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15 Mar 2010The marked and continuing growth reported by online fashion retailers demonstrates the potential e-tailing holds in times when the high street is suffering.
The e-commerce industry body IMRG reports that online sales of clothing, shoes and accessories were up by 18% from Dec 2008 – 2009, and that fashion e-tailers were the leaders in the UK online market.
By taking the notion of online retailing one step further and going international, the opportunities for growth for the retailer are taken to a whole new level.
Cross-border e-commerce has proven to be hugely successful for online fashion retailer ASOS. Launched ten years ago, ASOS (As Seen On Screen) now sells to 150 countries. From France to Fiji and from Ireland to Iran, ASOS reports having 2.9 million registered users worldwide.
The company states that it increases its multicultural usability of its website by sticking to the guidelines set out in the Plain English Campaign, keeping the English language on the site clear and concise. It also features a currency converter for all of the countries it markets to. By making the website as culturally ‘friendly’ as possible, ASOS broadens it potential customer base.
By using these tools effectively, ASOS managed to up their international sales by 102 % last year alone. In fact, the site has done so well in the USA that the company plan to start up a US-specific site later this year, a project fellow retail giant Topshop has already taken on, and is currently reaping the rewards of.
However, cultural ‘friendliness’ isn’t the only factor that needs to be considered when opening up an online fashion retail site to an international customer base. Potential new markets need to be researched thoroughly, with each local market looked at distinctly. Here are some key points to consider:
With such a globalised fashion and celebrity culture, now is the time for online fashion retailers to take full advantage of international e-commerce. Statistics show that shoppers are gradually becoming more confident when buying products from abroad, with cross-border purchasing having more than doubled since 2003.
And while both businesses and customers have expressed concerns over fraud, payment problems, and logistics when it comes to overseas online purchasing, with today’s advanced security software, safe payment options such as PayPal, and with the benefits of selling internationally being so evident, now is the time to reach out to the global fashion community.
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5 Responses to The benefits of taking fashion e-tail international
robertrade
March 21st, 2010 at 9:37 am
All the reference you can take from http://www.xe.com
Michael D
March 22nd, 2010 at 11:15 am
who wants to sell theree hard work for 15 bucks. Your so stupid
toom l
March 25th, 2010 at 10:20 am
lol
natalie
March 27th, 2010 at 5:38 am
i would go to google
Dee.
May 31st, 2010 at 9:29 am
You can't buy them online, they're only available through certain shops on the evening of 10th September, and in America you can only buy them in New York. If you really want one, I expect some people will pick them up to tout on ebay for stupidly high prices, so you could probably get it there.