Category: Clothing

SurfStitch is riding the wave of eCommerce

Since its inception, Australia-based surf and sports retailer SurfStitch has been making waves in the market. The company has gained widespread attention due to its wide range of products and its dedication to the community. While it has many strengths and weaknesses, we will take a look at its positives and negatives and provide readers with a comprehensive analysis of its business.

One of the strengths of SurfStitch is its vast product range. The company, which caters to both women and men, has something for everyone, including seasoned surfers and beach lovers.

Due to the emergence of e-commerce, which allows consumers to shop for products without visiting a physical store, SurfStitch has been able to successfully capitalize on this trend. Its website, which has an easy-to-use interface, makes it easier for people to find what they’ are looking for.

Surfing fans can feel valued and supported by SurfStitch. The company works with athletes, sponsors events, and backs various initiatives to build a stronger connection with the community. This affinity helps strengthen the company’s commitment to surf culture and instills trust in its customers.

Some customers of SurfStitch criticized its pricing as it was higher than other retailers. Although it frequently runs promotions and offers discounts, its regular prices can be a bit too expensive for some consumers. You can get a SurfStitch discount code when you shop at couponcode.nz.

Unfortunately, some customers have experienced issues when it comes to returns and shipping. While the company aims to provide its customers with fast and reliable shipping, it has been reported that some of its products have been delayed.

Despite the company’s popularity in New Zealand and Australia, SurfStitch’s international presence is still limited. This means that its customers from other countries may face issues when it comes to accessing its products.

The company has been able to establish itself as a leader in the e-commerce industry due to its wide product range and its active involvement in the community. Its success has also been attributed to its convenient online shopping experience. However, it still faces various issues when it comes to shipping and pricing.

Addressing these issues can help the company continue to grow and reach a wider consumer base. SurfStitch’s positive attributes outweigh its negatives, making it an ideal choice for surfers who are looking for high-quality products and a supportive community.

Retailers focusing on online

The powerful property departments of large retailers are likely to shrink as the effects of the pandemic take their toll on the demand for food and liquor.

The number of new stores that will open over the next decade is likely to be lower than the number of stores that were opened in the preceding decade due to the increasing popularity of e-commerce.

Online penetration in food and non-food categories is expected to reach 14 and 30 per cent respectively by 2030.

Instead of investing in new stores, retailers need to expand their supply chains and improve their customer data to maintain their market share.

The rapid emergence of e-commerce will have a significant impact on the way retailers operate in the future, according to analysts. They also noted that the need for more robust supply chain and IT infrastructure will play a huge role in the success of e-commerce.

Retail margins are expected to decline over the next decade as the industry’s net space growth does not pick up, according to analysts.

Under the proposed changes, ASX-listed retailers would have to re-evaluate their operations and the number of stores they need to operate.

Many big retailers have started to curtail their plans to open new stores as the space growth in the industry has already started to decrease.

Glassons have put a strong focus on their Glassons online store due to continuous lockdowns. To save when you shop at Glassons use a Glassons promo code with your purchase.

BooHoo founder sells 80 million in shares

Mahmud Kamani and his siblings Rabia Kamani and Nurez Kamani sold a total of 36.6 million shares in BooHoo valued at 80 million pounds. BooHoo also raised a further 50 million pounds by doing a share placement of 22.7 million shares priced at 220 pence representing a 0.3% discount on the share price.

Mahmud Kamani has used the rising value and popularity of BooHoo to realise some of his gains. His family share holdings along with co-founder Carol Kane now amount to 39% off the business. The business includes other brands such as Nasty Gal and Pretty Little Thing.

BooHoo has announced that the capital raising effort will go toward the build of a new supersite warehouse so that the company can meet the demands of rising customer numbers. On this news, BooHoo shares have hit a record high price of 260 pence. This values the company at approximately 2.8 billion pounds.

BooHoo expects growth for the year to reach 60%, revised from an initial forecast of 50%.

To save on your purchase from BooHoo, use a BooHoo coupon from Coupon Codes NZ here.