And it had almost eight million unique visits from the UK for the same month. That places it as the 118th most-visited website in the UK and the eighth most-visited online marketplace in the UK.
What does Wish.com sell? From jewellery to shoes, tablets to smartphones, fancy dress to baby nappies and everything in between; Wish.com sells almost anything you can think of. It’s caused hilarity on social media for offering up items as bizarre as fake plastic human tongues and tutus for dogs. And while it claims to tailor products customers see in their feed, many shoppers are left baffled by the items marketed to them – pigeon carriers, trousers printed with Hollywood actor Nicholas Cage’s face, helmets for chickens and loo roll earrings, to name but a few.
Peter Szulczewski says he founded Wish to sell to an underserved that has been neglected by existing companies. In other words, he is targeting everyone except the 150m or so households that an Amazon Prime subscription.
Wishøs low prices are the result of a direct line to the Chinese supply chain. The vast majority of the goods on the site are shipped directly from the country’s manufacturing hubs. It is a model which China’s e-commerce behemoths Alibaba and JD.com have employed domestically/ Wish just marketed the same idea to Westerners linking the 10m users up to 500.000 or so merchants.
Changes in postal rates can mean dangers ahead
But, of course, while Wish.com are experiencing this rapid growth changes in international postage rates as they almost doubled overnight and that change is now filtering through to the real world.
Its 15% cut resulted in revenue of $1.7bn in the first nine months of 2020, up from $1.3bn a year earlier.
Technogym has opened the latest of its consumer-facing retail store concepts in Los Angeles, US
A key supplier of fitness equipment to gyms and leisure centres, Technogym, is also looking to serve the home-based fitness market and opening retail stores across the world.
As a result of the pandemic many, if not most gyms were closed and even now where some countries are easing their restrictions many formers gym customers are not returning. The home exercise market has seen a boom, so even the most successful suppliers of studio gym equipment are now adapting their channel strategy.
For a while, Technogym has had a platform at the upmarket department store, Harrods, in London catering for their exclusive clientele. Please notice the statement on the website posted below that their prices are ‘On application’.
|