🌀 Recommence Fashion Boom in Europe🌍

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FoxiIntelligence and eBay's 2024 report reveal fashion recommerce growth and consumer preferences.

🛍️ Second-Hand Market Growth

• France: 17.8% share in 2023, up from 11.3% in 2019

• UK, Italy, Spain: Significant increase in second-hand market

• Recommerce is a dynamic trend in Europe’s fashion sector

🌱 Sustainable Fashion Trends

• 77% of global consumers spend more on pre-loved goods

• 70% plan to continue spending on pre-loved in 2024

• Reasons: Save money (62%), save planet (26%), find specific items (25%), cheaper brands (24%)

🔄 Rise of Mixers

• Mixers: Combining new and second-hand purchases

• Germany: 7% mixers, France: 28% UK: 24%, Italy: 12%, Spain: 10%

• Decrease in buyers focusing only on new items

👗 Vinted vs Fashion Giants

• Vinted leads over Zara and H&M in Europe

• Gaining market share in every European country

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TechCrunch reports that Blinkit, Zepto, and Swiggy's Instamart are revolutionizing urban grocery shopping in India with 10-minute deliveries. Still the online share remains low. Is there potential for grocery q-commerce to overtake e-commerce?

📈 Quick Commerce in India

• Blinkit, Zepto, and Swiggy's Instamart are leading QC in urban India.

• Consumers love 10-minute grocery deliveries.

• Companies are on a profitable path with investor backing.

🛍️ Consumer Adoption and Market Size

• Urban millennials are quick to adopt QC services.

• E-commerce sales in India are $60-65B, still low globally.

• Traditional retail models, especially kirana stores, may be disrupted.

• Digital channels attract significant interest across age groups.

🌐 Online Market Share

• Online grocery penetration in India to grow from 2% to 4% in 5 years.

• Indian market is highly unorganized compared to other developed markets.

• Likely transition from traditional retail directly to online.

🌿 Sustainability and Logistical Concerns

• Concerns over greenwashing as QC scales up.

• Sustainability credentials are impacted.

• Dependence on 'dark stores' raises logistical and environmental issues.

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▶🇪🇺 Amazon AI expands product listings to sellers in France, Germany, Italy, Spain, and the U.K. The tools generate descriptions, titles, and details, speeding up the listing process. Over 30,000 sellers now use these tools.

▶🇩🇪 Otto hikes fees, partners react strongly. Otto's fee changes effective August 1: basic fees up from $43.30 to $108, commissions up by 1-8%, hardware sales fees increased from 7% to 13%. Fee adjustments announced for October, sustainable products to see reduced commissions.

▶🇺🇸 eBay Enhances Feedback Removal Policy. eBay has updated its feedback removal policies to ensure fairer and more consistent outcomes for sellers. Over a dozen policy changes are now in effect, making the process more streamlined and grounded in policy.

▶🇺🇸 Walmart beats Amazon with smaller, frequent orders. Walmart CFO John David Rainey states that Walmart+ members are making more frequent and smaller orders. This trend has driven Walmart's revenue up by 6% to $161.5B, with a 21% growth in e-commerce sales.

▶🇺🇸 Walmart launches new Digital Landscapes tool. Walmart Data Ventures launched Digital Landscapes, a tool inside its Luminate platform, to help suppliers track online shopper behavior. This beta launch on June 5 will enable better marketing and sales strategies, with general availability expected this summer.

▶🇰🇷 AliExpress, Temu, Qoo10 sell unsafe products. South Korea's consumer safety agency found that 30% of tested products, including toys, sold on AliExpress, Temu, and Qoo10 did not meet safety standards. The agency tested 88 items, finding issues in 27, prompting tighter regulations for foreign e-commerce platforms.

▶🇨🇳 Yoox Net-A-Porter exits China amid low sales to focus on more profitable markets amid weak consumer spending. This move highlights a trend where luxury retailers face challenges in China due to shifting consumer behaviors.

▶🇬🇧 Sojo and Vestiaire offer new repair service in the UK, with plans to expand. This service aims to reduce returns and increase sale value of pre-loved items by providing easy alterations and repairs.

▶🇬🇧 In The Style partners with Tesco’s F&F to launch a 22-piece summer collection. The collection will be available on the ITS app and in 300 Tesco stores from June 20, offering versatile, mix-and-match outfits.

▶🇪🇺 Vinted makes prices transparent after after complaints led to negotiations with the European Commission. Now, the second-hand platform shows the total price upfront, including buyer protection. More clarity is needed on shipping costs.

▶🇨🇳 Shein uses AI tech for faster fashion production. Shein partners with NTX to use AI for faster fashion production. New designs can be launched in 7 days, with delivery in 5 days. The eco-friendly Cooltrans technology reduces environmental impact and speeds up the entire process.

▶🇺🇸 Kleinfeld launches bridal resale site. Kleinfeld Bridal launches KleinfeldAgain.com, a resale platform for pre-owned wedding dresses, targeting savvy, tech-forward brides. The commission-free site offers hundreds of verified gowns, providing a solution for both buyers and sellers.

▶🇩🇪 OTTO launches new circular fashion line. OTTO presents its new Circular Collection, featuring 18 items including trousers, tops, and dresses, priced from $20 to $70. All items can be recycled into new fibers. By 2025, OTTO aims for full sustainability and climate neutrality by 2030.

▶🇫🇷 Vestiaire Collective uses AI to expand. Vestiaire Collective uses AI to launch Chinese, Dutch, and Swedish websites, expanding its global footprint and improving customer service. Demand in Hong Kong rose 208% over three years. New AI increases efficiency, accuracy, and growth in local markets.

▶🇩🇪 Recyclehero transforms textile recycling in Germany. Recyclehero, founded in 2020 by Nadine Herbrich and Alessandro Cocco in Hamburg, collects old clothes and recyclables from homes in five German cities. They use climate-neutral e-bikes and aim to boost local recycling and reduce waste.

▶🇺🇸 Uber Eats launches Courier Pick and Pack service . Uber Eats launched a service where couriers pick and pack orders from supermarkets. This tech connects couriers with customers in real time for accurate substitutions and order preferences.

▶🇦🇹 Food delivery workers strike during Euro match. Food delivery workers are striking during Austria's Euro match against France. They demand an 8.7% wage increase, but employers only offer 5.8%. Lieferando and Foodora foresee minimal impact.

▶🇩🇪 Just Eat Takeaway partners with Amazon in Europe. Europe's largest food delivery firm, Just Eat Takeaway, teams up with Amazon to offer free delivery for Prime members in Germany, Austria, and Spain. This partnership aims to enhance customer convenience and expand market reach. The service launches through Lieferando in Germany and Austria, and Just Eat in Spain.

▶🇺🇸 Instacart launches shoppable ads on YouTube. Instacart is expanding its retail media by launching shoppable YouTube ads. This allows users to buy products from videos and get same-day delivery. Partners like Clorox are testing this, using Instacart’s data for targeted ads. This follows Instacart's 2024 Google Shopping collaboration.

▶🇬🇧 Deliveroo launches Plus Diamond service in UK for $25/month. This premium service offers priority delivery, an on-time guarantee, and access to exclusive restaurants and luxury stores, catering to frequent users seeking added convenience and exclusivity.

▶🇩🇪 Delivery Hero fights for future with Sachem Head. Delivery Hero is facing pressure from activist investor Sachem Head to become profitable. CEO Niklas Östberg has been emphasizing profitability, but the company’s stock struggles. Sachem Head, holding 3.6%, pushes for board changes, aiming to replace Östberg. Delivery Hero recently sold its Taiwan business to Uber Eats for €878M, part of ongoing restructuring efforts.

▶🇺🇦 Glovo's Ukrainian delivery services grow 23%. Glovo's Ukrainian services grew 23% compared to pre-war levels. The Spanish company plans more investments, having already invested over €100M in Ukraine. Glovo operates in 37 cities, including new ones in eastern Ukraine. Operations resumed in March 2022 after a brief halt due to the invasion.

▶🇮🇳 Swiggy launches recruitment support for restaurants. Swiggy has launched a Recruitment Support initiative to help restaurants tackle staffing challenges. This initiative connects restaurants with top staffing experts like Apna, WorkIndia, Kaam, and Shiftz to find qualified candidates. It is integrated into the Swiggy Partner App, making hiring easier and more cost-effective.

▶🇺🇸 TikTok Symphony suite boosts brand purchase intent by 38%. TikTok's new AI tools, including Digital Avatars, enhance global reach and creative impact, empowering creators and brands.

▶🇪🇺 Meta delays AI launch in Europe over regulations. Meta delays its AI launch in the EU due to Irish DPC's concerns over data privacy. Meta's global privacy policy director expresses disappointment, while privacy advocates call for stricter commitments.

▶🇳🇴 Schibsted to cut 250 jobs for cost efficiency in the Nordic region. This restructuring follows the divestment of their news media business. CEO Halvorsen emphasizes this as the start of ongoing improvements.

▶🇦🇪 Shozon Marketplace Launches in the UAE, offering free listings for real estate, cars, jobs, and classifieds. Users get referral rewards and benefit from affordable ad boosts. Licensed by Dubai Economic Development, Shozon ensures a secure platform.

▶🇩🇪 Zooplus to Open Marketplace. Zooplus, with 17 years in the pet supply industry, will launch a marketplace in November. The Munich-based company aims to expand beyond its 8,000 product range. CEO Geoffroy Lefebvre highlighted their customer-centric approach at Shoptalk Europe.

▶🇺🇸 Apple ends Pay Later feature after 2 years. Apple ends its U.S.-only Pay Later feature, launched in March 2023, to integrate Affirm for global installment loans. New loans through Pay Later stopped as of Monday, but existing loans remain manageable via Apple Wallet.

▶🇩🇪 KaDeWe closes online shop amid restructuring. KaDeWe, Berlin's luxury department store, is closing its online shop as part of a restructuring plan. The decision affects 26 employees, who will leave by August's end. KaDeWe shifts focus to in-store business under new owner Central Group.

▶🇺🇸 Daydream secures $50M to launch an AI-powered search engine for e-commerce. The platform, to be launched in the U.S. this fall, aims to provide personalized shopping results using generative AI and machine learning.

▶🇺🇸 Finaloop scores $35M for accounting software to simplify bookkeeping for e-commerce retailers. The company, founded by Lioran Pinchevski, uses automation to manage transactions, bookkeeping, and inventory. With a 400% customer base growth, Finaloop now handles $13B in GMV.

▶🇨🇳 AliExpress denies acquisition talks with Homeplus. AliExpress has denied involvement in M&A talks with Homeplus. Local media suggested MBK Partners considered AliExpress a potential buyer for Homeplus Express. AliExpress Korea stated their priority is consumer rights and local seller support.

▶🇨🇳 Alibaba denies Lazada Thailand sale talks. Alibaba denied the rumors of selling its Lazada Thailand unit. They continue to invest in Lazada, spending $7.4B so far. Alibaba is expanding globally amid an economic slowdown at home, with a 60% revenue rise in the International Digital Commerce Group.

▶🇮🇳 Zepto raises $665M, valuation hits $3.6B. Zepto, a quick delivery app, raised $665M, doubling its valuation to $3.6B. The Series F round was led by Glade Brook, Nexus, and StepStone Group. Zepto plans to expand its dark stores to over 700 by March 2025.

That’s all. See you next week in the 🌀Maze!

Your guide through the maze

Artur Stańczuk Chief Strategy Officer at Packhelp, the leading European packaging marketplace. Previously worked ~8 yrs at Bain & Co. In the past, Digital Transformation Director at the leading Polish convenience chain Żabka and Entrepreneur that co-launched 3 startups