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Amazon Turns To Manufacturers For ‘Exclusive’ Brands

PYMNTS

Amazon is taking a new approach to its brands, extending beyond its AmazonBasics and other private-label lines: The retailer is rolling out brands that are exclusive to the site, but are not actually owned by the company. At the same time, Perrigo also owns a brand called GoodSense.

Branding 166
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Reseller Market Maintains Momentum With Nordstrom’s Entry

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If there was any stigma left about used clothing it may have been erased last week as Nordstrom put its high-end brand on what it calls “re-commerce.”. While “reselling” or “secondary market” are more likely to keep ownership of this burgeoning market, the reselling market is reinventing itself for 2020.

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Frugal Consumers Buying More Off-Brand, Off-Price Products

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This newfound cost consciousness is reshaping the retail industry in everything from spurring the rise of fast fashion at the expense of mall “anchor stores,” to the increasing popularity of off-brands or store brands in the supermarket, to the shift in the apparel business, to off-price retail outlets over full-priced department stores.

Branding 100
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Farfetch IPO Shows Luxury Retailers Ready To Ware Online

PYMNTS

The online marketplace has disrupted any number of verticals, changing the way we shop and spend, and where we grab must-have items — from books to rugs to lamps, and sometimes from across international borders. We operate the only truly global luxury digital marketplace at scale, seamlessly connecting brands, retailers and consumers.

Online 101
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Saks Fifth Avenue CEO Lauds Holiday Luxury Buying Binge

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Metrick asked “why else” someone would be buying 110-millimeter pumps “from a luxury brand, when you’re working at home and on Zoom all day,” according to CNBC. Online sales had been doing well, making up for the 23 percent drop in the market since the pandemic began — the first major contraction since 2009.

Retail 172
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eBay Seeks Buyer For Korean Division

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Online marketplace and auction site eBay is looking to unload its South Korean unit, according to a report by Reuters. The unit includes one of the biggest online marketplaces in the country, called Gmarket. Gmarket was acquired by eBay in 2009 for around $1.2 The deal as a whole could potentially be worth $5 billion.

Regional 140
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Alibaba’s Singles’ Day Will Double As Economic Barometer

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11), with analysts expecting companies to ring up billions of dollars in online sales. "If If I had to offer a projection, I’d say [this year's Singles’ Day will generate] about $45 billion for the entire shopping festival," Kevin Carter , founder of the Emerging Markets Internet & Ecommerce ETF, told The Street.com. 11 each year.