ECommerce News: Industry

Chinese Banks Venture into Ecommerce (Financial Times)
“While a few western banks such as Bank of America have launched internet shopping portals linked to major retailers, CCB’s ambition goes well beyond that. It wants to become a fully fledged ecommerce site that is home to thousands of vendors, big and small.”

L’Oreal Paris to begin direct sales from its own e-commerce site in March (The Rude Baguette)
Starting in March, L’Oreal Paris will launch their own online store[fr] where they will make their entire product line available for purchase.  While most luxury cosmetic brands in France have widely been available online for some time, many mass market cosmetic brands have avoided setting up their own on-line shops so as to not upset their all-powerful mass retail clients.”

Barneys New York is launching an off-price site on Monday (Internet Retailer)
“Fashion aficionados who can’t travel to one of 13Barneys New York Inc.’s stores that sell products at a discount will have a new option Monday when the retailer debuts, a permanent off-price e-commerce site. Barneys New York also operates nine full-price stores.”

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