NEW YORK, NY - Recently, Traders News Source (TNS) has released a report on the struggles in the E-commerce retail sector and supply chains featuring Aterian, Inc. (NASDAQ: ATER) and Naked Brand Group (NASDAQ: NAKD).
According to Insider Intelligence, US retail e-commerce sales will grow 13.7%, reaching $908.73 billion in 2021. Amazon has 40% of that market but that leaves a lot of revenues for other e-commerce retailers.
Aterian, Inc. (NASDAQ: ATER) uses sophisticated software to manage products across the world's largest online marketplaces, including Amazon, Shopify, and Walmart. Aterian has thousands of SKUs across 14 owned and operated brands, including home and kitchen appliances, health and wellness, beauty, and consumer electronics. In the Friday, August 27th trading session, Aterian shares gained 47%. Aterian has been impacted by interruptions in their supply chain and unpredictable transportation costs. They report spikes in container shipping rates of 500%.
Read Traders News Source's Full Report on E-commerce, Supply Chain, Naked Brand Group and Aterian at https://bit.ly/3jqOMVl
Naked designs, retails, and sells women's and men's intimates apparel and swimwear products primarily in the United States. It offers intimate, sleepwear and loungewear, swimwear and accessories, and costume products under the licensed Frederick's of Hollywood brand. The company sells its products online through fredericks.com as well as a decreasing number of brick-and-mortar stores. The company generated FYE 1-21-21 revenues of $80M.
Naked Brand made a regulatory filing on August 20, 2021, announcing that it had entered into a preliminary merger agreement. There's not much information currently available about the upcoming partnership or acquisition arrangement.
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