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Avenue51 ecommerce platform sees 245% increase in orders from Chinese consumers for British goods

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London, UK – July 1st, 2020: Avenue51, the global ecommerce platform, is experiencing a surge in demand from shoppers in Mainland China looking to buy goods from British companies. Avenue51’s June marketplace sales figures show a 245% year-on-year increase compared to the same month in 2019.

The most popular British product category trends currently being sold across Avenue51 marketplace stores include Maternity, Accessories, Premium Grocery and Beauty – which is on track to increase sales by 650% in 2020.

The steep rise in demand from Chinese consumers for goods from Britain has been buoyed by Mainland China’s annual mid-year shopping festival, 618, which runs from June 1 to June 18th with vast numbers of shoppers logging on to buy branded goods.
In addition, the Chinese Government this year issued more than £1 billion of cash coupons to its citizens – to help reboot the economy – which has contributed to the heightened numbers of online sales.
Many British brands operate online stores through the Avenue51 platform including Royal Mail, Waitrose, Aspinal of London and ThisWorks.

Avenue51 is a quick and effective means for European brands to trade directly with consumers, globally, via its cross-border technology platform that offers an end-to-end service including; stock management, marketing, payments and shipping. Avenue51 also provides online listing across a network of more than 50,000 online retailers used by shoppers in Mainland China.
Avenue51 co-founder, James Hardy, comments: “Retailers and brands have had an incredibly difficult time due to Covid-19, and it won’t get any easier with an uncertain global economic outlook. Our record June sales show the importance of a robust ecommerce offering and the opportunities afforded to brands who can successfully trade into the Chinese consumer market.
We are seeing a sustained growth of brands joining Avenue51 and are continuing to invest in our technology, fulfilment centres and consumer insights to help meet their individual sales needs.”

About Avenue51
Avenue51’s complete cross border retail technology platform enables more than 100 British and European consumer brands including Waitrose, Aspinal of London and ThisWorks to generate and fulfil over £45 million of orders from shoppers and online retailers in Mainland China each year.

For brands that are seeking fast access to shoppers in Mainland China, Avenue51 offers the opportunity to list products within a network of more than 50,000 online retailers. This network includes a number of highly successful online stores operated by Avenue51 under license (La Poste and Royal Mail Tmall.com flagship stores) or directly (51bestuk, 51Taouk).

The Avenue51 team is based in offices around the world including London, Birmingham, Beijing, Shanghai and Hangzhou.
Press Contact
Press@avenue51.com

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Chic NYC announces that South Florida location will donate hundreds of handmade mask, along with turning its design studio into a Drop Off Station for goods and supplies

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Miami, Florida – Chic NYC, a runway fashion company that has been featured at Fashion Week since 2015 has decided to turn its Miami Design Studio into a drop off station for shelf life food, goods, cleaning supplies and financial donations. The fastest growing fashion house has been the one New York City fashion brand to remain open during the quarantine, even hiring during the devastating time. “Now is the time to give back” says CEO Oz Avcioglu. “We have worked with federal and local authority to keep our New York operations open, but our South Florida team has picked up a majority of the work that our team in New York has not been able to accomplish. We feel that South Florida has became our home through the pandemic and we are looking forward to giving back to the tri-county area. We will be handmaking mask to drop off to hospitals, responders, grocery stores and other front line workers, along with turning our Miami Design Studio into a drop off station for the community to drop off canned goods, shelf life food, financial donations and cleaning supplies. From there, 100% of the donations will go to front line workers and families in need.” Says Oz.

For anyone who wishes to donate, all goods can be dropped off Monday – Thursday 9 AM – 5 PM at 20855 NE 16th Ave. Ste C19, Miami, Florida 33179.

In addition to accepting donations, CHIC NYC has also created a link on its website where anyone who needs assistance during the pandemic can apply for help. They are reviewing all applications on a first come first serve basis. Please visit www.chicnycrunway.com

Chic NYC is a fashion powerhouse that was featured at New York Fashion Week in 2015. Since then, the brand has became the fastest growing e-commerce and retail boutique, winning 8 awards. With offices and retail stores now worldwide, the CHIC NYC Runway Fashion Label calls Miami, Florida home to its design studio where it manufactures its very own organic cottons for its clothing and accessories.

To learn more visit www.chicnycrunway.com

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10CFDs experts believe that due to weakening dollar rates, the price of goods will soar

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The relationship between dollar rates and commodity prices
The connection between the value of the USD and the prices of commodities is usually an inverse relationship. The costs of commodities tend to decline when the USD strengthens against other major currencies, and vice versa.

According to 10CFDs experts, though the correlation isn’t perfect, this is the rule in general. The value of the USD influences the costs of commodities since it is the benchmark pricing mechanism for most commodities.

10CFDs experts further explain that though the dollar tends to be the most stable foreign exchange instrument, commodities are global assets. These assets are traded all over the world. Foreign buyers purchase the U.S. made commodities with Dollars. And when the value of the dollar drops, buyers have more “purchasing power.”

10CFDs experts state that the mechanism goes like this- when the dollar strengthens, it means that commodities become more expensive in other, non-dollar currencies. While this tends to have a negative influence on demand, as one would expect, when the dollar weakens, commodity prices in other currencies drop lower, something which increases demand.

Which commodities are expected to gain worth in 2020?
According to 10CFDs experts, if we’ll focus on the 3rd quarter of 2019, we’ll note that almost all major commodity price indexes fell, led by the energy sector fall, which declined by more than 8%.

Agriculture and metals prices were down 2% each, while trade tensions, combined with weakness in global goods trade, were weighing on commodity demand. On the other hand, precious metal prices gained nearly 12%, which is also a sign of heightened uncertainty.

In line with subdued global growth prospects, most price forecasts have been revised down for 2019, especially energy (-15%). And according to experts at 10CFDs, energy and metals prices are expected to continue to fall in 2020, while agricultural commodity prices should stabilize.

After oil prices dropped by 8%, as worries about slowing global demand outweighed temporary production disruptions is Saudi Arabia, oil prices were expected to average $60/bbl in 2019 and $58/bbl in 2020, going down from $68/bbl in 2018, with concerns about the weak global growth outlook and robust oil production weighing on the market.

On the other hand, 10CFDs states that natural gas consumption continued to grow strongly in late 2019, supporting stable prices into 2020, while coal prices are expected to continue to fall. In contrast to other commodities, precious metals prices rose 13 percent in the 3rd quarter of 2019.

Easing of monetary policy by the U.S. Federal Reserve, heightened global uncertainty, and robust physical demand all supported precious metals prices, pushing the gold-to-copper ratio (a barometer of the health of the global economy) to a 3-year high.

Though as the prices of precious metals are anticipated to continue their upward trend and increase nearly 6 percent in 2020, following an expected gain of 8 percent in 2019, a stronger-than-expected U.S. dollar could still push prices lower.

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