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eCommerce represents a key growth opportunity

By

Neev

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June 25, 2017

BCBG Online Sales 2016

The retailer recently laid off 123 employees.

(Bloomberg) — BCBG Max Azria Group LLC, the glitzy fashion house founded by designer Max Azria, is looking to close stores and restructure as the company copes with a debt burden and a shift of many consumers online.

The chain plans to reduce its focus on brick-and-mortar shops, concentrating instead on licensing, e-commerce and selling through other retailers, according to Seth Lubove, a spokesman for BCBG at Sitrick & Co. The fashion brand has operated more than 570 boutiques worldwide, including more than 175 in the U.S.

RadioShack Online Sales 2016

Electronics retailer RadioShack has filed for its second bankruptcy in two years and will close 187 more stores this month, about 9% of its 1,943 locations.

Nike Online Sales 2016

The web is the fastest-growing channel for Nike, and the footwear giant reports especially strong e-commerce growth in China.

Nike Inc. is making progress toward its goal of becoming a $7 billion e-commerce player by 2020, as the footwear giant reported a 46% year-over-year increase in online sales for its fiscal second quarter of 2017.

The gain for the quarter ended Nov. 30 and reported Tuesday follows a 49% increase in Nike’s first fiscal quarter. In 2015 Nike unveiled an ambitious plan to grow its e-commerce business to $7 billion by 2020. It has rolled out a number of initiatives in the past year to get there, including a much-touted mobile app, expanding online into new foreign markets and strategies aimed at connecting in-store and online shopping.

Nike, No. 47 in the Internet Retailer 2016 Top 500 Guide, does not break out e-commerce sales in dollars, but Internet Retailer estimates it sold roughly $1.51 billion online in its most recent fiscal year, up from $1.00 billion the year prior. For Nike to achieve its $7 billion e-commerce goal by 2020, it will have to grow at roughly 46.7% per year for the next four years. So far this year it’s on track, with a 49% increase in Q1 and a 46% jump in Q2.

Adidas Online Sale 2016

Global web sales grew to $466.3 million in 2014 and accounted for 3% of all revenue.

The world online turned out to be a pretty good place for athletic apparel and equipment manufacturer adidas Group in 2014.

For the year ended Dec. 31, adidas, No. 230 in the Internet Retailer 2014 Top 500 Guide and No. 88 in the Internet Retailer 2014 Europe 500, reported:

Global web sales increased 68.8% to $466.3 million (422 million euro) from $276.3 million (250 million euro) in 2013.Total sales increased 2.3% to $16.05 billion (14.53 billion euro) from $15.69 billion (14.20 billion euro) in 2013.Retail sales increased 11.7% to $4.20 billion (3.84 billion euro) from $3.76 billion (3.44 billion euro) in 2013.Net income was $548.1 million (496 million euros) compared with $872.9 million (790 million euro) in 2013The web accounted for 2.9% of total sales compared with 1.8% in the prior year.

Lulu Lemons Online Sales 2016

The company is testing a new website internally with plans to launch in Q2.

Online sales shaped up nicely for athletic apparel retailer Lululemon Athletica Inc. during its 2015 fiscal year.

Lululemon, No. 108 in the Internet Retailer 2015 Top 500 Guide, reported online sales of $401.5 million in fiscal 2015, which ended Jan. 31, up 25.0% from $321.2 million last year. Online sales accounted for 19.5% of total revenues, compared to 17.9% last year, gains the company attributed to improved website traffic and conversion rates.

Bebe online sales for 2016:Store sales and total sales were mediocre for apparel retailer bebe Stores Inc., which just closed the books on its 2015 fiscal year.

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