🇳🇱 Picnic raised €355M for expansion in Europe,, bolstering its expansion in France and Germany. Founded in 2015, Picnic delivers groceries via small electric vans from local distribution warehouses. In 2023, Picnic achieved approximately €1.25 billion in sales and aims for €1 billion in annual sales by the end of 2024

🇩🇪 Netto unveils 'Pick&Go' autonomous shopping in Regensburg,, offering a fully autonomous shopping experience without the need for registration or check-ins. Customers can pick products from shelves equipped with digital displays, and their purchases are automatically tallied as they shop. The store combines AI-powered scales for weighing produce, fast exit terminals for easy checkout, and traditional payment methods, catering to all customer preferences

🇺🇸 Amazon closes final Fresh Pickup in Seattle, continues package service operations.. The site at the base of the Starbucks headquarters, along with another location in Ballard, represented Amazon's only Fresh Pickup operations in the U.S. Despite these closures, the spaces continue to serve as Amazon Hub locations, facilitating package pickups and drop-offs

🇪🇺 Douglas eyes Q1 IPO in Frankfurt, a milestone for European markets.. This would mark a significant event in the 2024 European IPO landscape. Valued at up to €7 billion, this CVC-owned company's move follows impressive earnings, including a 12% sales rise to over €4 billion. The IPO, aiming to reduce the company's substantial debt, signals a rejuvenating IPO market after a quiet period

🌍 Amazon Fashion launches new AI tools for perfect fit solutions.. Amazon has introduced 4 AI-driven features: personalized size recommendations, a "Fit Insights" tool for sellers, AI-generated highlights from fit reviews, and reimagined size charts. These advancements aim to reduce the high return rate associated with online clothing purchases by providing more accurate size guidance and detailed product insights

🌍 Shein's revenue surpasses $30B, asserts Fashion dominance,, according to Authentic Brands Group CEO Jamie Salter. This achievement places Shein among the top global fashion retailers, alongside Zara's Inditex and H&M, highlighting its rapid growth and market influence

🇪🇺 Zalando to utilised Innervate' advanced marketing automation.. Utilizing Innervate's advanced marketing automation capabilities, Zalando will effectively manage numerous campaigns, enriching customer engagement and brand awareness. This collaboration transformed Zalando's marketing approach, allowing for efficient campaign management and personalized content

🌏 Shein seeks Chines approval ahead of US IPO.. The company's confidential filing in the US, alongside a filing with the China Securities Regulatory Commission, highlights its adherence to Beijing's new rules for offshore listings

🌎 eBay resolves Cyberstalking case with $3M Penalty.. The case involved former employees targeting a couple critical of the company, leading to charges of stalking, witness tampering, and obstruction of justice

🌎 Amazon, Google, Duolingo reduce workforce in major tech layoffs.. Twitch, Amazon’s Prime Video, MGM Studios, and Google Assistant divisions are among those affected

🇰🇷 Alibaba's AliExpress and Temu navigate challenges in South Korea's ecommerce Boom.. Despite attracting millions of users with low prices, they grapple with long delivery times and quality concerns, contrasting with local giants Coupang and Gmarket. South Korea, the fourth-largest e-commerce market, poses a unique challenge for these Chinese platforms

🇺🇸 Walmart expands drone delivery to 1.8M more texas homes,, covering 75% of Dallas-Fort Worth. Partnering with Wing and Zipline, Walmart enhances delivery speed and convenience, showcasing innovation in logistics

🌏 Alibaba reduces stake in GoGoX amid stiff mainland competition.. Alibaba trims GoGoX stake to 8.89% (from 12.23%) amidst fierce mainland competition. GoGoX's continuous losses since 2018 and Alibaba's focus on Cainiao IPO reflect shifting strategies in the competitive logistics market. GoGoX's expansion in Asia contrasts with Alibaba's strategic divestment

🇺🇸 Amazon delivered 1B same-day deliveries in US.. Available in over 90 metro areas, Amazon's model underscores the importance of supply chain control and customer trust. 79.8% of U.S. shoppers stated that its fast, free shipping was the primary reason they shopped with the retailer

AliExpress' report unveils European shopping habits:

The DeliveryX Packaging 2023 report by InternetRetailing has brought to light some crucial insights and statistics regarding the unboxing phenomenon in e-commerce.

🇮🇳 Captain Fresh secures €12.1M in extended Series C funding, led by Nekkanti Sea Foods. The Bengaluru-based B2B animal protein marketplace raises total funds to €137M with a valuation close to €362M. Expansion and innovation on the horizon with this fresh capital injection.

🇬🇧 Luxe Collective Strikes Gold in Dragons' Den. Luxe Collective secures a €115K investment for a 3% stake from entrepreneur Steven Bartlett on BBC's Dragons' Den. The Liverpool-based luxury resale platform, with 2.2M social followers, champions authenticated high-end goods and innovative selling services. This strategic partnership amplifies its potential in the preloved luxury market.

🌎 Amazon and Walmart Leverage Gaming for Innovative Revenue Streams. Amazon introduces ads to Prime Video and develops Warhammer 40,000 content, while Walmart partners with Unity for in-game shopping. Both moves reflect strategic shifts in digital consumer engagement and spending.

🇺🇸 TikTok Aims for $17.5B in US Sales. With 150M users, TikTok eyes a tenfold increase, hinting at a direct rivalry with Temu and Shein.

🇪🇸 Glovo and Uber Eats under Scrutiny for allegedly employing undocumented foreigners as delivery drivers. The Spanish Labor Inspection is cracking down on these gig economy giants, suspecting misuse of subcontracting to employ unauthorized workers. Potential fines could reach €372M.

🇨🇳 Baidu Retreats from Joyy Deal. Chinese tech giant Baidu abandons its $3.6B plan to acquire Joyy's livestreaming business, YY Live. Amid unmet conditions and regulatory uncertainties, the significant deal falls through. Joyy seeks legal counsel in response.

🇦🇱 Wolt dives into Albania. Finnish food delivery giant Wolt announces aggressive recruitment drive in Tirana, eyeing expansion and tapping into the local market. Aiming to bring its innovative food delivery services to Albania, Wolt seeks sales, marketing, and customer support talents.

🇮🇳 Swiggy Valuation Soars to $8.3B. Invesco hikes Swiggy's valuation, as the Indian food delivery giant gears up for its stock market debut, reflecting a robust growth trajectory.

🇺🇸 DoorDash plots expansion outside core restaurant business in US. DoorDash is set to venture beyond its staple of restaurant deliveries, investing in new domains within the US and in new geograpgies. A move spurred by a desire to leverage its increasing capital.

🇫🇷 LVMH’s Chaumet Debuts on Alibaba's Tmall. French luxury jewelry brand Chaumet unveils its flagship store on Alibaba's Tmall, marking a strategic move to captivate Chinese consumers. The brand offers exclusive access to its rose gold Bee My Love necklace and membership perks, setting a new standard in online luxury retail.

🇺🇸 Wayfair reportedly in talks about potential merger with Shein and Temu. As the retail landscape evolves, Wayfair, a Boston-based home goods retailer, is reportedly exploring a merger with Chinese e-commerce giants Shein or Temu. Amidst a significant slump in share price and loss of customers, this strategic alliance could be a vital move for Wayfair's market resurgence and distribution enhancement.

🇺🇸 SHEIN & Uniqlo Lead US Fast-Fashion. Fast-fashion brands SHEIN and Uniqlo take the lead in the US market, overshadowing luxury brands. SHEIN's 40% market share and Uniqlo's 28% increase in sales underscore a significant shift in consumer spending towards more affordable, trendy options.

🇬🇧 Browns future is uncertain post Coupang-Farfetch deal. Amidst a strategic shake-up, luxury retailer Browns faces uncertain times following Farfetch's acquisition and its subsequent transition to a Coupang subsidiary. The high-end fashion store, known for bringing exclusive designers to the UK, might be on the selling block as Farfetch seeks to resolve its financial woes. A potential sale to Frasers Group could reshape its trajectory and impact independent brands and the luxury market landscape.

🇬🇧 eBay, Airbnb, Vinted Align with HMRC. New tax rules obligate eBay, Airbnb, and Vinted to share user transaction details with tax authorities starting January. This move aims to tighten the tax net on online sales and services, potentially impacting those with significant online earnings. Digital platforms must now regularly report income, ensuring tax compliance and fair play.

🇺🇸 Amazon captured 29% of global online orders in the final 2 weeks before christmas. This is an increase from 21% at Thanksgiving and Black Friday. This is a result of investment into delivery speed as about 70% of Prime orders in the U.S. arrive within 2 days, and 25% within a day.

🇺🇸 Alibaba, once a Wall Street favorite, faces a 75% stock decline. Alibaba's stock tumbles to €70.84, a stark drop from the 2020 high of €276.00. Challenges ahead with AI rise and management shifts.

🌏 Lazada launches layoff wave across Southeast Asia. Alibaba's Lazada executes staff cuts across Southeast Asia amid stiff competition and strategic overhaul. A somber chapter for regional e-commerce.

🇵🇱 Allegro envisions strong expansion in 2024. Allegro sets its sights on 2024 with robust plans for tech innovation, international expansion, and logistic enhancements, reinforcing its leadership in Poland's e-commerce.

🇨🇳 JD wins €93.6M antimonopoly lawsuit against Alibaba. The lawsuit came about because Alibaba forced retailers on its brand platform Tmall not to also offer their products on JD.com.

Polish consumers can’t get enough of marketplaces, at least on affiliate links

In 2024, fast fashion is only going to get faster