Magazines Archives - 2010 May

US online portal eBay adds fashion to its portfolio.
Story 6 - E-commerce

IN a bid to refresh its online portal, USbased e-commerce company, eBay Inc, is taking to fashion, with the launch of ‘Fashion Vault’ at its site. The “vault” will feature “flash sales” of high-end fashion brands, with discounts starting at 50%, for a limited time period or while stocks are available, the company disclosed.

While the company said that it will not own or handle shipment for the goods sold on the site, it will however take charge of negotiating product lines with designers, which is a shift from its usual neutral third-party standing that the company has maintained.

“By partnering with trusted brands to sell direct, eBay continues to add to its already wide, deep shelves with ‘buy it now’ instant access to new brand-name merchandise at deep discounts, while inventory lasts,” stated Lorrie Norrington, eBay’s president of marketplace operations. With plans to “position eBay as a premiere fashion-shopping destination for customers looking for an incredible selection at great value”, the company has also launched a fashion site featuring apparel, shoes and accessories that are sold on the portal. This makes it easier for “savvy style seekers and bargain hunters alike … to browse and buy”, Norrington continued.

“So whether you want to shop for leading fashion brands, or buy from a trusted eBay seller with an eye for vintage clothes and the perfect accessories, eBay Fashion is a one-stop destination for style and value,” she maintained.” ra

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2010 May Stories:

Asian 2010 GDP forecasts – upgraded again - Part 2: Would Asian retailers’ cash registers be sizzling now?

Shopfitting & Design: When it comes to designing and fitting out a shop, diversity rules the day. Find out what works for different types of stores in different cities across the region. Retail Asia brings you reports from Singapore, Malaysia and the Philippines.

Philips-Van Heusen Corporation will buy over Tommy Hilfiger for US$3 billion.

Coffee Bean & Tea Leaf launches ready-to-drink beverages in Singapore

US-based Asian Retail Mall Fund II is investing in a new mall in Petaling Jaya, Malaysia.

US online portal eBay adds fashion to its portfolio.

Asian consumers ‘take the lead’ in keeping payment fraud at bay

Exhibitors at the second Wine & Gourmet Japan were surprised by the influx of trade visitors.

New dates for Bangkok´s Thaifex – World of Food Asia and World of Halal

Record-breaking FHA2010 exceeds targets and expectations

IHHS2010 a treasure trove of eco-friendly innovations

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