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Harrods Partners with Global-e to Enhance Global E-commerce Offering

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Global-e (NASDAQ: GLBE) has announced a partnership with luxury department store Harrods to enhance its international online operations. The collaboration will enable Harrods to strengthen its e-commerce strategy across 200+ markets worldwide. Through Global-e's platform, Harrods will offer customers localized shopping experiences including local currency pricing, various payment methods, optimized shipping options, and simplified tax calculations. The partnership aims to combine Harrods' reputation for excellence with Global-e's expertise in international e-commerce operations and data-driven market insights.

Global-e (NASDAQ: GLBE) ha annunciato una partnership con il lussuoso grande magazzino Harrods per migliorare le sue operazioni online internazionali. La collaborazione consentirà a Harrods di rafforzare la sua strategia di e-commerce in oltre 200 mercati in tutto il mondo. Attraverso la piattaforma di Global-e, Harrods offrirà ai clienti esperienze di shopping localizzate, inclusi prezzi in valuta locale, vari metodi di pagamento, opzioni di spedizione ottimizzate e semplificazioni nel calcolo delle tasse. L'obiettivo della partnership è combinare la reputazione di eccellenza di Harrods con l'expertise di Global-e nelle operazioni di e-commerce internazionale e nelle analisi di mercato basate sui dati.

Global-e (NASDAQ: GLBE) ha anunciado una asociación con el lujoso almacén Harrods para mejorar sus operaciones en línea a nivel internacional. La colaboración permitirá a Harrods fortalecer su estrategia de comercio electrónico en más de 200 mercados en todo el mundo. A través de la plataforma de Global-e, Harrods ofrecerá a los clientes experiencias de compra localizadas, que incluyen precios en moneda local, varios métodos de pago, opciones de envío optimizadas y cálculos fiscales simplificados. La asociación busca combinar la reputación de excelencia de Harrods con la experiencia de Global-e en operaciones de comercio electrónico internacional y en conocimientos de mercado basados en datos.

글로벌-e (NASDAQ: GLBE)는 럭셔리 백화점 하로즈와의 파트너십을 발표하여 국제 온라인 운영을 강화할 예정입니다. 이번 협력으로 하로즈는 200개 이상의 시장에서 전자상거래 전략을 강화할 수 있게 됩니다. 글로벌-e의 플랫폼을 통해 하로즈는 고객들에게 현지 통화 가격, 다양한 결제 방법, 최적화된 배송 옵션 및 간소화된 세금 계산을 포함한 현지화된 쇼핑 경험을 제공합니다. 이 파트너십은 하로즈의 우수한 명성과 글로벌-e의 국제 전자상거래 운영 및 데이터 기반 시장 통찰력에 대한 전문성을 결합하는 것을 목표로 합니다.

Global-e (NASDAQ: GLBE) a annoncé un partenariat avec le grand magasin de luxe Harrods pour améliorer ses opérations en ligne internationales. Cette collaboration permettra à Harrods de renforcer sa stratégie de commerce électronique dans plus de 200 marchés à travers le monde. Grâce à la plateforme de Global-e, Harrods offrira aux clients des expériences d'achat localisées, incluant des prix en devises locales, divers modes de paiement, des options d'expédition optimisées et des calculs fiscaux simplifiés. L'objectif de ce partenariat est de combiner la réputation d'excellence de Harrods avec l'expertise de Global-e dans les opérations de commerce électronique international et les éclairages de marché fondés sur des données.

Global-e (NASDAQ: GLBE) hat eine Partnerschaft mit dem luxuriösen Kaufhaus Harrods angekündigt, um dessen internationale Online-Operationen zu verbessern. Die Zusammenarbeit ermöglicht es Harrods, seine E-Commerce-Strategie in über 200 Märkten weltweit zu stärken. Durch die Plattform von Global-e wird Harrods den Kunden lokale Einkaufserlebnisse anbieten, die lokale Währungspreise, verschiedene Zahlungsmethoden, optimierte Versandoptionen und vereinfachte Steuerberechnungen umfassen. Ziel der Partnerschaft ist es, den hervorragenden Ruf von Harrods mit der Expertise von Global-e im internationalen E-Commerce und datenbasierten Marktkenntnissen zu verbinden.

Positive
  • Partnership with prestigious luxury retailer Harrods expands Global-e's market presence
  • Implementation across 200+ markets increases Global-e's global footprint
  • Successful platform migration demonstrates operational capabilities
Negative
  • None.

Insights

This partnership represents a significant strategic move for Global-e, securing a high-profile luxury retailer that enhances its market position in the premium segment. Harrods' adoption of Global-e's platform validates the technology's capability to handle complex, high-value international transactions and demonstrates strong enterprise client acquisition momentum.

The deal's value extends beyond immediate revenue potential - it strengthens Global-e's credibility in the luxury retail space and could accelerate adoption among other premium retailers. The partnership enables Harrods to tap into 200+ markets with localized experiences, potentially driving significant cross-border transaction volume through Global-e's platform.

Key differentiators include localized currency handling, duty/tax calculation and returns management - critical features for luxury retail where transaction values and customer expectations are typically higher. This positions Global-e to capture more high-margin luxury retail clients while diversifying its merchant base.

The luxury e-commerce market represents a particularly attractive segment for cross-border solutions, with higher average order values and greater demand for premium service levels. Harrods' selection of Global-e over competitors indicates strong platform differentiation in handling complex luxury retail requirements.

The timing is strategic as luxury retailers accelerate digital transformation efforts to capture growing international demand. This partnership could serve as a catalyst for Global-e's expansion in the luxury segment, where margins are typically higher and merchants are less price-sensitive to technology solutions that enhance customer experience.

Global-e will enable Harrods to better cater to local and global demand and boost its D2C online strategy

PETACH TIKVA, Israel, Nov. 12, 2024 /PRNewswire/ -- Global-e (NASDAQ: GLBE), the platform powering global direct-to-consumer e-commerce, announced today its partnership with Harrods, the world's leading luxury department store, to enhance its international online operations. This collaboration will enable Harrods to bolster its e-commerce strategy in over 200 markets worldwide, offering customers around the globe a seamless online shopping experience.

The collaboration underscores the shared commitment from Global-e and Harrods to deliver a premium, online retail journey that is synonymous with Harrods' in-store service and reputation for excellence. Global-e's platform will ensure customers worldwide enjoy the same high-quality experience and personalization that defines Harrods.

Harrods will leverage Global-e's platform to offer an elevated, localized shopping experience for their customers. Key features include browsing and payment in local currencies, a wide range of local and alternative payment methods, attractive shipping offerings, advanced duty and tax calculations and prepayment for a guaranteed final cost of purchase, and an easy return process. Global-e's technology will equip Harrods with an optimized approach to international sales while navigating the complex nature of global e-commerce; combining best-in-class localization capabilities, streamlined operations, trade compliance, big-data best practice business intelligence models, and deep local market expertise.

"We are proud to partner with Harrods, an icon in luxury retailing known for its commitment to unparalleled service and excellence, by powering its international online e-commerce operations," said Cristian van Tienhoven, CEO of Global-e Europe. "Our team expertly executed the migration, allowing Harrods to efficiently launch its enhanced e-commerce platform. By leveraging our in-depth, data-driven understanding of customer needs across 200 markets and our scalable platform, we are enabling Harrods to create tailored and localized shopping experiences for its customers worldwide."

"At Harrods we are continuously expanding our e-commerce presence to deliver memorable experiences to our customers around the world, making it crucial to partner with those who can support our ambitious goals. We have partnered with Global-e to provide a seamless customer experience for both our UK and international visitors," said Caitlin Innes, Chief Digital and Customer Officer at Harrods. "Global-e brings a wealth of experience in managing international transactions and deliveries for a range of major international companies and its robust technology platform, extensive industry insights, and proven expertise made it the ideal choice."

About Global-e

Global-e (NASDAQ: GLBE) is the world's leading platform enabling and accelerating global, Direct-To-Consumer ecommerce. The chosen partner of over 1,000 brands and retailers across the United States, Europe and Asia, including iconic brands like Marc Jacobs, Ralph Lauren, and Hugo Boss, Global-e makes selling internationally as simple as selling domestically. The company enables merchants to increase the conversion of international traffic into sales by offering online shoppers in over 200 destinations worldwide a seamless, localized shopping experience. Global-e's end-to-end ecommerce solutions combine best-in-class localization capabilities, big-data best-practice business intelligence models, streamlined international logistics and vast cross-border experience, enabling international shoppers to buy seamlessly online and retailers to sell to, and from, anywhere in the world. For more information, please visit: www.global-e.com.

Global-e Media Contact

Sarah Schloss
Headline Media
sarah.schloss@headline.media
+1 914 506 5104

Global-e Investor Contact

Erica Mannion or Mike Funari
Sapphire Investor Relations, LLC
IR@global-e.com
+1 617-542-6180

About Harrods

Harrods has been serving customers from its Knightsbridge store since 1849 and today the store is the world's ultimate luxury emporium. Harrods is home to more than 3,000 curated brands as well as over 20 dining destinations and expert fashion, home, beauty and wellness services. In addition, Harrods serves customers via harrods.com, H beauty and airport stores, and hospitality destinations in China and Qatar. Harrods continues to be guided by its philosophy of "anything is possible" to ensure that customers enjoy unparalleled experiences with every visit.

Harrods Media Contact  
Harrods Press Office
press@harrods.com

 

Cision View original content:https://www.prnewswire.com/news-releases/harrods-partners-with-global-e-to-enhance-global-e-commerce-offering-302302408.html

SOURCE Global-e

FAQ

What services will Global-e (GLBE) provide to Harrods?

Global-e will provide Harrods with localized shopping experiences including local currency pricing, various payment methods, optimized shipping options, tax calculations, and streamlined returns processing across 200+ markets.

When did Global-e (GLBE) announce its partnership with Harrods?

Global-e announced its partnership with Harrods on November 12, 2024.

How many markets will Harrods reach through Global-e's (GLBE) platform?

Through Global-e's platform, Harrods will reach customers in over 200 markets worldwide.

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