Plans

Instabox plans to leave Germany

Parcel delivery service Instabox is discontinuing its services in Germany. According to the company, its volumes in the market are not high enough to sustain its operations. Possible future return This was announced by the company on LinkedIn. It will gradually wind down its operations in Germany until the end of October. Starting in November, the company will no longer be active in the German market. Instabox’s parent company, Instabee, expresses hope that conditions will improve, allowing the company to…

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Importance of Effective Restock Plans for Amazon FBA Sellers

One sensitive topic when it’s about restocks is inventory storage. Storage costs can often get exorbitant during the peak season, thereby carving a significant chunk from your profit margins. Not to mention the long-term storage fees on products that have been in Amazon’s warehouse for more than a year. Here is where a meticulously sculpted restock plan comes to your aid in circumventing such unnecessary costs, keeping your expenditure in check and profits flourishing. Collaborating with your suppliers forms another…

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Meesho Announces Its First Monthly Profit And Plans For IPO

Opinions expressed by Entrepreneur contributors are their own. You’re reading Entrepreneur India, an international franchise of Entrepreneur Media. Indian ecommerce startup, Meesho, announced that it has turned profitable on a consolidated basis in July, with a considerable growth in order volume and revenue. The company also revealed the plans for a potential stock market debut within the next 12-18 months. Meesho Founder and CEO Vidit Aatrey told PTI that a 43% surge in order volumes and 54% increase in revenue…

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Spotify raises prices for its premium plans  

E-commerce Spotify Technology has raised prices for its premium plans across 53 countries including Australia and New Zealand, as the music-streaming company looks to boost profitability in an uncertain economy. In the US, the move will result in a US$1 price increase for Spotify’s plans, with the premium single now starting at $10.99, duo at $14.99, family at $16.99 and the student plan at $5.99. Spotify has moved in recent months to boost margins with hundreds of layoffs and a…

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24 Best Sample Business Plans & Examples to Help You Write Your Own

Reading sample business plans is essential when you’re writing your own. As you explore business plan examples from real companies and brands, you’ll learn how to write one that gets your business off on the right foot, convinces investors to provide funding, and confirms your venture is sustainable for the long term.

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Shein plans to bolster compliance and logistics execs ahead of US marketplace

E-commerce Fast-fashion retailer Shein is boosting senior leaders and executives to roll out its US marketplace and to meet regulatory compliance as it deepens its footprint in North America and looks to diversify away from China. The company is hiring a US head of logistics, who will be a liaison between Shein’s US and Singapore headquarters, according to a LinkedIn job posting. The company is also hiring an anti-money laundering and compliance executive and a number of US marketplace personnel,…

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No concrete plans for TikTok Shop in continental Europe

TikTok Shop has been launched in parts of Asia, followed by expansions in the United Kingdom and the United States. However, there are currently no plans for a launch in continental Europe. This information came from TikTok’s Koen Vanderhoydonck at the Emerce E-Commerce Live conference in Amsterdam. Vanderhoydonck, who previously worked for Google and the Dutch online marketplace Bol.com, is the Product Marketing Manager at the social networking company owned by Chinese ByteDance. “If you thought this presentation would announce…

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Fast-fashion giant Shein plans Mexico factory

Online fashion giant Shein is exploring plans to build a factory in Mexico, as one of its manufacturing hubs outside China, sources familiar with the matter told Reuters. The factory, which will produce Shein items and is part of the retailer’s push to localise production, could shorten shipping time and cut distribution costs for Shein customers in Latin America. It follows its announcement that it will build a manufacturing network in Brazil to serve as a global customer base. Shein…

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Japan’s Rakuten plans new share issue to raise around $2.2 billion

E-commerce Japan’s Rakuten Group is finalising plans to raise about $2.2 billion by issuing new shares, according to two people, in the e-commerce company’s latest move to shore up its finances after years of losses from its mobile business. Rakuten’s board could meet as early as this week to decide on the capital raising, according to one of the people. The public offering is expected to raise roughly US$2.2 billion but the amount could change depending on Rakuten’s share price,…

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Why Yearly Plans Are Not Available?

Reading Time: 4 minutes If you’re thinking about starting an online store, Shopify is one of the most popular and reliable platforms available. However, if you’ve been doing your research, you may have noticed that yearly plans are not an option with Shopify. This can be a bit frustrating for those who prefer to pay upfront for their services or want to save money in the long run. So why doesn’t Shopify offer yearly plans? In this blog post, we’ll…

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