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Channel Talk
December 19, 2023

ARTicles

D2C menswear fashion brand Snitch has scooped up Rs 110 crore (approximately $13 million) in a Series A funding round co-led by SWC Global and IvyCap Ventures.

South Korean retail giant Coupang announced on Monday (Dec. 18) that will rescue UK online fashion destination Farfetch with a $500 million deal. That money saves Farfetch from the dustbin of history for now, but it also dooms the company’s tie-up with longtime rival Yoox-Net-a-Porter (YNAP).

Major tech companies reported an increase in ad revenue at their most recent quarterly reports, driven by e-commerce advertisers that continued to spend on performance marketing.

While many brands continue to launch and build their brands online, many are discovering that in order to scale, forming wholesale partnerships and opening brick-and-mortar stores is becoming increasingly necessary, according to GlobalData.

Generative AI can assist commerce-based organizations in several impactful ways. A business report highlights five key examples.

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Spotlight on Brands

In this article, we dive into Jonathan's journey from a student of fashion design to co-founding Wool & Oak, and how this brand is redefining travel essentials for the modern traveler. Let's explore the story and vision behind Wool & Oak's innovative products.

Feel the beach breeze and hear the waves crash? That's the heart of Surfside Supply Co. It's a brand for those who love the coastal life, no matter where they live. Chris Manley started it in 2012, celebrating all the best beach moments – from chilling on the sand to enjoying cool evenings with friends. Though this easygoing vibe extends way beyond the beach - these are clothes that go from casual office to parties to BBQs to couch.

Meet Ian Gruber, the dynamic CEO of apliiq, who is revolutionizing the e-commerce and apparel industry. His background in software development, especially in e-commerce SaaS solutions, equips him with a unique blend of technical prowess and deep market understanding. At the helm of apliiq, Ian is leading a significant shift in the retail landscape, particularly in response to the growing trend of online shopping post-pandemic.

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Food for Thought

South Korean ecommerce group Coupang has agreed to acquire Farfetch, providing a lifeline for the foundering luxury-focused online retailer that had been rushing to avoid insolvency.

One of the biggest innovations to shopping came about in 1872, with the founding of the first mail-order company. Prior to that, you had no other choice but to visit a store in person—or at least send someone out with a shopping list. Fast forward 80 or so years, and another significant change in the way people shop came about. It was a return to in-person shopping, but now nearly everything could be found in one convenient spot: the shopping mall.

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