International Strategy
For retailers and brands, global commerce is their most significant growth opportunity, but itโs also one of their biggest challenges. The nearly 2 billion online shoppers around the world now expect a seamless, localized shopping journey no matter where they live. Providing that experience is so challenging that many companies are simply resorting to distributorsโฆ
In episode 216 of Total Retail Talks, Executive Editor Joe Keenan interviews Luke Kingsnorth, CEO of Charles Tyrwhitt, a leading U.K.-based menswear retailer specializing in dress shirts, suits, ties and accessories. Listen as Kingsnorth discusses his background in the retail industry, his recent promotion to the chief executive position, and the expansion of the brand into newโฆ
The prospect of entering unfamiliar markets can be intimidating. But for online retailers, expanding overseas is a crucial step toward future revenue growth. Forrester predicts that 17 percent of online purchases in 2023 will be cross-border, accounting for a total of $736 billion globally. Online shoppers are increasingly purchasing products without hesitation from countries other than theirโฆ
This interactive webinar will feature expert speakers who will address the challenges associated with cross-border e-commerce.
With U.S. e-commerce sales forecast to grow to $561 billion in 2019, according to Statista, the competition for those dollars has intensified. As a result of the market pressures being placed upon U.S. retailers to support challenged brick-and-mortar stores with e-commerce sales, many are looking beyond domestic borders for growth opportunities. However, many are doingโฆ
Hudson's Bay Company (HBC) announced today that its board of directors has formed a committee of independent directors to review a proposal from a group of HBC shareholders who would like to take the company private at $9.45 per share. The shareholders, who collectively own 57 percent of the company, include HBC Governor and Executiveโฆ
E-commerce continues to evolve; therefore, itโs critical for e-commerce merchants to recognize the trends and be empowered to make better business decisions to drive sales. Some of the trends related to global online sales of digital goods and subscriptions are highlighted by 2Checkout, a digital commerce provider, in its Q1 2019 Digital Commerce Benchmark Report,โฆ
Picture a fast-growing digitally native vertical brand (DNVB) based in the U.S. After a few years of establishing a great relationship with American consumers and growing domestic popularity, itโs time to expand into new territory and sell cross-border. Global expansion has the power to transform a brand from a small, local player to a globalโฆ
For U.S. retailers and brands looking to expand globally and grow their revenue, Europe is very attractive. The e-commerce market is worth over $602 billion, with Western Europe accounting for approximately 68 percent of total European online retail turnover. Europe offers cross-border retailers access to over 500 million consumers and, unlike the U.S., is notโฆ
In our bustling retail landscape โ todayโs most competitive market โ itโs hard to believe that many online merchants, particularly those based in the U.S., avoid access to global transactions. When considering U.S. cross-border e-commerce is expected to generate sales of $203 billion by 2021, it should be a no-brainer for online retailers to consider capitalizingโฆ