Boohoo is among a crop of ultra fast fashion retailers who are winning the hearts and more importantly wallets of young consumers and taking share from likes of Zara and H&M.
The buzzy streetwear meets luxury brand Off-White has grown at rapid speed, finding itself within LVMH’s portfolio within less than a decade on the market.
In 2020 Kroger’s online grocery sales grew by 116% surpassing $10 billion. On the back of these tailwinds Kroger is planning to double its eCommerce sales by 2023.
While many companies struggle to navigate a culture where more and more consumers are interested in social causes, Patagonia has already figured out how to lead.
Online marketplaces are growing in popularity because sales are more profitable and they allow retailers to expand their reach by offering more brands and SKUs.
Selling online can be a fast way to get started but over time as direct to consumer brands get larger they find it increasingly difficult to attract customers in a cost effective manner.