E-Trader Group consolidates operations into Central London office
The E-Trader Group has moved into a new Head Office in Kensington Village, Central London. The new office sees E-Trader consolidate all its operations following the acquisition of Koodos in October 2009 and follows the re-location of the Stockshifters.com office from Evesham to London in November 2009.
Harvey Sinclair, E-Trader Group CEO, said “This move is an important step in the development of our business as it allows us to bring all our staff across our businesses together into a single location with first class facilities and infrastructure. In the fast moving market that we operate in it is critical that we have the right environment and this enables us to be efficient and cost effective in managing our businesses.”
The E-Trader Group Head Office details are available in the contact section of the website.
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Press Release: E-Trader Group buys koodos
E-Trader Group acquires Koodos Ltd (koodos.com), one of the UK’s leading discount fashion e-tailers. The deal, involving a part cash, part share consideration for an undisclosed sum, represents the next step in the company’s strategy to become the UK’s leading e-commerce business focused on the fast growing clearance and overstock market. E-Trader Group specialises in the clearance and overstock sector by offering retailers and manufacturers access to both the trade and consumer markets via one single easy-to-use online platform.
The acquisition of koodos.com adds a designer brand fashion clearance channel to the group’s already existing successful business stockshifters.com: the UK’s leading trade marketplace for retailers and manufacturers to sell bulk stock (clearance, overstock) to the trade and secondary market.
koodos.com is an award winning online fashion outlet, offering consumers discounts of up to 80%.
Harvey Sinclair, CEO of E-Trader Group said:
“The acquisition of koodos.com is an incredible opportunity for E-Trader Group to enter the attractive consumer market. koodos.com is a well respected and recognised consumer brand, with a large database of loyal customers and strong relationships with over 200 fashion brands. This acquisition enables E-Trader Group to broaden its offering to retailers and manufacturers looking for a more efficient channel for their overstocks and clearance.”
E-Trader Group’s vision is to build on the existing success of koodos.com. Developments are now underway to capitalise on strong brand relationships and the consumers’ increasing demand for a good bargain.
Robin Klein, Chairman of koodos.com said:
“We are pleased to be joining forces with the e-trader group. The acquisition represents a real opportunity for koodos.com to build on its position as a company offering fantastic brands within the online clearance market. e-trader’s unique expertise and technical capability will help leverage Koodos to continue to grow and develop within the consumer marketplace.”
The E-Trader Group marketplace is driven by the availability of secondary market stock (bulk, overstock, and clearance) which in the UK is estimated to be worth c.£12billion annually. The Koodos off price market place is estimated to be worth cGBP14billion annually.
For further information or interview opportunities please contact: Kate Bradley or Georgina Dawson at Gabrielle Shaw Communications, email: kate@gabrielleshaw.com or telephone: +44(0)20-7731-8811
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Debra Barr – Life after The Apprentice
I joined E-Trader Group in the position of Commercial Manager in August 2009. I was looking for a new challenge after ‘The Apprentice’ TV Show and when I met the CEO, Harvey Sinclair, he shared his vision for changing the face of the secondary market for clearance and surplus goods.
With the economic recession (the biggest downturn I expect and hope I’ll ever live to see) biting hard and both retailers and manufacturers looking for increased recovery rates and reduced working capital investment, it seemed like the perfect opportunity to develop my career.
At E-Trader Group I am currently focusing on the B2B online marketplace www.stockshifters.com helping retailers & manufacturers to dispose of excess stock to the trade. It’s a whole new challenge working within the retail sector; however there seems to be a genuine gap in the market for helping retailers & manufacturers alike to find an asset recovery channel for their redundant stock.
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