NeoMagic/Mercado Magico on WWD magazine
Mercado Magico, a multivendedor e-commerce site owned by NeoMagic Corp, started carrying fashion a year ago.
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The site started with electronics, and now is offering fashion companies a chance to setup their owns stores within the platform, said David Tomasello, chairman of NeoMagic Corp and Mercado Magico.com.
He was shopping Coterie looking for interested for contemporary brands. He said Mercado will set up social media, such as TikTok and Pinterest, for the fashion brands and takes 8 percent, which includes credit card fees "We´re looking at nothing over $500. It´s very accessible brands for the consumer", he said.