SingPost said today that luxury online goods retailer Reebonz will take over its e-commerce retail business Clout Shoppe, to allow it to focus efforts more on the fulfillment and logistics business.
The national post of Singapore launched Clout Shoppe back in the summer of 2011 as an Internet shopping mall for luxury goods, with the intent that it would help develop the local e-commerce industry and SingPost’s role providing logistics for online merchants.
Today the postal company said it now wanted to focus its resources on driving service quality and enabling the growth of e-commerce in Singapore and South-East Asia.
While taking SingPost’s role out of the front-end of the Clout Shoppe retail business, the move also opens the door for SingPost to secure more e-fulfillment and logistics business from Reebonz, which specializes in the online retail of designer brands, but also has five physical stores in Singapore, Kuala Lumpur, Bangkok and Sydney.
Dr Wolfgang Baier, the SingPost CEO, said that by collaborating with Reebonz, his company could continue to drive e-commerce growth and demand for SingPost’s e-commerce logistics services.
“Working with Singapore’s market leader in online luxury goods, Reebonz, allows us to focus on helping businesses grow online both in Singapore and in the region, tapping on our full suite of e-commerce logistics solutions covering the four key areas of transportation, warehousing, delivery and returns and web solutions,” he explained.
“More than 300 customers have come on board including global names such as adidas, Canon, Philips and Toshiba via our monobrand sites like shop.adidas.com.sg. We will continue to offer ‘concierge’ services through vPOST as well as our Omigo.com marketplace.”
Reebonz was started in March 2009 by three entrepreneurs with the idea of selling luxury goods through invite-only flash sales — sales events that typically last two to three days. The company now has 250 employees and offices across the Asia Pacific region, including in Malaysia, Indonesia, China, Taiwan, Hong Kong, Thailand, Australia and South Korea. Since 2012 the company also runs an online marketplace for buyers and sellers to trade secondhand designer goods, Reebonz Vintage.
Samuel Lim, the Reebonz chief executive and co-founder, said adding the CloutShoppe.com website would provide another channel for his company’s online offerings.
He said: “We look forward to strengthening our market leadership with strategic consolidation opportunities. We also look forward to working with SingPost who will not only continue to support Clout Shoppe but also explore areas of strategic partnerships in areas of e-fulfilment and logistics.”
Business shift
SingPost is seeing a significant shift in its business towards e-commerce logistics at the moment, with domestic mail volumes declining in the last eight consecutive quarters.
Under its current CEO the company has been investing in acquisitions and organic growth to position itself as an e-commerce logistics specialist for the South-East Asia region. International services now account for more than 27% of revenue.
Dr Baier said his company was continuing to focus on its commitment to providing customers in Singapore with quality services, but at the same time looking to the opportunities in e-commerce and regional logistics.
“We are intensifying our efforts to meet our customers’ current and evolving needs and are investing more than S$100 million to upgrade postal infrastructure, introduce new delivery channels, modernise touch-points and improve operations,” he said.
“At the same time, we will contribute to the growth of the e-commerce eco-system in Singapore and the region by leveraging our strength in delivery and end-to-end logistics solutions via our role as an e-commerce enabler.”
Comments are closed.
This is a great write-up. Thank you for spending some time to describe all of this out for folks. It really is a great help!
Hey there! This is kind of off topic but I need some help from an established blog. Is it hard to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about creating my own but I’m not sure where to begin. Do you have any tips or suggestions? Appreciate it
My spouse and i were really delighted Emmanuel managed to finish up his investigations because of the precious recommendations he gained from your own web site. It is now and again perplexing to simply find yourself giving freely steps that some other people may have been selling. And we also realize we now have you to give thanks to for that. These explanations you have made, the straightforward web site menu, the relationships you assist to engender – it is mostly wonderful, and it is leading our son in addition to us do think this issue is exciting, which is certainly especially fundamental. Many thanks for the whole lot!
I must admit this post is very wonderful . Thanks once again for the push!
wonderful put up, very informative. I ponder why the other experts of this sector do not realize this. You should continue your writing. I’m sure, you’ve a great readers’ base already!
Dzięki za praktyczne porady i wskazówki dotyczące SEO.
When I originally commented I clicked the -Notify me when new surveys are added- checkbox and from now on every time a comment is added I recieve four emails with the exact same comment. Perhaps there is that is you can remove me from that service? Thanks!
To była otwierająca oczy lektura na temat ryzyk i procesu SEO.
Dzięki za kompleksowy przewodnik po SEO. Bardzo pouczający!
Great ¡V I should certainly pronounce, impressed with your website. I had no trouble navigating through all tabs as well as related info ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, website theme . a tones way for your customer to communicate. Nice task.. rent a car pristina
Dzięki za świetne porady na temat SEO. Bezpieczeństwo jest kluczowe!
Dzięki za świetne porady na temat SEO. Bezpieczeństwo jest kluczowe!
Dzięki za jasne i zwięzłe informacje na temat SEO.
Nie miałem pojęcia, że SEO jest tak ważne. Dzięki za ten wpis.
Dzięki za kompleksowy przewodnik po SEO. Bardzo pouczający!
Ten post był bardzo pouczający na temat procesu SEO. Dzięki!
Czuję się dużo lepiej poinformowany o SEO. Dzięki!
Ten blog odpowiedział na wiele moich pytań dotyczących SEO. Dzięki!
Świetny artykuł! Cieszę się, że są profesjonaliści, którzy mogą pomóc w SEO.
You’ll Be Unable To Guess SEO Tools Software’s Secrets Seo Tools Software (2Ch.Io)
Doceniam skupienie się na zagrożeniach SEO i potrzebie ich usunięcia.
To była otwierająca oczy lektura na temat ryzyk i procesu SEO.
SEO wydaje się trudne, ale Twój blog sprawia, że staje się bardziej zrozumiałe. Dzięki!
Bardzo pouczający blog na temat SEO! Dzięki za podzielenie się nim.
Dzięki za szczegółowy przewodnik po SEO. Bardzo pouczający!
10 Quick Tips About Backlink Building Software the best link Building software
Dziękuję za podkreślenie znaczenia bezpieczeństwa w SEO.
SEO wydaje się trudne, ale Twój blog sprawia, że staje się bardziej zrozumiałe. Dzięki!
Świetny post na temat znaczenia świadomości SEO.
Dzięki za cenne informacje na temat SEO i bezpieczeństwa.
7 Little Changes That’ll Make An Enormous Difference To Your
SEO Tool Software software Suchmaschinenoptimierung
Nauczyłem się wiele z tego posta o SEO. Dzięki za świetne porady!
Dzięki za praktyczne wskazówki dotyczące bezpiecznego SEO.
hi, I am havin a tough time trying to rank up for the words “victorias secret coupon codes”… Please approve my comment!!
hi, thanks!: click here
It’s a pity you don’t have a donate button! I’d most certainly donate to this fantastic blog! I suppose for now i’ll settle for book-marking and adding your RSS feed to my Google account. I look forward to brand new updates and will talk about this site with my Facebook group. Talk soon!
I conceive this website holds very wonderful composed written content content.
Thanks for helping out, excellent information.
That is many inspirational stuff. For no reason knew that opinions could be this varied. Thanks for all the enthusiasm to offer such helpful information here.
Hello, i think that i saw you visited my website thus i got here to °ßreturn the prefer°®.I’m trying to find things to enhance my web site!I suppose its ok to make use of a few of your ideas!!
Can I recently say such a relief to locate somebody that truly knows what theyre referring to online. You certainly have learned to bring an issue to light making it crucial. More and more people need to see this and see why side of the story. I cant believe youre no more popular since you certainly have the gift.
I admire your work , thankyou for all the informative posts .
Some really choice posts on this web site , saved to favorites .
There is noticeably a lot of money to learn about this. I assume you made specific nice points in functions also.
if the buffalo in my head could speak german i would not know a god damm thing. What i do know is that the language of art is out of this world.
20 Fun Facts About SEO Company Essex digital marketing Company in uk
” The crew includes old chipper Morgan Freeman as Joe, paranoid John Malkovich as Boggs, and the glamorous “goddess,” Helen Mirren.
These moles may possibly be irregular in size and color and that is what can make them this type of wellness danger. When you have been born with this particular problem you might also be more likely to develop Melanoma and so you might have to get the required precautions with regards to protecting your pores and skin and your well being.
A Look At The Ugly Truth About SEO Marketing Agency London seo company in london
Awesome blog! Do you have any tips for aspiring writers? I’m hoping to start my own site soon but I’m a little lost on everything. Would you suggest starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m totally confused .. Any suggestions? Thanks a lot!