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Produced by NuOrder, a Los Angeles–headquartered wholesale e-commerce platform, the recently released “Future of Wholesale” survey reported that wholesale will continue to be an important market, said Adam Schneider, NuOrder’s chief operations and financial officer.

The survey found that 90 percent of the brand executives interviewed planned to continue to invest in the wholesale side of their businesses. But there needs to be some technological changes, Schneider contended.

“Our survey results show that there is a shift in the industry leading to a more-digital operational model. Brands that are confident in the future have been at the forefront of onboarding tech solutions to automate and streamline processes. Remarkably, brands almost unanimously report having satisfactory relationships with their retailers, which means that the industry is primed to problem-solve, streamline and standardize the whole distribution model,” Schneider wrote.

While a large majority of those surveyed—71 percent—have used B2B tools to conduct wholesale business, those surveyed also gave reasons for why they haven’t embraced business-to-business technology more. The survey found that 37 percent did not have the budget for more B2B technology, and 32 percent said that they did not have an immediate need for it.

Brand executives also discussed what they wanted from B2B technology. They were looking for tools to help forecasting and planning, plus inventory and order management. About 25 percent of the respondents said such tools could help them with forecasting and planning, and 15 percent said digital tools could help them with shipment tracking, order fulfillment and distribution.

The “Future of Wholesale” survey also charted where brands find new retail accounts. About 36 percent of respondents said that they found a majority of their retail clients and did a majority of their business with clients at trade shows. The survey also found that 18 percent of respondents found a majority of business with retailers and wrote orders at showrooms, and 18 percent said that they found and secured a majority of their retail partnerships through email blasts.

Sours: https://www.apparelnews.net/news/2020/nov/19/nuorder-survey-finds-brands-committed-wholesale/

NuOrder to Be Acquired in $425 Million Deal

Originally published June 8, 2021 at 7:50 p.m., updated June 11, 2021 at 3:01 p.m.
Co-founders Heath Wells, left, and Olivia Skuza at the West Hollywood headquarters of digital information firm NuOrder.

Co-founders Heath Wells, left, and Olivia Skuza at the West Hollywood headquarters of digital information firm NuOrder. Photo by Ringo Chiu.









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Sours: https://labusinessjournal.com/news/2021/jun/08/nuorder-be-acquired-425-million-deal/
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NuORDER Payments will provide brands and buyers with a revolutionary purchasing experience to manage payments and orders

LOS ANGELES, Jan. 26, 2021 /PRNewswire/ -- Leading B2B ecommerce platform NuORDER announces the introduction of NuORDER Payments, an innovative payment solution transforming the way brands and retailers will transact on a global scale. NuORDER brands can now accept credit card payments directly in their wholesale platforms without having to go through a third-party payment gateway or process payments over the phone. While digital payments have become standard in the B2C world, B2B payment processes have remained archaic, tedious and time consuming for both brands and buyers.

"Before making the move to NuORDER Payments, we were manually storing customer credit card numbers and keying them into a machine in the offices. Orders now come in with a credit card on file which has helped us process more orders and saved us so much time on admin work. On top of all this we are confident that our customers' data is secure and protected," said Umair Valoria at Three Layer Sportswear.

NuORDER Payments is the only B2B payments solution that is designed specifically to support and streamline the complex wholesale ordering process. With the flexibility to offer click-to-purchase and pay later experiences, brands can manage payments for both immediate or pre-book orders, without risking the delays or cancelled orders associated with the traditional invoicing process. Buyers will benefit from a simplified checkout experience that allows them to complete payments in the same system they are placing orders and store multiple credit cards in a secure digital wallet for convenient and easy purchasing across NuORDER's network of more than 3,000 brands.

Additionally, after conducting a service fee audit of its customers, NuORDER found that many are paying much higher than necessary rates. NuORDER Payments will offer the most competitive rates in the industry.

"Apparel and footwear wholesale is nearly $300 billion dollars in the United States alone. We have seen a huge swell of demand from brands and retailers asking for help to streamline the payments process. Digital payments is the norm for e-commerce but B2B payments have been stuck in the dark ages for too long. With NuORDER payments we are delivering a much needed solution to be able to collect payments in a more cost effective and streamlined way," said Heath Wells, Co-Founder and Co-CEO of NuORDER.

As brands continue to navigate an increasingly complex web of global privacy regulations and security risks, NuORDER Payments provides brands with a SOC2 and PCI compliant solution that includes machine learning and AI powered fraud prevention, payment routing optimization, and advanced data encryption. A customer-centric tech company first, NuORDER continues to adapt and enhance its platform in order to meet the fast-changing needs of its global network.

For more information on NuORDER Payments go to https://www.nuorder.com/payments/.

About NuORDER:
NuORDER is the leading wholesale e-commerce platform. Brands use NuORDER to deliver a seamless, more collaborative wholesale process, where buyers can browse products, plan assortments and make smarter buys in real-time. The NuORDER platform was engineered with flexibility and scale in mind processing over $35B in GMV. It empowers businesses of all sizes with enterprise-level technology. Headquartered in Los Angeles, California with offices globally; NuORDER connects more than 3,000 brands and 500,000 retailers, helping them grow and win together. For more information, please visit www.nuorder.com

Media Contact:
NuORDER | PR Consulting
[email protected]

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SOURCE NuORDER

Sours: https://www.yahoo.com/now/nuorder-transforms-wholesale-transactions-innovative-174500476.html
NuORDER 4.0 Overview

But digital wholesale platforms like NuOrder, Joor and Faire, who connect retailers with the brands they want to buy product from, were welcomed middlemen in the last year. In the last week, Joor and Faire announced new funding rounds of $46 million and $260 million, respectively. For its part, Faire, which mostly works with independent brands, tripled its valuation from $2.5 billion to nearly $7 billion in the last six months. In March, the 10-year-old NuOrder also announced a large funding round of $45 million led by Brighton Park Capital and Imaginary Ventures. 

The investor confidence in these companies is an indication that wholesale isn’t going away, only changing. These digital platforms offer a more streamlined wholesale solution compared to trade shows, but with greater scale and volume opportunities compared to individual partnerships with retailers.

According to Heath Wells, co-founder of NuOrder, the initial thinning of wholesale orders at the beginning of the pandemic has given way to a strong bounce back. NuOrder has been back to more than $1 billion in transaction volume a month since last fall, he said. Brands like Lacoste and Levi’s use the platform, along with retailers like Nordstrom.

“A lot of retailers canceled orders at the beginning. Now they’re going back out to market and are trying to fill up the store again,” Wells told Glossy last fall. “Wholesale is rebounding quite well. Saks is really doing well, and people are shopping again.”

Lauren Cooks Levitan, CFO at 4-year-old Faire, said the No. 1 thing the 200,000 retailers and 20,000 brands that Faire works with are looking for is more volume. Apparel transactions on Faire are up 5X year-over-year. Cooks Levitan said apparel is particularly well-suited to digital wholesale platforms.

“Apparel brands often have more complex, larger catalogs with lots of SKUs for different sizes and colors,” Cooks Levitan said. “We have a bulk uploader option, which makes those complicated catalogs a lot simpler.”

Notably, two of these platforms are using their new cash investments for international expansion. Faire is using its new funding to expand its existing European operations outside of the U.K., where it primarily operates now. Cooks Levitan said the European market alone represents billions of dollars of potential transaction volume.

Faire is focused solely on European expansion for now,  Cooks Levitan said. Meanwhile, 11-year-old Joor has made Asia its main focus. With Joor’s new funding, it became the first digital wholesale platform to begin operating in mainland China at the beginning of June. Joor works with largre retailers and brands like Balenciaga and Neiman Marcus.

Cooks Levitan said she doesn’t see the shift that some brands made towards DTC as threatening to wholesale’s future.

“I believe that omnichannel is the future,” she said. “Yes, a lot of brands put resources into DTC over the pandemic, but wholesale is important, especially for growing an audience. Shelf space in a premium store is amazing marketing. It’s not as easy as it used to be to grow an audience solely through DTC and Instagram ads. A spot on the shelf in a good retailer is important for brand visibility. That’s not going away.” 

Sours: https://www.glossy.co/fashion/funding-for-nuorder-faire-and-joor-suggest-wholesale-isnt-dead/

Brands nuorder

Companies using NuORDER

We have data on 385 companies that use NuORDER. The companies using NuORDER are most often found in United States and in the Apparel & Fashion industry. NuORDER is most often used by companies with 10-50 employees and 1M-10M dollars in revenue. Our data for NuORDER usage goes back as far as 4 years and 3 months.

If you’re interested in the companies that use NuORDER, you may want to check out WooCommerce and Shopify as well.

Who uses NuORDER?

Some of the companies that use NuORDER include:

CompanyAlice and Olivia LLC
Websitealiceandolivia.com
CountryUnited States
Revenue50M-100M
Company Size200-500
CompanyPR Consulting
Websiteprconsulting.net
CountryUnited States
Revenue10M-50M
Company Size50-200
CompanyAROUNDCAMPUS GROUP, LLC
Websitearoundcampusgroup.com
CountryUnited States
Revenue100M-200M
Company Size500-1000
CompanyVF Corporation
Websitevfc.com
CountryUnited States
Revenue>1000M
Company Size>10000
CompanyHudson Clothing, LLC
Websitehudsonjeans.com
CountryUnited States
Revenue10M-50M
Company Size50-200

Target NuORDER customers to accomplish your sales and marketing goals.

Customize NuORDER users by location, employees, revenue, industry, and more.

NuORDER Market Share and Competitors in eCommerce

We use the best indexing techniques combined with advanced data science to monitor the market share of over 15,000 technology products, including eCommerce. By scanning billions of public documents, we are able to collect deep insights on every company, with over 100 data fields per company at an average. In the eCommerce category, NuORDER has a market share of about 0.1%. Other major and competing products in this category include:

385

Companies using NuORDER

NuORDER market share in eCommerce is about 0.03%
NuORDER market share in eCommerce is about 0.03%

385

Companies using NuORDER

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What is NuORDER?

NuORDER provides user sales team and buyers a central place to browse products and catalogs with access to real-time sales and inventory data and the ability to place orders from a computer or mobile app.

Top Industries that use NuORDER

Top Industries that use NuORDER

Looking at NuORDER customers by industry, we find that Apparel & Fashion (38%), Retail (16%) and Wholesale (10%) are the largest segments.

Companies using NuORDER - Distribution by industry

Top Countries that use NuORDER

Top Countries that use NuORDER

73% of NuORDER customers are in United States and 7% are in United Kingdom.

NuORDER customers by country

Distribution of companies that use NuORDER based on company size (Employees)

Distribution of companies that use NuORDER based on company size (Employees)

Of all the customers that are using NuORDER, 49% are small (

Companies using NuORDER, by size (number of employees)

Distribution of companies that use NuORDER based on company size (Revenue)

Distribution of companies that use NuORDER based on company size (Revenue)

Of all the customers that are using NuORDER, a majority (74%) are small (<$50M), 14% are large (>$1000M) and 6% are medium-sized.

NuORDER clients - distribution by company revenue

Target NuORDER customers to accomplish your sales and marketing goals.

Customize NuORDER users by location, employees, revenue, industry, and more.

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NuORDER: Efficiency at Agenda Show

NuORDER

Beyond Yoga beyondyoga.com 760 Lausanne Rd Los Angeles CA 90077-3316 US Hospitality Recreation From 10 to 49 From $50,000,000 to $99,999,999 (310) 476-0810 2 months ago Ted Baker tedbakerplc.com The Ugly Brown Building 6A St. Pancras Way London England NW1 0TB GB Manufacturing Textiles & Apparel From 1,000 to 4,999 From $50,000,000 to $99,999,999 - a month ago Hanesbrands Inc. hanes.com 1000 Hanes Mill Rd Winston-Salem NC 27105 US Retail Apparel & Accessories Above 10,000 Over $1,000,000,000 (336) 519-8080 2 months ago Barbour Inc. barbour.com 29 Fouberts Pl London England W1F 7QF GB Manufacturing Textiles & Apparel From 500 to 999 From $10,000,000 to $49,999,999 +442074343209 2 months ago Acushnet Company acushnetholdingscorp.com 333 Bridge Stree Fairhaven MA 02719 US Manufacturing Sporting Goods From 5,000 to 9,999 Over $1,000,000,000 (800) 255-8500 2 months ago Daytona Apparel Group daytonaapparel.com 358 5th Ave, Rm 1212 New York NY 10001-2209 US Manufacturing Textiles & Apparel Unknown From $10,000,000 to $49,999,999 (212) 564-5366 2 months ago
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