Latest shop2gether.com News
Jul 28, 2017
12:00 AM (GMT -03:00) – Feb 23 2017 Fashion sites Shop2gether and OQVestir announced they will merge into a new company called Icomm Group. The sites will continue operating separately but seek synergy with administrative, legal, human resources and logistics departments, and with a single distribution center. The company is being born with R$160 million in sales and no profit, amid a market in which even larger companies face profitability challenges – online sales represent only 2% of overall retail sales even though they increased 6.4% last year while traditional fashion retailers faced a 10.9% decline.