Why we’re so excited about Faire

Faire growth

Right now, Faire is being used by 500,000 retailers in North America and Europe and by 70,000 brands from 150 countries. By the time you’ve finished reading this, those numbers will probably have already increased.

In just five years, this San Francisco–based company topped the $1 billion mark in annual transactions and is currently valued at $12 billion.

How did Faire grow so fast?

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“The future is local”

Faire’s mission is to connect small vendors and retailers around the world so they can do business as easily as large suppliers. And this mission has been fully realised over the last year with Faire giving over 6,000 small business owners $60 million in inventory credit to help them open new stores or launch online sites.

‘Faire puts us in front of retailers across the world that may have never discovered us through the more traditional B2B routes of trade shows or paid advertising.’ Says Alice Parmenter , Creative Director of Pineapple Island UK , an ethical jewellery and bohemian accessories merchant who started using Faire to expand their business.

By investing its own form of seed funding to support and accelerate the volume of retailers able to trade, Faire is truly levelling up the playing field for small businesses.

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The next stage

Unsurprisingly, many small businesses have seen unparalleled growth with Faire’s support. With growth, comes a necessity for best practice processes and automation. By integrating Faire into the retail operating systems of growing retailers, we’ve been allowing growing merchants to seamlessly position their goods in front of Faire’s vast customer base with ease.

In our integration, SKU matching between both systems ensures inventory levels are kept updated in Faire meaning merchants never miss out on a sales opportunity or oversell stock. Sales orders are fully synchronised and once shipped in Brightpearl by Sage , the tracking references are sent back to Faire. Tax mapping automatically calculates tax, where necessary, for all sales orders and the integration supports both shipping methods available to merchants using Faire.

‘The integration has saved about 2 hours in admin time a day so far, as before we were having to input all our stock quantities and invoices manually. For us, as we have so many different channels, the best part of the integration is the stock control. Before, an item would go out of stock in the warehouse from being sold on a different channel and still show as in stock on Faire – so we would have to refund the customer.’ Says Alice.

So whilst Faire helps small stores get better prices, and helps small retailers get access to more craftspeople and small manufacturers, you’ll find us working hard behind the scenes of these small merchants, implementing specialist technology, so that they can operate at their most productive.

That’s why we’re excited.