Streaming issues? Report here
Clement Manyethela 702 gradient Clement Manyethela 702 gradient
The Clement Manyathela Show
09:00 - 12:00
volume_up
volume_mute

Up Next: The Midday Report with Mandy Wiener
See full line-up
The Clement Manyathela Show
09:00 - 12:00
Home
arrow_forward
Business

South African based e-commerce fashion retailer gets R100 million investment

27 May 2020 7:25 PM
Tags:
e-commerce
RunwaySale
runway
Fasion
online retail
online fashion

RunwaySale, an e-commerce fashion retailer, has received an investment of R100 million from an international private equity firm.

RunwaySale, a South African based e-commerce fashion retailer, has received an investment of R100 million from an international private equity firm, SPEAR Capital.

The company will utilise the investment to drive growth across marketing, stock sectors, as well as machine learning and artificial intelligence technology.

We obviously have a lower cost base to work against so we can pass value on to the consumer and our various brand partners... at the end of the day it helps them to earn revenue...obviously it's a win-win for everybody.

Karl MF Hammerschmidt, Co-founder & CEO - Runway

In order to see the prices we do drive kind of an exclusive wall to keep our brand protected.

Karl MF Hammerschmidt, Co-founder & CEO - Runway

A huge part of the investment we received was to power our machine learning AI programme - obviously the idea is with online you can track... you anonymise it but you can know how long people spend, what they look at - and if you do it right you should be able to plan and buy according to the data.

Karl MF Hammerschmidt, Co-founder & CEO - Runway

Listen to the interview below.

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning.


27 May 2020 7:25 PM
Tags:
e-commerce
RunwaySale
runway
Fasion
online retail
online fashion

Recommended

More from Business

160520DineoMoeketsi.jpg

'I spend extravagantly on shoes. I have various pairs of Christian Louboutin'

13 July 2020 8:15 PM

Arabile Gumede interviews actress Dineo Moeketsi (Langa) about her attitude to money and beliefs about it.

Share this:
Read More arrow_forward

foschinijpg

Foschini offers to buy Jet from Edcon

13 July 2020 7:34 PM

The Foschini Group is offering to buy 371 JET stores. The Money Show's Bruce Whitfield interviews portfolio manager Evan Walker.

Share this:
Read More arrow_forward

Quantitative easing printing money 123rfbusiness 123rf

Why South Africa – much like Zimbabwe - can’t print money to pay for Covid-19

13 July 2020 7:10 PM

Why "quantitative easing" can’t work in South Africa, according to Nazmeera Moola (Head of SA Investments at Ninety One).

Share this:
Read More arrow_forward

Red wine white woman female funny reaction 123rf 123rflifestyle

'Few restaurants will now survive without selling alcohol. We were blindsided'

13 July 2020 6:33 PM

Bruce Whitfield interviews reps from the Restaurant Association Of SA, Business Unity SA and the National Liquor Traders Council.

Share this:
Read More arrow_forward

ramaphosa-imbizojpg

Liquor trade council writes to Ramaphosa to ensure sale of liquor continues

12 July 2020 5:13 PM

Concerns have been raised over the impact of booze on trauma admissions since the ban on sales was lifted in June.

Share this:
Read More arrow_forward

Restaurant with spaced table for Covid-19 social distancing

Load shedding yet another blow for struggling SA businesses

11 July 2020 2:19 PM

Eskom is implementing stage two load shedding for a second day, while technicians work to bring generating units back online.

Share this:
Read More arrow_forward

Darkness, no electricity, load shedding

Loadshedding to be implemented from Friday - Eskom COO

10 July 2020 11:03 AM

More generating units have broken down, resulting in the utility battling to meet the high demand for electricity.

Share this:
Read More arrow_forward

wifi-internet-data-broadband-cell-phone-mobile-device-network-providers-123rf

Small Business Focus: How to get your marketing right in a shrinking media world

9 July 2020 8:38 PM

Pavlo Phitidis says focus must be on the customer group you are trying to reach. You've got to get your demographics right.

Share this:
Read More arrow_forward

broken-heart-broke-money-coins-finances-love-relationship-divorce-break-up-123rf

Personal Finance Feature: Julia - The super saver

9 July 2020 8:02 PM

Though leaving corporate to venture into tourism has been a big test of resilience, she is still happy with her decision.

Share this:
Read More arrow_forward

180710sactwu-strikejpg

SA is becoming a country of old people. Median age has risen from 23 to 27

9 July 2020 7:30 PM

Lumkile Mondi says skills and knowledge that have driven a lot of the growth in the past are going to be undermined.

Share this:
Read More arrow_forward