Story Telling

    Story telling is a fantastic opportunity to help your potential customers really relate with your brand. The right story can push the right buttons and even help your audience form an emotional attachment to your brand. When creating your story, you should make sure that you understand your audience well and know what makes them tick. Appeal to their desires, their needs, and their problems and demonstrate how your products are just what they need. Even if it does not make a sale immediately, the right story could still have you well on your way to acquiring loyal followers of your brand.

    Building an e-commerce store is the easy part, the harder part is attracting customers and keeping them. Building a community around your brand is one way to achieve this.

  • Amazon country manager Rocco Braeuniger leaving the office

    Amazon country manager Rocco Braeuniger leaving the office

    Amazon Australia’s country manager Rocco Braeuniger is leaving after just two years in the job to take a “senior international role within Amazon”, a spokesperson for the e-commerce company said.

    Braeuniger arrived in Australia in 2017 to oversee the launch of Amazon’s marketplace and retail offering Down Under.

    Since flipping the switch in December 2017, Amazon’s offering has grown to include more than 125 million products across 29 categories, as well as key services such as Fulfilment by Amazon and Prime. The company recently brought its startup incubator program, Launchpad, to Australia.

    In April, Amazon Australia reported $106.26 million in revenue from retail sales in 2018, and an additional $4.32 million in revenue from subscriptions services, that is, Prime.

    But Braueniger disputed the comments and reiterated to the AFR Amazon’s previous statement that its launch in Australia was its most successful launch to date.

    Braeuniger will be replaced by Matt Furlong, from October 1, 2019, who has held a range of roles at Amazon in North America over the past seven years.

    Furlong’s current title, according to LinkedIn, is director and technical adviser of Amazon North America. Previously, he was director and general manager of the home improvement, tools, major appliances and smart home category, and before that, category leader of musical instruments.

    “In his new role, Matt will bring invaluable experience from his time in US retail leadership roles and we look forward to him continuing to lead the team in bringing great selection, every day brilliant value, convenience and fast delivery to customers across Australia,” the Amazon spokesperson said.

  • Amazon targets SMEs with Launchpad

    Amazon targets SMEs with Launchpad

    Amazon has brought its small business-focused Launchpad initiative to Australia.

    Launching on Tuesday, the program aims to help startups and entrepreneurs sell in a wider market. Over 150 local and international brands are already on board.

    As part of the program, brands will be featured on customized product pages, receive marketing support and gain access to Amazon’s fulfillment services including unlimited deliveries through Amazon Prime.

    “Australian investors and entrepreneurs are responsible for some of the most innovative consumer products in the world, from the electric drill right through to Vegemite,” Amazon Australia country manager Rocco Braeuniger said.

    “We know that product creation is only one part of the equation in launching a product and that marketing, logistics and finding an audience can be just as challenging.

    “With Amazon Launchpad, we have a program that will help ease some of these challenges for startups and entrepreneurs alike, allowing them to focus on growing their business and freeing up time for future innovation.”

    Sugar-free drink business Nexba, Beach House Group’s skincare brand Marlowe and sunglasses retailer Soda Shades are some of the local brands participating in the program at launch.

    According to Josh Miller, co-founder of Soda Shades, being featured in the program allows the brand to reach a wider audience.

    The program was initially launched in the US in 2015 and has resulted in thousands of products being launched across several categories. It is now available in eight countries: the US, the UK, Germany, France, Italy, Spain, India and Australia.

  • Online fashion retailer Boohoo ready to buy Karen Millen and Coast

    Online fashion retailer Boohoo ready to buy Karen Millen and Coast

    Fast-growing pure-play online fashion retailer Boohoo is preparing to acquire the Karen Millan and Coast brands.

    According to sources quoted by Sky News, Karen Millen will be placed in administration as early as today, UK time, in what is termed a “pre-pack administration” where the new buyer acquires the assets relatively unencumbered.

    The deal – assuming it proceeds – is remarkable in that it reflects the power of new-generation online retailers being in a place to pounce on struggling brands like Karen Millen, itself an icon of the high-street fashion scene.

    Boohoo Group, listed on AIM, a subsidiary of the London Stock Exchange, owns a controlling share in PrettyLittleThing. Last month, thanks to an association with reality TV series Love Island and high-profile celebrity endorsements, Boohoo overtook Asos as the most valuable online fashion retailer in the UK, its valuation touching £2.35 billion. Its share price has surged 29 percent this calendar year.

    According to Sky News’ sources, Karen Millen is about to appoint Deloitte as administrator of the business, preparing the way for Boohoo to proceed with the purchase.

    The two fashion labels have been on the market for six weeks during which management attempted to secure a sale of the business while it remained solvent. Karen Millen bought Coast out of administration last October. Karen Millen and Coast were both previously owned by Icelandic bank Kaupthing.

  • Samuel Hubbard launched E-commerce platform in Australia

    Samuel Hubbard launched E-commerce platform in Australia

    US footwear brand Samuel Hubbard will launch online in Australia and New Zealand next month through an exclusive partnership with Gold Coast-based orthotic shoe distributor Global Footcare.

    The 10-style range will be featured on the Global Footcare website, in an effort to test the online market for more premium orthotic footwear options.

    According to Global Footcare managing director Jeff Coombridge, adding US brands to the mix was a natural fit.

    “We pride ourselves on our carefully selected products that are not only supported by the medical industry but also stylish for the consumer and the Samuel Hubbard brand aligns closely with those values,” Coombridge said.

    “The Samuel Hubbard brand was developed by the founders of the hugely successful Rockport Shoe Company and with an 85-year history of shoe craftsmanship, they deliver a premium product with extreme comfort that has seen great success in the US, strongly represented with premium shoe retailers.”

    The partnership is not Global Footcare’s only international deal, also supplying Vionic Shoes and Os1st brand to Australia, as well as manufacturing its own Revere Shoes.

    Global Footcare re-branded from Vasyli Medical Orthotics in 2008 in an effort to expand beyond wholesale and into the consumer market.

    “Whilst adding large brands such as Vionic to the portfolio and developing our signature brand, Revere, we moved into mainstream retail, sports shops, e-commerce, and TV shopping and over the last 12 years have continuously sustained double-digit growth in revenue,” Coombridge said.

    “We are proud to provide end to end solutions for the people that matter most – our customers.”

  • Amazon in talks over Reliance Retail

    Amazon in talks over Reliance Retail

    Amazon is in talks with Reliance Industries Ltd’s retail unit to buy a stake in India’s biggest brick-and-mortar retailer, two sources with knowledge of the talks told Reuters.

    Amazon’s massive online presence could help bolster Reliance’s consumer and private labels business. More importantly, a partnership would help the duo counter Walmart, which last year invested US$16 billion in India’s Flipkart, in the battle for a bigger share of India’s fast-growing e-commerce market.

    In late December, India modified rules around foreign direct investment (FDI) in e-commerce, creating additional hurdles for companies such as Amazon and Flipkart, and giving companies such as Reliance an edge.

    Amazon had made the proposal to Reliance – controlled by Mukesh Ambani, India’s richest man – for the partnership, but it was not clear whether a deal would materialize, said one of the sources.

    The second source said Amazon had been pondering a proposal to purchase an up to 26 percent stake in the Reliance unit since at least February.

    “For Amazon, it is about neutralizing a major rival and allowing itself to grow,” said the second source, who added the company envisions helping Reliance’s roughly 40 brands and grocery products go online.

    Further details of the possible deal, first reported by India’s Economic Times newspaper last week, were not immediately clear.

    Amazon did not immediately respond to request for comment while Reliance said it would make any disclosures to stock exchanges as and when necessary.

    Reliance could potentially leverage Amazon’s global experience in technology, supply chain and logistics as it aims to connect grocery stores across the country digitally through its Jio telecoms network – the biggest in India by subscribers.

    For Amazon, picking up a stake in a Reliance unit could mean getting access to the Jio telecoms platform and its vast retail footprint of more than 10,600 stores across India. It might also add more firepower to their lobbying efforts, as the Ambani family is viewed as being well-connected politically.

    Seattle-based Amazon is keen to get a bigger share of India’s e-commerce market, which Deloitte expects to more than treble to $84 billion between 2017 and 2021.

    Reliance was previously in talks with China’s Alibaba to sell a stake in Reliance Retail, but a deal could not be sealed due to differences in valuation, according to a person familiar with the matter.

  • Vietnam cross-border e-commerce platform Fado eyes expansion

    Vietnam cross-border e-commerce platform Fado eyes expansion

    Fado, the first Vietnam cross-border e-commerce platform, plans to help local SMEs go global.

    “Vietnam has so many quality products but local suppliers don’t have an official platform to sell them worldwide,” Fado CEO Pham Tan Dat said.

    “Our mission is to create a channel for local SMEs to reach global customers.”

    As Alibaba’s authorised global channel partner in Vietnam, Fado plans to help 260 million SMEs access 190 countries.

    In 2017, 32 percent of Vietnam SMEs partnered with foreign online partners. Last year, the rate was 98 percent, among which two-thirds were ‘extra-small businesses’.

    Founded in 2011, as a cross-border shipping company, Fado rose to become the first cross-border e-commerce platform in Vietnam in 2014.

    Technically partnered with Amazon, Fado connects Amazon suppliers with Vietnamese shoppers on a single platform.

    “Our services are not only legal but also convenient to customers. They don’t have to worry about how their purchases are shipped cross border. Customers enjoy our return policies if the products are not as described on websites.

    Shoppers also can buy discounted products in real-time, especially during events like Amazon Prime Day, without subscribing to a membership.

    The platform has partnered with Proship to deliver products within its home market.

    Fado’s biggest challenge is how to calculate import tax for 4 billion products before customers purchase them, especially during sales.

    “Fado builds a product database using machine learning and AI including images and description so the system can recognize them and apply the right import-tax code. Our system also recognise products banned according to Vietnamese law,” Pham added.

    Vietnam’s cross-border e-commerce market is predicted to increase by 30 percent annually. According to Vu Ba Phu, head of Vietnam’s Trade Promotion Agency, the global market will reach US$3300 billion in the next two years.

  • Superdry India to launch E-commerce initiative

    Superdry India to launch E-commerce initiative

    A dedicated Superdry India website is set to launch later this month.

    The British fashion retailer already trades in the territory online via Myntra, Ajio and Amazon via a deal with Reliance Brands. The new direct-to-consumer platform, launching mid-August, serves as the next step in the firm’s expansion plans.

    Superdry India, which has recently achieved double-digit growth, expects to generate 7 to 10 per cent of its revenues through the new site within the next year as it also moves to expand its physical footprint within the country.

  • Alibaba targets 30 million US SMEs

    Alibaba targets 30 million US SMEs

    Alibaba has opened its platform to enable US businesses to sell their products to millions of Alibaba.com buyers in the US and around the globe.

    The nearly 30 million small and medium-sized businesses in the US – especially manufacturers, wholesalers, and distributors – can now better access the US$23.9 trillion global B2B e-commerce market, an opportunity that is six times larger than the global B2C e-commerce market.

    Alibaba is also co-producing a series of “Build Up” workshops and webinars with local chambers of commerce and B2B organizations across the country – including Score, one of the nation’s largest non-profit networks of volunteer, expert business mentors.

    “Alibaba aims to empower entrepreneurs and help them succeed on their own terms,” said Alibaba Group’s head of North America B2B John Caplan. “With 10 million active business buyers in over 190 countries and regions, we are reshaping B2B commerce by providing the tools and services needed for US SMB companies to compete and succeed in today’s global marketplace.”

    “Alibaba’s announcement to welcome US sellers onto its B2B marketplace shows the Chinese retail giant’s desire to diversify its product offering,” said Emarketer principal analyst Jillian Ryan.

    “Currently, about 90 percent of the goods sold on the marketplace are from factories in China that are often manufacturing custom goods-to-order for buyers across the globe. Buyers on the platform are from developed nations like the US, Canada, India, Australia, Brazil, and the UK, and these buyers want to be able to source goods from the US.”

    As part of its extended services, Alibaba has streamlined the ability to build and manage a single digital store on the global Alibaba.com platform; added valuable transaction capabilities, including online payment; built CRM and communications tools to facilitate the direct ownership of customer relationships; enhanced digital marketing tools to target any appropriate B2B demand; and provided an option to work with Alibaba.com’s US-based Seller Success team.

  • Zalora Philippines targets 50-per-cent annual sales growth

    Zalora Philippines targets 50-per-cent annual sales growth

    Fashion e-tailer Zalora Philippines is targeting 50 percent annual growth in sales over the next five-year period.

    The firm’s confidence in its target is based on the number of Filipinos embracing online shopping.

    “We will end the year with more than 50 percent growth year on year,” said Zalora Group CEO Gunjan Soni, “and we expect that trajectory to continue”.

    “We actually see that trend continuing in terms of very high double-digit growth for at least the next five years,” said ZPH president and CEO Paolo L. Campos III. “We don’t see growth tapering, we see it sustaining at the very high double-digit level.”

    Zalora also operates in Singapore, Malaysia, Thailand, Vietnam, Taiwan, and Hong Kong.

  • Alibaba’s flash sale and marketing platform Juhuasuan has launched

    Alibaba’s flash sale and marketing platform Juhuasuan has launched

    Alibaba’s flash sale and marketing platform Juhuasuan has launched an upgraded version of Jutudi, a digital initiative to help Chinese farmers optimise their supply chain and offer consumers better deals.

    Juhuasuan is Alibaba’s sales and digital marketing platform, enabling brands and merchants to broaden their reach to consumer segmentations across China through online and offline campaigns. Brands design and hold flash sales through the platform, using analytics and recommendations powered by Juhuasuan, to identify the most preferred product assortment for targeted regional consumers. It also offers a group-buying option to offer limited-time best deals to consumers.

    The Jutudi initiative first debuted in 2014, allowing consumers to become “virtual farmers” by “purchasing” a small plot of land online from the growers. The farmers would ship the produce to the consumer when the crop ripened. The new Jutudi moves to help boost farmers’ digital competitiveness, offering farmers and cooperatives science-backed analytics to improve their crop and supply chain management.

    Currently, 20 different cooperatives from a dozen provinces around China have joined the initiative. The plan is to widen the reach to at least 1,000 farming cooperatives within two years.

    “Going beyond flash sales and promotional campaigns, the new Jutudi offers the farmers a solution that taps into the Alibaba digital economy, giving farmers broader opportunities to move their produce,” said Tmall and Taobao marketing GM Liu Bo. “Supported by the entire Alibaba ecosystem, Jutudi uses the algorithm from Alibaba Cloud to help farmers plan their crops and harvest. Our smart-logistic network, Cainiao, offers expedited delivery services to ensure freshness. Moreover, consumers can take advantage of flash sales on Juhuasuan to get the best bargains.”

    One example is peaches from Hubei Province – by collaborating with Juhuasuan, peach growers there sold 100 tons of fresh peaches within just two hours last month. The performance encouraged the farmers to embrace other digital tools offered by the Alibaba ecosystem, such as leveraging Alibaba Cloud’s AI technology to standardise their crop management. As a result, costs for the farmers decreased by 10 per cent.

    Juhuasuan further boosted the region’s value chains by connecting the peach growers to Three Squirrels, a China-based food conglomerate and snack maker that turned fresh peaches into popular dried fruit snack packets to be sold on Taobao and Tmall.

    Based on Juhuasuan’s flash sale and collective buying model, Jutudi lets consumers pre-order agricultural products before the harvest. The platform works directly with the cooperatives or the farmers. By bypassing the middlemen and traditional wholesalers and distributors, subsequent savings are passed on to consumers. For many items, the discounts can be 30- to 50-per-cent lower than regular prices.

    For farmers, the pre-sale model confers a higher degree of certainty that at least a portion of their crop will be sold. Once orders have been locked down, the farmers can harvest and pick fruits or vegetables according to the orders they’ve received. This can help prevent surpluses or shortages, and also reduces cost. Another benefit of the model is that consumers can always get fresh, in-season produce. According to the platform, the farm-to-table journey time can be as short as 48 hours once the order has been placed.

    Harnessing consumer insights from Tmall and Taobao, as well as data from Alibaba Cloud, Jutudi can boost farmers’ ability to forecast what would be popular in the coming year and approximately how much to plant to meet future demand. Traditionally, farmers plan their crop based on sales of the previous season. This often incurs the risk of overproduction or underproduction. However, by using data and scientific insights provided by Jutudi, farmers can more accurately predict the next hot items. Such predictions are especially crucial for farmers of specialty crops to capture niche market share.

    An example is the pumpkin growers in desert areas of Gansu province. Based on data and shopping trends provided by the platform, farmers now know through some light processing, they can turn the whole pumpkins into easy-to-carry microwave meals targeting office workers. The explosive popularity of these pumpkin meals have encouraged pumpkin farmers to double their crop area from the current 396 acres in preparation for next year’s sales.

    Juhuasuan has successfully promoted an array of agricultural products. In the past six months, through flash sales, 330 tons of lychees from Hainan Province, 165 acres of fresh roses and 3 million mandarin oranges from Yunnan Province were completely sold out within 72 hours.

  • Indian fashion house Ritu Kumar looks to raise $20 million

    Indian fashion house Ritu Kumar looks to raise $20 million

    Indian apparel label Ritu Kumar is seeking a cash injection of up to US$20 million.

    The firm will branch into new retail segments such as home furnishings and accessories.

    “We are in the market this year looking for another injection, a larger injection than last time,” said Ritu Kumar MD Amrish Kumar. “Also, [private equity firm] Everstone is coming to the end of their cycle, so they will be looking for an exit sometime soon.”

    Everstone invested $14.5 million in Ritu Kumar five years ago. The firm currently operates 90 outlets under three designer labels.

  • Warehouse gears up for e-commerce launch

    Warehouse gears up for e-commerce launch

    New Zealand’s biggest retailer is in the final stages of launching an e-commerce site, according to media reports.

    The Warehouse Group, which operates The Warehouse, Warehouse Stationery, Noel Leeming and Torpedo7 stores, is reportedly planning to launch an online-only offering called TheMarket next month.

    The website, which is currently accessible in beta form at www.themarket.com/nz, advertises a wide range of product categories, including men’s, women’s and kids’ clothing, homewares, health and beauty, toys and games, electronics, sports and more, and in-demand brands, including Billabong, P.E Nation, Cooper St, Matchbox and Kevin Murphy.

    The range would put TheMarket in competition with cross-border e-commerce players, such as The Iconic and Asos, which have localised their offerings to the New Zealand market, where online shopping currently makes up just 8.1 per cent of total retail spend, according to the latest NZ Post report.

    Like The Iconic and Asos, it seems TheMarket will operate as an online marketplace, where brands pay a fee to sell products directly to customers via the platform. On the website, TheMarket says it will provide access to 3.5 million active customers, localised customer service and last-mile delivery and return network.

    TheMarket will offer customers a subscription option that would wipe the delivery on all orders.

  • Michael Kors launches on Tmall Luxury Pavilion

    Michael Kors launches on Tmall Luxury Pavilion

    US fashion brand Michael Kors is to launch a digital flagship store on Alibaba’s Tmall and the Tmall Luxury Pavilion.

    The launch marks Michael Kors’ first e-commerce channel in China, apart from its own site, offering consumers the full line of clothing sold offline, as well as a selection of handbags and footwear. The brand said Tmall would be its main destination for debuting products in China, including new items that will be exclusive to the platform – not sold anywhere else in the world.

    John D Idol, chairman and CEO of Capri Holdings, the parent of Michael Kors, Versace and Jimmy Choo, said consumers are becoming more digitally engaged with luxury shopping in China and Tmall Luxury Pavilion is the perfect venue for the Michael Kors brand to communicate its vision.”

    The label will hold a series of events in the coming months, including during New York Fashion Week in September, to celebrate the flagship’s grand opening. On Chinese Valentine’s Day, on August 7, Michael Kors will launch a capsule collection featuring graffiti-inspired clothing, handbags, footwear, jewellery and wristwatches, samples of which are pictured below

    “Michael Kors is an iconic, beloved brand and we are delighted to partner with it as it looks to accelerate its momentum in the Chinese market. This collaboration will bring both exciting products and elevated shopping experiences to the more than 700 million Chinese consumers on our platforms,” said Jiang Fan, president of Taobao and Tmall.

    Launched in 2017, Tmall Luxury Pavilion now offers more than 115 brands, ranging from apparel and beauty items to watches and luxury cars, including Chanel, Bottega Veneta, Valentino, Burberry, Tod’s, Versace, Stella McCartney, Moschino, Gentle Monster, Giuseppe Zanotti, MCM, Maserati, and LVMH-owned Rimowa, Guerlain, Givenchy, Tag Heuer and Zenith.

    Tmall wants to double that number by the end of next March.