Apparel & footwear e-comm sales rise 120%: eShopWorld

25 Jun '20

2 min read

Pic: eShopWorld

eShopWorld, a leading cross-border commerce company, has announced that global apparel and footwear e-commerce sales made through the eShopWorld platform rose 121 per cent and 122 per cent, respectively, from June 1-15, 2020. The company also identified top countries where its US partners found new revenue growth as coronavirus pandemic continues.

Year over year in May, US brands using eShopWorld’s platform to sell cross-border saw the highest volume growth in Malaysia (up 359 per cent), Singapore (up 284 per cent) and Chile (up 237 per cent). For the June 1-15 period, the top three markets were Chile (up 379 per cent), Mexico (up 204 per cent) and the Russian Federation (up 159 per cent).

“Our data shows that brands that have been able to pivot away from physical stores and double down on digital channels to find significant growth amid the Covid-19 outbreak,” Tommy Kelly, CEO of eShopWorld, said in a press release.

In June so far, cross-border apparel and footwear sales have seen significant growth, and our May overall sales volumes were above those seen during the peak pre-holiday Black Friday period. We expect this strong growth to continue as consumers around the world keep shopping from home due to concerns about the ongoing pandemic.”

US brands are seeking alternative avenues to growth as physical stores remain shuttered in some markets and as consumer worries about health and safety affect foot traffic in those markets that have already reopened. eShopWorld helps brands identify and target the regions where their products are in demand and provides an end-to-end cross-border e-commerce solution that enables them to acquire and build long-term relationships with customers in those international markets.

The company has seen its strong volume growth in early 2020 accelerate due to the Covid-19 outbreak.

US brands rely on eShopWorld for its local market expertise and stable platform as well as its ability to keep trade lanes open and support diverse inventory pools. The company can help US brands achieve speed to market in other geographies in as little as 12 weeks.

Fibre2Fashion News Desk (JL)

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