Jumia $JMIA Beating Amazon $AMZN & Alibaba $BABA In Africa (video)

Why Jumia Is Beating Amazon And Alibaba In Africa

Jumia has been dubbed the "Amazon of Africa" as Africa's largest e-commerce operator, surpassing Amazon and China's Alibaba, and it's the first African tech start-up to go public on the New York Stock Exchange. Investors had high hopes for Jumia when it went public on April 12. Now, Jumia is adjusting to its new international status, and figuring out what that status means for the African continent.

Sacha Poignonnec and Jeremy Hodara, former McKinsey & Company employees, founded the company in 2012. Like Amazon and Alibaba, Jumia allows customers to buy products like cell phones, shoes, and groceries online. Jumia also offers bill paying, food delivery, and cellular data plans.

China Daily, a Chinese state-run news organization, says that Alibaba serviced 4.2 million African customers through its AliExpress services since it entered the continent.

Jumia serviced 4.3 million users and 81,000 active sellers in 14 countries. Amazon is available in 11 countries on the African continent, but neither Amazon nor Alibaba have had the benefit of getting their start in African countries. Jumia, for example, offers unique features like allowing customers to pay for items upon delivery. CNBC video above published Jun 25, 2019.

Jumia is an e-commerce platform for electronics, fashion, and more. It has partnered with more than 81,000 local African companies and individuals and is a direct competitor to Kilimall in Kenya and Konga in Nigeria. Started in 2012 in Lagos, the company currently has a presence across 12 African countries.

Jumia Technologies AG

• Domain: jumia.com  / group.jumia.com
• Founded: Nigeria
• Traded as: NYSE: JMIA
• Founders: Sacha Poignonnec, Raphael Kofi Afaedor, Tunde Kehinde
• CEO: Sacha Poignonnec (2012–), Jeremy Hodara (2012–)
• Parent organization: Rocket Internet

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China's Tencent & JD.com Invest $863 Million in Online Retailer Vipshop

Vipshop (vip.com)

Vipshop (domain: vip.com) is a Chinese company that operates the e-commerce website VIP.com (formerly Vipshop.com) specializing in online discount sales. Vipshop is based out of Guangzhou, Guangdong, China, and was listed on New York Stock Exchange (NYSE: VIPS) on March 23rd, 2012. As of 2017, Vipshop had 52.1 million customers. Vip.com is now the third largest e-commerce site in China, following Tmall.com (Alibaba Group) and JD.com, according to Wikipedia.org.

• Founded: December 2008
• Headquarters: China
• Area served: China
• Subsidiaries: Vipshop International Holdings Limited, Lefeng.com, more
• Founders: Eric Ya Shen, Arthur Xiaobo Hong

Recent news: China's Tencent, JD.com invest $863 million in online retailer Vipshop | reuters.com

Tencent gets deeper into Alibaba's turf with a deal to buy part of Chinese web retailer Vipshop https://t.co/zD4MkEW6bn pic.twitter.com/PndNKkAuon

— Bloomberg Technology (@technology) December 18, 2017

#Tencent and #JD.com announced on Mon that they will invest an aggregate of $863mln in cash in Chinese online discount retailer #Vipshop, making their holdings to 7% and 5.5% respectively. The price represents 55% premium over closing price of Vipshop's ADSs as of last Friday.

— YUAN TALKS (@YuanTalks) December 18, 2017

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How Amazon $AMZN Founder Jeff Bezos Became King of E-Commerce

How Jeff Bezos Became the King of E-Commerce

Bloomberg.com video above published Oct 3, 2017:  Amazon CEO Jeff Bezos was one of the first entrepreneurs to realize the potential of selling products on the internet. This Bloomberg Profile looks into how Bezos built Amazon inside his garage and now has his sights set well beyond online commerce. (video by Michael Byhoff)

Jeff Bezos Revealed: Building Amazon One Box at a Time

Bloomberg.com video above published Jan 26, 2015: "Bloomberg Game Changers" profiles Amazon.com Inc. $AMZN founder Jeff Bezos. This program explores the story behind the founder of Amazon.com, the world's most successful online retailer and examines key moments in his life.
Tweets by JeffBezos

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Is The Street Wrong? What Best Buy $BBY Is Doing Right (video)

What Best Buy Is Doing Right

Video above published Aug 29, 2017, by Fortune.com: Best Buy (NYSE: BBY)(domain: bestbuy.com), the electronics retailer, has been steadily boosting sales and pleasing investors, BUT .... Best Buy: Well That's Peculiar | SeekingAlpha.com Aug 29, 2017: "Best Buy has just reported its Q2 earnings, and the initial reaction was positive but now shares are getting crushed ... We think the Street has this one wrong."

• Best Buy headquarters: Richfield, MN
• CEO: Hubert Joly (Sep 2012–)
• Number of locations: 1,026 (October 29, 2016)
• Founder: Richard M. Schulze
• Subsidiaries: Geek Squad, Pacific Sales, Magnolia Audio Video, MORE

Q2 FY18 Results:

• Earnings Release (embed below)

• Non-GAAP Reconciliation

• Webcast

Q2 FY18 Results Press Release (embed below):

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Traditional Retailers Are Losers, The Retail Winner Is Amazon (video)

Brands Shift, Amazon Lifts:

• Loser: Traditional retail. Macy's is closing 100 stores, and fashion brands like Coach and Michael Kors are pulling products from department stores in an effort to burnish their aspirational image. Meanwhile, Amazon's apparel business is taking off. See  also Amazon Eats the Department Store | Bloomberg.com.
• Winner: Weibo. After being left for dead with the rise of WeChat, the platform is making a comeback on the strength of livestreaming and video.
• Winner: The New York Times, whose infographics team raises the bar for all of us in the data and storytelling business. @UpshotNYT and @nytgraphics

Domains of referenced brands:

• macys.com
• coach.com
• michaelkors.com
• amazon.com
• weibo.com
• wechat.com
• nytimes.com

Scott Galloway is a NYU Stern Marketing Professor. Video above originally published August 25, 2016, by L2inc.com. Song credit: CapnDesDes

Transcript via YouTube:
0:02 A loser: traditional retail.
0:03 With most major department stores' stock prices in free fall, Macy's decided to close 100 stores.
0:09 The market responded, sending the stock up 17%.
0:13 How many stores would need to close to bring back pre-recession sales per square foot at different retailers?
0:18 Nordstrom would need to shutter 25%, JCPenney 30%, and Sears 40%.
0:26 (I think Sears needs to close 100% of their stores.)
0:28 The real winner here?
0:30 Amazon, whose apparel business is taking off.
0:33 As stores close, brands are reacting.
0:36 Coach is pulling its bags from 250 low-volume department stores to restore its association with luxury.
0:43 The biggest challenge, from Nike to Samsung and Rolex:
0:49 if you want to maintain an aspirational brand position, you've got to control more of your distribution.
0:54 Branding is moving toward the consumer.
0:56 Winner: Weibo [weibo.com].
0:58 After being left for dead with the rise of WeChat, the platform is making a comeback
1:01 on the strength of livestreaming and short form video - features not integrated directly into competitor WeChat.
1:07 Weibo's net income in Q2 rose 516% and daily users increased 36% year-on-year to 126 million.
1:16 Weibo has surpassed Twitter in both growth and mobile users.
1:20 When L'Oréal used the platform to promote a livestream of brand ambassador Li Yuchun attending the Cannes Film Festival,
1:26 the lip balm she mentioned sold out in just four hours.
1:31 A winner: The New York Times.
1:32 A well-deserved shout-out to the NYT infographics team.
1:35 The combination of data and insight that these visualizations provide readers sets the Times apart
1:41 and raises the bar for all of us in the data and storytelling business ....

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Vineyard Vines, Lifestyle Brand, Preppiest Office in America (video)

Vineyard Vines: Inside the Preppiest Office in America - Brooks Brothers, Lacoste and L.L. Bean were once the purveyors of the preppy lifestyle. Vineyard Vines has made its name as an alternative to those aging labels. The growing company, known for its nautical and casual style, has just moved into a new 90,000-square-foot headquarters in Stamford, Connecticut. Founders Ian and Shep Murray gave Bloomberg the exclusive first look at the retailer's new digs. (Video by Alyssa Zahler, Drew Beebe, Victoria Blackburne-Daniel)

domain name: vineyardvines.com

Vineyard Vines, an American clothing and accessory retailer, was founded in 1998 near Martha's Vineyard in Massachusetts, by brothers Shep and Ian Murray . The lifestyle brand started with ties, but has since added hats, belts, shirts, shorts, bags for men, women, and children, and has retail stores and outlets across the United States. Their clothing is considered "preppy," as described by the company itself on its website.



Our Story: The Story of How Vineyard Vines Began: "... We delivered our first 800 ties July 3rd, 1998, and sold out in the first week. We quickly re-ordered, paid off our debt, hit the road and moved into our first office. After that, we moved to a bigger office and hired a few friends to help out. Then, we moved to an even bigger office, hired even more people, and opened a few more retail stores, proving that the American Dream is alive and well. Today, we're in an even bigger office and are opening more stores across the country. We have an incredible team by our side and no plans of slowing down anytime soon. And we couldn't have done it without the support of our family and friends. People always say that if you do what you love, you'll be successful. There's no doubt that we're doing what we love and loving what we do: we're having fun, working hard and meeting great people."

"Vineyard Vines is all about 'Every Day Should Feel This Good.'"--Founders Ian and Shep Murray 

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