SSENSE is a leading international online retailer known for its curated selection of over 400 fashion and luxury brands. The Montreal, Canada based company was founded in 2003 by three brothers, Rami, Firas and Bassel Atallah. Despite their initial aim of creating a website design firm, it rapidly morphed into one of the most avant-garde fashion e-tailers. The privately-held company has not gone public, hence, details regarding stock market symbol, IPO date and market cap at IPO are not applicable. For more detailed information, the Wikipedia and Bloomberg page of SSENSE can be referred to.
Among SSENSEs notable competitors are Farfetch, Net-a-Porter, and MATCHESFASHION. Following the luxury e-commerce model similar to SSENSE, Farfetch partners with over 700 boutiques and brands worldwide, listing their inventory online where it can be easily browsed and purchased by customers. Similarly, Net-a-Porter and MATCHESFASHION bring together a meticulously selected roster of designers and fashion brands and sell their products through their online platforms. The competition in the luxury online retail sector remains fierce, given the ongoing pandemic, which has shifted customer preferences towards online shopping.
Companies and data analysts might use web scraped data from the SSENSE to monitor fluctuating prices, trace the origin of a product, and track discounts on various items. This tangible data can also be used to create predictive models for pricing strategies based on customer preferences and shopping habits. For example, analysts might observe a surge in sales of a particular brand during a specific discount period. This data, when paired with demographic information, might help the company impose effective marketing tactics and sales strategies. In addition, web scraped data can assist in market research, allowing a company to stay ahead of its competitors by understanding the industrys pricing trends and customer demands.