Japanese Billionaire Cashes Out of Online Fashion—Next Stop? The Moon

TOKYO—The Japanese billionaire who wants to fly around the moon on Elon Musk ’s spaceship is cashing out of his online fashion business back on earth by selling control to Yahoo Japan Corp.

Yahoo Japan plans to take a 50.1% stake in Yusaku Maezawa ’s Zozo Inc., which operates a popular fashion site in Japan, paying about $3.7 billion, the companies said Thursday.

Mr. Maezawa, who will step down as the site’s chief executive, is one of Japan’s most prominent tech entrepreneurs, known for his attention-grabbing exploits. He paid $110.5 million for a Jean-Michel Basquiat painting of a black skull in 2017 and last year appeared with Tesla Inc. ’s Mr. Musk to announce that he had bought the first ticket to fly around the moon on a SpaceX vehicle.

Mr. Maezawa has been trying to revitalize Zozo, which reported a decline in annual profit for the year that ended in March. It was the first such drop since the company’s shares went public in 2007. The cost of developing and delivering the body-measuring Zozosuit, which Mr. Maezawa had thought would become a catalyst for growth, weighed on its profits.

“I will move on to a new road,” Mr. Maezawa said on Twitter after the announcement.

Yahoo Japan, which operates a widely used shopping site in Japan, said it would buy Zozo stock at ¥2,620 ($24.30) a share. It said Mr. Maezawa, who currently owns a 36.8% stake in the company, would sell most of those shares—a 30.4% stake—to Yahoo Japan.

Zozo shares rose 15% in early Tokyo trading to ¥2,495, just below Yahoo Japan’s offer price. Yahoo Japan said it would begin a tender offer in early October, but added that Zozo would keep its separate listing, so not all shareholders who wish to sell can necessarily do so.

Yahoo Japan is independent of the Yahoo website in the U.S. The U.S. Yahoo site is owned by Verizon Communications Inc. ’s media unit, while Yahoo Japan is listed in Tokyo. Its shares were up slightly on Thursday. SoftBank Group Corp. and its Japanese telecommunications unit together owned 47.5% of Yahoo Japan shares as of March 31.

Mr. Maezawa founded Zozo in 1998 as a seller of imported CDs and records. The company made it to the top of Japan’s e-commerce fashion world by offering leading brands on its Zozotown site that previously were available only in elite department stores.

But the chief executive has acknowledged that his attempts to develop the Zozosuit—with sensors and an app to take body measurements—and a Zozo house brand of clothing haven’t taken off.

“I wanted to provide clothes that perfectly fit any body shape, but honestly it didn’t work out very well,” Mr. Maezawa said in a recent interview with The Wall Street Journal.

Customers complained that using the suit didn’t result in a particularly good fit and some called it a publicity stunt. As investors grew skeptical about Mr. Maezawa’s vision for Zozosuit, the company’s stock price fell in half.

Amid the struggles, Mr. Maezawa, a frequent Twitter user whose posts often influenced the stock price, said he would take a break to focus on restoring his business. Zozo’s profits rose 28% in the April-June quarter.

He has been working on a new project to offer customers better-fitting shoes. The company is preparing to distribute the Zozomat, which combines a smartphone app with a special paper mat that has markers to enable users to take 3-D scans of their feet.

His departure may have come as a surprise to investors, but he was known for making swift decisions.

Referring to a Japanese proverb that says sitting three years on a cold stone will make it warm, Mr. Maezawa told the Journal, “I sit on that stone for three days. I can’t wait for three years.”

Write to Megumi Fujikawa at [email protected]

[“source=wsj”]

The Best Memorial Day 2019 Clothing Sales Online

The Best Memorial Day 2019 Clothing Sales

Many of us think of Memorial Day weekend as a time to snag home items and take advantage of mattress sales and markdowns on appliances. But that doesn’t mean you’re limited to finding good deals on these big-ticket items.

If you’re not looking for big home purchases but instead simply want to get a new pair of sandals or spring dress for cheap, you’re in luck, because there are a ton of great Memorial Day weekend fashion sales on shoes, clothing, bags and accessories.

Below, we’ve rounded up a handful of the best deals we’ve spotted. Just be sure to check back, as we’ll keep updating this list as deals are announced. Plus, if you want more of our editor-sourced products and reviews, sign up for HuffPost’s sales and deals newsletter.

Looking for the best deal before you buy? Take a look at HuffPost Coupons, where we have hundreds of promo codes from brands you trust, including Memorial Day weekend coupon codes.

Take a look below:

FYI, HuffPost may receive a share from purchases made via links on this page.

FASHION DEALS

MILKOS VIA GETTY IMAGES

Nordstrom

Nordstrom’s Half-Yearly Sale is going on now, and you’ll get up to 50% off name brands like Madewell, Topshop and more now through June 2.

Anthropologie

Get an additional 40% off sale items May 23 to May 27.

Everlane

Everlane just added a bunch of new styles to its Choose What You Pay sectionsfor men and women.

Zappos

Check Zappos sale section for deals on various sizes and styles beginning May 24.

Asos

Get 40% off fresh drops at Asos right now.

Keds

Get 25% off full-price items from May 23 to May 28.

RACHEL Rachel Roy

Get 40% off site-wide with codeSUMMER40 at check May 24 to May 28.

Adrianna Papell

Get 20% off Adrianna Papell from May 25 to May 28.

Urban Outfitters

Save up to 50% on fashion from Urban Outfitters on May 27.

Old Navy

Get 50% off all tees, tanks, shorts and swim now through May 31.

Shopbop

Save up to 40% on thousands of styles like Ulla Johnson, Rag & Bone and Club Monaco starting on May 21.

Express

Take an extra 50% off clearance from Express.

Franco Sarto

Get 25% off at Franco Sarto with codefsmemorial25 May 23 to May 27.

Gaiam

Get 20% off sitewide, with an extra 10% off $100 with code MEMORIAL10.

True & Co.

Save 20% off sitewide with code BIGSALE at True & Co.

Chinese Laundry

Buy one, get one 50% off from Chinese Laundry with codeBOGO50 May 22 to May 27.

Fossil

Take an extra 25% off sale styles with code READY25 from Fossil until May 27.

Peruvian Connection

Get free shipping and 20% off sale items May 23 to May 27.

eBags

Get 20% off at eBags May 24 to May 25.

Draper James

Get 40% off at Draper James May 24 to May 27.

Rag & Bone

Get 20% to 30% off at Rag & Bone now through May 27.

Lensabl

Take up to 20% off all lenses when you use code MDW from May 23 to May 31.

EyeBuyDirect

Get 20% off all frames and 30% off all lenses with code 20AND30 from EyeBuyDirect.

Reebok

Take $5 off any purchase, $10 off orders $85 or more and $20 off $100 or more with code SAVEMORE until May 31.

Net-A-Porter

Get up to 50% off on participating brands like Cult Gaia, Hunting Season and Prada from Net-A-Porter starting May 21.

HuffPost Store

Get 15% off T-shirts and lifestyle items with code WEEKEND15.

[“source=huffingtonpost”]

Online Fashion Market (2019-2026) Rising With Immense Development Trends Across Globe By 2026 | Amazon Inc., Walmart, Alibaba Group Holding Limited, Aras Kargo A.S.

Online Fashion Market

Online fashion refers to retailing of fashion product such as clothing, footwear, jewelry, accessories and others on online platform. Increasing penetration of smart phones will help to boost global online fashion market. Rising Demand of online fashion due to features such as online sizing as well as on site search. This growth is primarily driven by Growing online access as well as smartphone penetration, Innovating Sales Strategies Such as Offers and Cashbacks and Rising Demand due To Features Such as Online Sizing as well as On Site Search.

Report Consultant adds Online Fashion Retail Market Report to its research database that gives a detailed investigation of the current scenario of the Online Fashion Retail Market and developing business sector patterns. The Global Online Fashion Retail Market report offers a complete data that makes it possible for the development of business in a simple and well-planned way. It also helps in the creation of leading business options. The abstract includes the business overview, size, demand, forecast, latest trends, and Market share of the dominant players.

Online Fashion Market Top Leading Vendors :- Amazon Inc., Walmart, Alibaba Group Holding Limited, Aras Kargo A.S.,11Street, Asos.com, BRT S.p.A, DPD GeoPost Deutschland GmbH, Gmarket, ZARA, Levis, adidas, Kering, Adidas, Ross Stores, Richemont, H&M Group, Hermès, TJX Companies, LVMH, Nike, Inditex, LVMH, Prada, Nordstorm, Burberry, Capri Holdingd, Kering, Kering, Ralph Lauren Corporation, Hugo Boss, Luxottica Group SpA and Ted Baker.

The report is elaborated by considering the various factors which has an impact on the businesses. It covers the applications of the global Online Fashion Market along with the regional outlook throughout the different sectors. It gives some optimal solutions to tackle the risks and problems to the existing industries, which helps to discover the desired outcome. The report also gives detailed information on the global market in terms of its revenue and various dynamic aspects of the economic growth. The annual volume of the market is examined from year 2019 to 2026.The overview of the market includes the applications of the latest technologies to enlarge the businesses rapidly.

Globally, areas such as, like North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are examined to take great decisions in businesses. Effective policies are included in the Online Fashion Market report which gives tremendous response to scale up the businesses. The statistics included in the report gives accurate data of drivers, restraints, and opportunities, which helps to balance the growth of the existing and upcoming industries.

This report gives an extensive valuable data that gives a clear idea about the current scenario of the Online Fashion market during the forecast period 2019-2026.

Following are the List of Major Points Covers in the Online Fashion Market:

  1. Market Overview
  2. Global Economic Impact on Industry
  3. Global Market Competition by key vendors
  4. Global Market Analysis by Application
  5. Marketing Strategy Analysis, Distributors/Traders
  6. Market Effect Factors Analysis
  7. Global Online Fashion Market Forecast 2026

 

About us:

Report Consultant is a prime destination for your business aptitude and analytical solutions because we provide qualitative and quantitative sources of information that are proficient to give one-stop solutions. We skillfully syndicate qualitative and quantitative research in exact proportions to have the best report, which not only gives the most recent insights but also assists you to grow. Our research reports will give you an exceptional experience of innovative solutions and outcomes. We have effectively steered businesses all over the world with our market research reports and are outstandingly positioned to lead digital transformations. Thus, we craft greater value for clients by presenting advanced opportunities in the global market.

[“source=aglobalmarketresearch”]

Reliance plans major expansion of its fashion stores & integrate them with its online business

Reliance plans major expansion of its fashion stores & integrate them with its online businessReliance Industries plans to grow the number of low-cost Reliance Trendsfashion stores across India to 2,500 from 557 over the next five years and integrate them with its online business, two people briefed on the plans said.

The expansion, which has not been reported before, is the latest move by the conglomerate’s billionaire owner Mukesh Ambani to grab a dominant share of Indian consumer spending in a struggle with rivals, particularly e-commerce giants Amazon and Walmart’s Flipkart.

Reliance’s plans to diversify into e-commerce and expand in fashion come on the heels of India’s new foreign investment curbs that have dealt at least a temporary blow to Amazon and Flipkart.

Prime Minister Narendra Modi’s government in December modified foreign direct investment rules for e-commerce, barring online retailers from selling products via vendors in which they have an equity interest, and also from making deals with vendors to sell exclusively on their platforms.

Ambani, Asia’s richest man, founded Reliance Retail in 2007 to transform his petroleum behemoth into a consumer-facing conglomerate.

Targeting 300 cities

Expectations that Ambani will increase bets on retail have been growing, and the latest plan was presented at meetings earlier this year, the sources said, citing proposals the company shared with retail advisors. Reliance Retail did not reply to an email seeking comment.

The expansion plan should allow Reliance Trends, which sells accessories as well as clothing, to rapidly grow its private labels – the retailer’s own brands – the sources said.

Reliance Trends would be in 300 cities in five years, from 160 now, said the second person briefed on the plan.

A Reliance executive, speaking on condition of anonymity, said integrating the availability of private labels with its e-commerce venture and penetrating deeper into smaller, tier 3 and 4 cities is the next level of growth for Reliance Trends. The executive did not confirm the store expansion plan.

Last year, Reliance Trends opened over 100 stores, according to the executive. “With the new commerce venture that we have planned, it will even be easier to sell our private labels from even third-party stores,” the executive said.

Ambani’s so-called “new commerce” venture aims to connect small and mid-sized merchants with his retail network and warehouses, helping them better manage inventory as well as boost sales of Reliance’s private labels.

Both the sources declined to be identified as the plans have not been publicly announced.

Cheap prices for India’s youth

India has the world’s largest population in the 18-35 year age group at 440 million people, constituting nearly half of its workforce, global consultancy Deloitte said in a recent report. With rising use of the Internet and smartphones, e-commerce retailers have doled out discounts to lure people to shop online for goods as varied as basic groceries and large electronic devices.

“The millennial opportunity is what every retailer is looking at. Reliance is no different,” said a retail industry veteran and independent advisor to several retailers.

Retailers tend to make better margins out of their own brands than third-party brands because they can keep a much sharper eye on costs of production and associated marketing.

“Reliance Trends’ aggressive expansion will see products such as private labels available across multi-brand outlets and smaller format stores as well,” said independent retail consultant Govind Shrikhande when asked how Reliance will manage the aggressive expansion.

Almost 80% of Reliance Trends’ revenue comes from private labels. A team of designers work across seven centres in India and one in London to design items such as jeans, trousers, shirts and t-shirts, the company executive said.

“They are looking at global fashion and then they are looking at how that fashion can be adopted for India at a price which is affordable to churn out our private labels,” said the executive.

[“source=tech.economictimes.indiatimes”]

Global Online Fashion Retail Market Leading Players 2019: Kapsch TrafficCom, EFKON, Connect East, TRMI Systems Integration

global online fashion retail market

The research report “Online Fashion Retail Market: Global and Regional Analysis 2019 – 2024” discover accurate information about the long run prospects of this online fashion retail market, which can help industry players to understand the flow of the market throughout the period 2019-2024. The global online fashion retail market has defined the market scenario in an orderly way, emphasizing the industrial development, prominent players engaged from the current online fashion retail market, chapter wise market specifications, industrial procedures, that will absolutely assist our readers to aim towards the online fashion retail industry perspective and promote stability with cost-effectiveness and revenue structure.

The primary objective of this report will be to send its readers with a real intelligence on the online fashion retail market, to aid them in collecting and slating possible strategies by holistic insights provided on Online Fashion Retail Market. The report begins with the market introduction which is accompanied closely by statistical particulars of this market that reveals the online fashion retail market current status and future prediction and classification such as product types, and online fashion retail end-use applications, as well as region. These further shed light on market factors like market developments, online fashion retail demand, and supply, current market scenario and it’s growth trajectory in decades, opportunities for stakeholders in the worldwide online fashion retail market. Also, the report discusses business plans, sales and profit, market stations and market volume, online fashion retail raw material suppliers, and buyers demand information and distribution ratio.

Competitive landscape segment in the online fashion retail report relies on the current as well as the potential of the leading market players at the market. It offers the in-depth company profiles of a number of the significant market players, that may stay active in pre-destined decades, combined with company profile, online fashion retail product launches, product market, and gross margin, financial details, key advancements, online fashion retail business short-term and long-term marketing and advertising strategies and SWOT analysis of these competitive firms.

The key players mentioned in the Online Fashion Retail Market:

  1. Kapsch TrafficCom
  2. EFKON
  3. Connect East
  4. TRMI Systems Integration
  5. DENSO
  6. Thales Group
  7. Perceptics
  8. Transtoll
  9. SAIC
  10. Xerox Corporation
  11. Toll Collect
  12. 3M
  13. Honeywell
  14. Transurban
  15. Sensor Dynamics
  16. Q-Free
  17. Mitsubishi Heavy Industries
  18. Transcore Holdings

Global Online Fashion Retail Market: Segmentation Outlook

The report provides global online fashion retail market segmentation based on the product type, end-users, and region. The report offers an analysis of individual market segments from 2014 to 2018 and forecast from 2019 to 2024. The online fashion retail market shares of each segment are calculated in the form of revenue likely to be generated (USD million) and year to year growth rate (CAGR).

Product Types:

  1. Radio-Frequency Identification (RFID)
  2. Dedicated Short-Range Communications (DSRC)
  3. Video Analytics
  4. Global Navigation Satellite System (GNSS)
  5. Global Positioning System (GPS)

End-Use Applications:

  1. Highway
  2. Urban
  3. Bridge

Regions:

  1. North America
  2. Europe
  3. China
  4. Japan
  5. The Middle East & Africa
  6. India
  7. South America

    Imperative Points Covered in the Global Online Fashion Retail Market

    • The report offers the size of historical and the current market, which forms the cornerstone of the global online fashion retail market is predicted to develop in the future.
    • Competitive landscape of the global online fashion retail market has been given, and this involves the dashboard view of competing firms and their respective market share concerning value (USD mn) and volume (units).
    • The report analyses the global online fashion retail market by the product form, end-users, regions and presents forecast concerning value (US$ Mn) for the next five years.
    • The global online fashion retail market values represented from the report have been agglomerated by collecting data and information at a regional stage.

[“source=theheraldhealthcare”]

Fashion Upstart August McGregor Taps BigCommerce to Power Online Sales

Menswear label August McGregor launches ecommerce site with BigCommerce (Photo: Business Wire)LAS VEGAS–(BUSINESS WIRE)–BigCommerce, the leading SaaS ecommerce platform for fast-growing and established brands, today announced new fashion arrival August McGregor has successfully launched its online store on BigCommerce. A new collaboration between celebrated custom suit designer David August and MMA champion Conor McGregor, August McGregor chose BigCommerce to deliver a quality customer experience that matches the high-expectations of today’s active, luxury fashion shoppers.

Launched at the end of 2018, the young August McGregor brand is building a reputation on par with the respect A-list tailor David August has earned from the fashion industry. According to its website, August McGregor fashion is made for men like Conor McGregor, who have an attitude of excellence about everything they do in life. When it came time to choose an online platform, the August McGregor team needed a reliable solution that could deliver a top notch experience, even with the explosive growth expected by the celebrity-endorsed brand.

“Unlike the traditional luxury apparel market, August McGregor wanted to take a fresh approach to its curated offering. By releasing an entire capsule wardrobe as a ‘drop’, which often sell out within the first 48 hours, we’ve successfully managed to make luxury fashion more accessible to a broader audience,” said Michael Montanez, director of marketing at August McGregor. “To accommodate such a unique sales model of limited quantity products in each capsule, we required a robust ecommerce backend that could support a high level of traffic and conversions in a short time. BigCommerce’s dedicated Enterprise support, transaction-per-second capability and stable architecture provided just the assurance we needed when going live with the site.”

Using a combination of out-of-the-box features and basic customization, the August McGregor team brought the site to life in three short weeks, launching just in time for McGregor’s heavily-anticipated October fight. The site offers alternate checkout methods through PayPal, Apple Pay and Amazon Pay to better accommodate the mobile-first customer base, and the use of global shipping solution EasyShip enables the brand to reach its international demand with ease.

“August McGregor has an incredibly unique brand personality that sets it apart from the competition and inspires loyalty among consumers. It’s critical those traits are reflected in the brand’s online presence, which can only be achieved through some level of customization,” said Marc Ostryniec, global senior vice president of sales at BigCommerce. “Retailers like August McGregor that want to ‘whoop ass and look good’ are increasingly turning to BigCommerce for the platform’s ease-of-use, modern site design, configurability and impact on conversion. As a result, they have seen significant uptick in revenue at a fraction of the cost of other platforms.”

About BigCommerce

BigCommerce is the world’s leading SaaS ecommerce platform for established and rapidly-growing businesses. Combining enterprise functionality, an open architecture and app ecosystem, and market-leading performance, BigCommerce enables businesses to grow online sales with 80% less cost, time and complexity than on-premise software. BigCommerce powers B2B and B2C ecommerce for more than 60,000 stores, 2,000+ mid-market businesses, 30 Fortune 1000 companies and industry-leading brands, including Assurant, Ben & Jerry’s, Paul Mitchell, Skullcandy, Sony and Toyota. For more information, visit www.bigcommerce.com.

[“source=businesswire”]