Day: July 18, 2020

Increase your sales after lockdown

Many businesses have suffered a sharp downturn due to COVID-19 crisis. Now that the government is easing the restrictions and more stores are reopening, it is time to think how to lure digitally-adapted customers back into stores.

However, many experts think that retailers will have to prioritise social distancing and hygiene measures, which are of high importance to consumers but can be quite overwhelming for businesses. Due to lockdown, many consumers have already turned to online shopping solutions. The survey by LEK Consulting shows that there is a 35% growth in ecommerce sales as opposed to the period before the outbreak.

The shift in consumer behaviour is unlikely to change overnight because people are either worried about catching the virus or concerned about going to crowded areas. Nearly half of consumers around the world will prefer to shop online instead of going to a local shop, according to GlobalWebIndex’s ninth

Read More

Next in final stages of buying UK arm of Victoria’s Secret

Next is finalising a deal to take on the UK arm of the lingerie brand Victoria’s Secret, which fell into administration last month.

The brand, once renowned for its controversial fashion shows featuring models known as “angels”, would give Next access to a potentially younger consumer.

It would mark the retailer’s second bold move into new markets during the coronavirus crisis after it signed up at least three former Debenhams’ outlets

Next is thought to have fought off rival bids from firms including Marks & Spencer, which considered using Victoria’s Secret alongside other brands as part of plans to liven up its online store.

The fashion and homewares retailer already sells a portfolio of brands via its Label catalogue and online business and previously acquired the younger brand Lipsy to help broaden its appeal.

The deal would not affect the Victoria’s Secret business in the US, which is owned by

Read More

China Finance Online signs deal with Dow Jones

China Finance Online Co. announced Friday it has signed a partnership agreement with Dow Jones & Co.

Dow Jones will provide China Finance Online with access to part of its Chinese language newswire service, including market commentary and spot news in Chinese.

China Finance Online has developed one of the largest analytical financial and economic databases in China over its 26-year corporate history. Its flagship portal site, www.jrj.com, is ranked among the top financial websites in China.

“This new partnership with China Finance Online marks an exciting new chapter for our business in Asia,” said Christopher Ellis, head of partnerships and licensing, Asia Pacific, at Dow Jones. “China Finance Online already offers its customers market-leading financial news content and data solutions. I am confident that through our partnership, we will be able to further elevate the quality of financial news and information that Chinese customers will now be able

Read More