Vestiaire Collective Expands International Ecommerce with the Descartes CustomsInfo™ Solution
October 21 2019 - 6:45AM
Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader
in uniting logistics-intensive businesses in commerce, announced
that Vestiaire Collective, the leading, global community-driven
platform for desirable pre-owned fashion, is using the cloud-based
Descartes CustomsInfoTM solution to support classification
determinations and reduce duty spend as it expands international
ecommerce operations outside of Europe.
“With a substantially growing catalogue, we wanted to expand
beyond the borders of the EU,” explained Charles Bellois, Director
of Operations at Vestiaire Collective. “Until now, our fixed-price
operating model has prevented us from opening up certain countries
to ecommerce. Thanks to Descartes CustomsInfo and the precise
landed cost calculations it allows, our catalogue is now available
in 21 new countries, such as South Africa, Brazil, Malaysia, the
Philippines, Qatar, Taiwan and the United Arab Emirates.”
With a sizable database of over 6 million global trade reference
documents and advanced HS code search capabilities, Descartes
CustomsInfo is a comprehensive international trade research
solution for compliance professionals. Using the solution,
Vestiaire Collective has a central point of access into a robust,
up-to-date repository of trade content, from classification to
valuation, special trade programs and more, for over 175
countries worldwide. The company can calculate the customs duties
and taxes applicable to an online purchase and display these in
real-time to consumers. This provides customers with full
transparency into the total purchase cost during the order process.
Duties and taxes are calculated automatically according to the
countries of the customer and the seller, and the composition of
the product, allowing Vestiaire Collective to better automate
customs pre-declarations and significantly improve delivery
times.
“We’re pleased to support Vestiaire Collective’s international
growth,” said Paul Simon Thomas, SVP, Sales EMENAR at Descartes.
“Cross-border ecommerce is constantly expanding amidst a rapidly
changing regulatory, tax and duty environment. With an advanced
solution that fits diverse international ecommerce businesses,
global locations and trade lanes, Descartes is helping exporters
and importers improve control over landed cost data and services
while they focus on their core business.”
About Vestiaire CollectiveVestiaire Collective
is the leading global platform for desirable pre-owned fashion.
Curated by its trusted community of fashion lovers, members inspire
one another whilst selling and buying unique pieces from each
other’s wardrobes. Encouraging consumers to join the circular
economy as the sustainable alternative to throw-away fashion, the
platform is unique due to its highly engaged community, its rare
desirable inventory and its authenticity and quality control
process. Launched in Paris in October 2009,
Vestiairecollective.com has close to 9 million members across 50
countries worldwide with offices in Paris, London, New York, Milan,
Berlin and Hong Kong. Over 40,000 new items are
submitted by its community of sellers every week, which enables
buyers to search amongst highly coveted and sold out fashion pieces
whilst participating in the circular fashion movement.
About DescartesDescartes (Nasdaq:DSGX)
(TSX:DSG) is the global leader in providing on-demand,
software-as-a-service solutions focused on improving the
productivity, performance and security of logistics-intensive
businesses. Customers use our modular, software-as-a-service
solutions to route, schedule, track and measure delivery resources;
plan, allocate and execute shipments; rate, audit and pay
transportation invoices; access global trade data; file customs and
security documents for imports and exports; and complete numerous
other logistics processes by participating in the world's largest,
collaborative multimodal logistics community. Our headquarters are
in Waterloo, Ontario, Canada and we have offices and partners
around the world. Learn more at www.descartes.com, and connect
with us on LinkedIn and Twitter.
Global Media ContactMavi SilveiraTel: +1(800)
419-8495 ext. 202416msilveira@descartes.com
Cautionary Statement Regarding Forward-Looking
Statements This release contains forward-looking
information within the meaning of applicable securities laws
("forward-looking statements") that relate to Descartes' solution
offering and potential benefits derived therefrom including the
ability to provide data in support of changes in regulatory, tax
and duty obligations; and other matters. Such forward-looking
statements involve known and unknown risks, uncertainties,
assumptions and other factors that may cause the actual results,
performance or achievements to differ materially from the
anticipated results, performance or achievements or developments
expressed or implied by such forward-looking statements. Such
factors include, but are not limited to, the factors and
assumptions discussed in the section entitled, "Certain Factors
That May Affect Future Results" in documents filed with the
Securities and Exchange Commission, the Ontario Securities
Commission and other securities commissions across Canada including
Descartes most recently filed management's discussion and analysis.
If any such risks actually occur, they could materially adversely
affect our business, financial condition or results of operations.
In that case, the trading price of our common shares could decline,
perhaps materially. Readers are cautioned not to place undue
reliance upon any such forward-looking statements, which speak only
as of the date made. Forward-looking statements are provided for
the purposes of providing information about management's current
expectations and plans relating to the future. Readers are
cautioned that such information may not be appropriate for other
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undertaking to release publicly any updates or revisions to any
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on which any such statement is based, except as required by
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