A boom in online luxury goods sales is finally convincing high-end watchmakers, long sceptical that customers would pay thousands to buy intricate timepieces on the web, to step up their investments in e-commerce.
The ‘Beast from the East’ as the recent snowstorm was dubbed in the UK may have dented sales at stores in February but it contributed to a 13.1% growth rate at webstores, according to the latest eRetail Sales Index.
American entrepreneur Gary Vaynerchuck has joined the advisory board of Dutch company Juramy, the parent company of fashion label Balr., which is one of the fastest-growing fashion companies in the Netherlands.
China accused the United States of "repeatedly abusing" international trade rules, as Beijing braced on Thursday for an imminent announcement from U.S. President Donald Trump slapping more tariffs on Chinese imports.
A report released by Brightpearl on Wednesday suggests that the introduction of try-before-you-buy services could spell disaster for unprepared e-commerce retailers, swamping them with returns and obliterating margins.