Lululemon is seeing positive results from its investments in new categories like men's, e-commerce capabilities and international growth. During its first quarter earnings report on Wednesday, the company saw revenue increase 20% over the same period last year, to $782 million.
Alibaba, the Chinese e-commerce company, is extending its many tentacles into international markets as part of its aspirations to become a global business.
Through the official partnership, VF gets access to data from Alibaba’s 654 million-customer database across its marketplaces, including Tmall and Taobao. With that data and TMIC, VF can more readily identify customer trends, test new products before launching them, build customer data profiles and track products post-launch in order to judge how well they’re performing with Chinese customers.
Alibaba and Office Depot are launching a joint B2B site in order to thwart competition from Amazon.
Location data is no longer limited to geo-fencing, which typically triggers a text or app notification when a person enters a street or store.
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