The fashion world can’t get enough of Russia. Experiencing something of a “Russian Revolution,” retailers are realizing that Russia and its shoppers are a new frontier in retailing. According to McKinsey & Company, online purchasing among Russians is expected to grow 27 percent annually through 2015 and reach $25 billion by 2014 .
I am pretty sure by now if you work in retail you have been bombarded with Black Friday studies and what percentage of consumers are predicted to put themselves in the red so that their favorite stores are in the black. Some retailers plan their entire fiscal calendar around this day, seeing as the whole idea of Black Friday was to put retailers financially in the “black” after low consumer spending the other three quarters of the year; however things have gotten a bit out of hand. 5AM door busters, open on Thanksgiving Day, and now Cyber Monday, consumers spend more of the holiday spending money on their loved ones instead of spending actual time with them. But this article is not a lesson of morality, more of consumer behavior, retailer stresses, and how to calm everyone down.
Branding Brand, the largest mobile commerce platform to major retailers, today announced that it has secured $9.5 million in Series B funding. The round was led by existing investor Insight Venture Partners and also included CrunchFund and Lead Edge Capital, along with new participation from eBay Enterprise.
Altuzarra and Kering today announce that Kering will become a minority shareholder of the New York-based Altuzarra fashion brand.
This investment marks the beginning of a relationship in which Kering will accompany the growth of the brand founded in 2008 by French-American designer Joseph Altuzarra.
GLM just got a makeover.
The platform that eases the flow of merchandise through tradeshows, consumer events and digital platforms has rebranded with a new logo and new website Formerly www.glmshows.com, the website new URL is now www.glmmarkets.com.
After spending half a dozen years in the gaming industry, Matt Friesen saw a need for developmental support for designers and created Thirdi Software, a “full service software team for hire.” Five years later, in Fall 2011, Matt sold his company and stumbled onto something new. Matthew Friesen co-founded Wantering, a new online shopping experience that would make online shopping fun and easy.
The Four Founders of Wantering
Photo Credit: Julian Fok
“We’re completely obsessed with giving people the tools they need to shop better and that includes building technology that solves the basic problems with online shopping.” The founders of Wantering are focused on the ecommerce experience. Unlike Pinterest or Wanelo, Wantering is focused on shopping rather than social curation. The site offers a list of top etailers whether it be flash sale sites, major retailers, or boutiques and puts together a list of procducts that are either top trends or are searched for. The site allows users to save items onto a “Loved By list” and keep watch over prices. This gives users the ability to watch out for sales, out-of-stock notices, or markdowns. Wantering allows users to search by category, brand, price, color, print, or materials.